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CVO Petrochemical RefineryDHA:CVOPRL +0.29%38 Return-on-Tangible-Asset is 9.27% as of Mar. 2026, which is 1088% above its 10-year median of 0.78. GuruFocus rates DHA:CVOPRL with a GF Score™ of 38/100. The stock has 3 warning signs investors should review. Among 1,033 Oil & Gas companies, CVO Petrochemical Refinery ranks better than 92.55% 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. CVO Petrochemical Refinery's annualizedNet Income for the quarter that ended in Mar. 2026 was BDT136 Mil. CVO Petrochemical Refinery's average total tangible assets for the quarter that ended in Mar. 2026 was BDT1,464 Mil. Therefore, CVO Petrochemical Refinery's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.27%.
The historical rank and industry rank for CVO Petrochemical Refinery's Return-on-Tangible-Asset or its related term are showing as below:
DHA:CVOPRL'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.49 Med: 0.78 Max: 24.13
Current: 15.4
During the past 13 years, CVO Petrochemical Refinery's highest Return-on-Tangible-Asset was 24.13%. The lowest was -13.49%. And the median was 0.78%.
DHA:CVOPRL's Return-on-Tangible-Asset is ranked better than 92.55% of 1033
companies
in the Oil & Gas industry
Industry Median: 2.14
vs DHA:CVOPRL: 15.40
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.
CVO Petrochemical Refinery Return-on-Tangible-Asset Related Terms
CVO Petrochemical Refinery Return-on-Tangible-Asset Historical Data
* 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.
DHA:CVOPRL vs MPC, VLO, PSX: Return-on-Tangible-Asset Comparison
For the Oil & Gas Refining & Marketing subindustry, CVO Petrochemical Refinery'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.
CVO Petrochemical Refinery Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CVO Petrochemical Refinery's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where CVO Petrochemical Refinery'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. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.27% mean?
CVO Petrochemical Refinery (DHA:CVOPRL) has a Return-on-Tangible-Asset of 9.27% 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 CVO Petrochemical Refinery and its competitors. This is 1088% above median its historical median of 0.78. According to the industry distribution chart, CVO Petrochemical Refinery ranks #77 out of 1033 companies in the Oil & Gas industry, placing it in the top 7.5%.
Is CVO Petrochemical Refinery's Return-on-Tangible-Asset too high?
CVO Petrochemical Refinery's current Return-on-Tangible-Asset of 9.27% is 1088% above median its 10-year median of 0.78. The Oil & Gas industry median Return-on-Tangible-Asset is 2.14. CVO Petrochemical Refinery's value of 9.27% is 333.2% above this industry median. Based on the distribution chart, CVO Petrochemical Refinery ranks #77 out of 1033 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, CVO Petrochemical Refinery has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does CVO Petrochemical Refinery's Return-on-Tangible-Asset compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, CVO Petrochemical Refinery ranks #77 out of 1033 companies for Return-on-Tangible-Asset. This places CVO Petrochemical Refinery in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.14. CVO Petrochemical Refinery's value of 9.27% is 333.2% above this benchmark. While the company's 10-year median is 0.78 vs. the industry median of 2.14, CVO Petrochemical Refinery 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 an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.14, based on 1,033 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. CVO Petrochemical Refinery's current Return-on-Tangible-Asset of 9.27% is 333.2% 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 CVO Petrochemical Refinery and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CVO Petrochemical Refinery's current Return-on-Tangible-Asset is 9.27%, which is 1088% above median its own 10-year median of 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CVO Petrochemical Refinery stock overvalued right now?
CVO Petrochemical Refinery (DHA:CVOPRL) has a current Return-on-Tangible-Asset of 9.27%. The current Return-on-Tangible-Asset is 9.27%, which is 1088% above median its 10-year median of 0.78 and 333.2% above the Oil & Gas industry median of 2.14. CVO Petrochemical Refinery's overall GF Score™ is 38/100 with 3 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 CVO Petrochemical Refinery (DHA:CVOPRL), the current Return-on-Tangible-Asset is 9.27% 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.
CVO Petrochemical Refinery PLC is a petrochemical company. It is engaged in the production and sale of Hydrocarbon Solvent with the use of new raw material Naphtha and also supplies fuels like Motor Spirit (MS), Mineral Turpentine (MTT), HSD (High-Speed Diesel) which it produces from Natural Gas Condensate.
38GF Score
Get the complete analysis for DHA:CVOPRL
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