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Associated CoatersBOM:544183 24 Return-on-Tangible-Asset is 11.94% as of Mar. 2026, which is 17% below its 10-year median of 14.35. GuruFocus rates BOM:544183 with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 1,087 Business Services companies, Associated Coaters ranks better than 77.46% on this metric.
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. Associated Coaters's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹12.19 Mil. Associated Coaters's average total tangible assets for the quarter that ended in Mar. 2026 was ₹102.15 Mil. Therefore, Associated Coaters's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.94%.
The historical rank and industry rank for Associated Coaters's Return-on-Tangible-Asset or its related term are showing as below:
BOM:544183'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.15 Med: 14.35 Max: 26.37
Current: 10.96
During the past 6 years, Associated Coaters's highest Return-on-Tangible-Asset was 26.37%. The lowest was -5.15%. And the median was 14.35%.
BOM:544183's Return-on-Tangible-Asset is ranked better than 77.46% of 1087
companies
in the Business Services industry
Industry Median: 4.36
vs BOM:544183: 10.96
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.
Associated Coaters Return-on-Tangible-Asset Related Terms
Associated Coaters Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Associated Coaters'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.
BOM:544183 vs CTAS, CPRT, GPN: Return-on-Tangible-Asset Comparison
For the Specialty Business Services subindustry, Associated Coaters'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.
Associated Coaters Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, Associated Coaters's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Associated Coaters'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 two times the semi-annual (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 11.94% mean?
Associated Coaters (BOM:544183) has a Return-on-Tangible-Asset of 11.94% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Associated Coaters and its competitors. This is 17% below median its historical median of 14.35. According to the industry distribution chart, Associated Coaters ranks #245 out of 1087 companies in the Business Services industry, placing it in the top 22.5%.
Is Associated Coaters' Return-on-Tangible-Asset too high?
Associated Coaters' current Return-on-Tangible-Asset of 11.94% is 17% below median its 10-year median of 14.35. The Business Services industry median Return-on-Tangible-Asset is 4.36. Associated Coaters' value of 11.94% is 173.9% above this industry median. Based on the distribution chart, Associated Coaters ranks #245 out of 1087 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Associated Coaters has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Associated Coaters' Return-on-Tangible-Asset compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Associated Coaters ranks #245 out of 1087 companies for Return-on-Tangible-Asset. This places Associated Coaters in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 4.36. Associated Coaters' value of 11.94% is 173.9% above this benchmark. While the company's 10-year median is 14.35 vs. the industry median of 4.36, Associated Coaters has consistently been above the industry average. 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 4.36, based on 1,087 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. Associated Coaters's current Return-on-Tangible-Asset of 11.94% is 173.9% 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 Associated Coaters and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 4.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Associated Coaters's current Return-on-Tangible-Asset is 11.94%, which is 17% below median its own 10-year median of 14.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Associated Coaters stock overvalued right now?
Associated Coaters (BOM:544183) has a current Return-on-Tangible-Asset of 11.94%. The current Return-on-Tangible-Asset is 11.94%, which is 17% below median its 10-year median of 14.35 and 173.9% above the Business Services industry median of 4.36. Associated Coaters' overall GF Score™ is 24/100 with 1 warning sign 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 Associated Coaters (BOM:544183), the current Return-on-Tangible-Asset is 11.94% as of Mar. 2026. 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.
Associated Coaters Ltd is engaged in the business of providing services by way of pre-treatment and powder coating of aluminium extrusions in the Architect and Real Estate Industry. The company's process begins with surface cleaning to eliminate dirt, grease, or other contaminants, followed by the application of a strategic chemical solution to enhance powder coating adhesion. Techniques such as acidic surface etching and specialized pretreatment agents ensure optimal surface wettability.
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