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SingAsia HoldingsHKSE:08293 Return-on-Tangible-Asset is 6.86% as of Jan. 2026. The stock has 5 warning signs investors should review. Among 1,091 Business Services companies, SingAsia Holdings ranks worse than 55.45% 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. SingAsia Holdings's annualizedNet Income for the quarter that ended in Jan. 2026 was HK$3.00 Mil. SingAsia Holdings's average total tangible assets for the quarter that ended in Jan. 2026 was HK$43.71 Mil. Therefore, SingAsia Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2026 was 6.86%.
The historical rank and industry rank for SingAsia Holdings's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:08293'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -51.54 Med: -17.99 Max: 8.18
Current: 3.32
During the past 12 years, SingAsia Holdings's highest Return-on-Tangible-Asset was 8.18%. The lowest was -51.54%. And the median was -17.99%.
HKSE:08293's Return-on-Tangible-Asset is ranked worse than 55.45% of 1091
companies
in the Business Services industry
Industry Median: 4.35
vs HKSE:08293: 3.32
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.
SingAsia Holdings Return-on-Tangible-Asset Related Terms
SingAsia Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SingAsia Holdings'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.
HKSE:08293 vs RHI, KFY, TNET: Return-on-Tangible-Asset Comparison
For the Staffing & Employment Services subindustry, SingAsia Holdings'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.
SingAsia Holdings Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, SingAsia Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SingAsia Holdings'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 (Jan. 2026) net income data.
What does a Return-on-Tangible-Asset of 6.86% mean?
SingAsia Holdings (HKSE:08293) has a Return-on-Tangible-Asset of 6.86% as of Jan. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on SingAsia Holdings and its competitors. According to the industry distribution chart, SingAsia Holdings ranks #605 out of 1091 companies in the Business Services industry, placing it in the top 55.5%.
Is SingAsia Holdings' Return-on-Tangible-Asset too high?
SingAsia Holdings' current Return-on-Tangible-Asset is 6.86%. The Business Services industry median Return-on-Tangible-Asset is 4.35. SingAsia Holdings' value of 6.86% is 57.7% above this industry median. Based on the distribution chart, SingAsia Holdings ranks #605 out of 1091 companies in the Business Services industry, which is below the industry midpoint.
How does SingAsia Holdings' Return-on-Tangible-Asset compare to RHI and KFY?
According to the Business Services industry distribution chart, SingAsia Holdings ranks #605 out of 1091 companies for Return-on-Tangible-Asset. This places SingAsia Holdings in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.35. SingAsia Holdings' value of 6.86% is 57.7% 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 4.35, based on 1,091 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. SingAsia Holdings's current Return-on-Tangible-Asset of 6.86% is 57.7% 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 SingAsia Holdings and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 4.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SingAsia Holdings's current Return-on-Tangible-Asset is 6.86%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SingAsia Holdings stock overvalued right now?
Based on GuruFocus' analysis, SingAsia Holdings (HKSE:08293) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.03, compared to a current price of HK$0.10 — trading 233.3% above its estimated fair value. The current Return-on-Tangible-Asset is 6.86% and 57.7% above the Business Services industry median of 4.35. 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 SingAsia Holdings (HKSE:08293), the current Return-on-Tangible-Asset is 6.86% as of Jan. 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.
SingAsia Holdings Ltd provides specialised workforce solutions, offering manpower outsourcing and recruitment services in Singapore, and corporate development and training services in Hong Kong. The Group supports the hotel and resort, retail, food and beverage, and other sectors, including event organisers, facility management, and various industries across Singapore and Hong Kong. Revenue is generated from manpower outsourcing, recruitment, and corporate development and training services, with operations in both markets and maximum revenue from Singapore. The Group also acts as a one-stop workforce solutions provider, helping customers streamline operations through reliable staffing, HR support, and training services.
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