Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Yong Thai PCL's annualizedNet Income for the quarter that ended in Mar. 2021 was ฿13.63 Mil. Yong Thai PCL's average total tangible assets for the quarter that ended in Mar. 2021 was ฿194.04 Mil. Therefore, Yong Thai PCL's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2021 was 7.03%.
The historical rank and industry rank for Yong Thai PCL's Return-on-Tangible-Asset or its related term are showing as below:
BKK:YCI-R'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -30.72 Med: -10.55 Max: -1.34
Current: -3.38
During the past 13 years, Yong Thai PCL's highest Return-on-Tangible-Asset was -1.34%. The lowest was -30.72%. And the median was -10.55%.
BKK:YCI-R's Return-on-Tangible-Asset is not ranked
in the Chemicals industry.
Industry Median: 3.05
vs BKK:YCI-R: -3.38
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Yong Thai PCL Return-on-Tangible-Asset Related Terms
Yong Thai PCL Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Yong Thai PCL's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BKK:YCI-R vs APD, DD, DOW: Return-on-Tangible-Asset Comparison
For the Chemicals subindustry, Yong Thai PCL's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Yong Thai PCL Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Yong Thai PCL's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Yong Thai PCL's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2021) net income data.
What does a Return-on-Tangible-Asset of 7.03% mean?
Yong Thai PCL (BKK:YCI-R) has a Return-on-Tangible-Asset of 7.03% as of Mar. 2021. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Yong Thai PCL and its competitors.
Is Yong Thai PCL's Return-on-Tangible-Asset too high?
Yong Thai PCL's current Return-on-Tangible-Asset is 7.03%. The Chemicals industry median Return-on-Tangible-Asset is 3.05. Yong Thai PCL's value of 7.03% is 130.5% above this industry median. Overall, Yong Thai PCL has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Yong Thai PCL's Return-on-Tangible-Asset compare to APD and DD?
Yong Thai PCL's Return-on-Tangible-Asset of 7.03% can be compared against companies in the Chemicals industry. The industry median Return-on-Tangible-Asset is 3.05. Yong Thai PCL's value of 7.03% is 130.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.05, based on 1,614 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Yong Thai PCL's current Return-on-Tangible-Asset of 7.03% is 130.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Yong Thai PCL and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yong Thai PCL's current Return-on-Tangible-Asset is 7.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yong Thai PCL stock overvalued right now?
Yong Thai PCL (BKK:YCI-R) has a current Return-on-Tangible-Asset of 7.03%. The current Return-on-Tangible-Asset is 7.03% and 130.5% above the Chemicals industry median of 3.05. Yong Thai PCL's overall GF Score™ is 4/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Yong Thai PCL (BKK:YCI-R), the current Return-on-Tangible-Asset is 7.03% as of Mar. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Yong Thai PCL is a Thailand-based company engaged in the production of industrial chemicals. It has a single reportable segment which is the Business concerning zirconium production. Its business operation is located in Thailand. The products offered by the company include Zirconium Silicate, Zircon Flour, Zircon Sand, Liquid Acid, Sulphur, and Aluminium Hydroxide.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:YCI-R has been successfully added to your 