Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Asia Grocery DistributionHKSE:08413 +6.25% Return-on-Tangible-Asset is 3.40% as of Mar. 2026. The stock has 1 warning sign investors should review. Among 315 Retail - Defensive companies, Asia Grocery Distribution ranks worse than 68.57% 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. Asia Grocery Distribution's annualizedNet Income for the quarter that ended in Mar. 2026 was HK$4.4 Mil. Asia Grocery Distribution's average total tangible assets for the quarter that ended in Mar. 2026 was HK$128.6 Mil. Therefore, Asia Grocery Distribution's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.40%.
The historical rank and industry rank for Asia Grocery Distribution's Return-on-Tangible-Asset or its related term are showing as below:
HKSE:08413'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.03 Med: -0.46 Max: 3.46
Current: 1.42
During the past 12 years, Asia Grocery Distribution's highest Return-on-Tangible-Asset was 3.46%. The lowest was -12.03%. And the median was -0.46%.
HKSE:08413's Return-on-Tangible-Asset is ranked worse than 68.57% of 315
companies
in the Retail - Defensive industry
Industry Median: 3.7
vs HKSE:08413: 1.42
Asia Grocery Distribution (HKSE:08413) Return-on-Tangible-Asset Explanation
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.
Asia Grocery Distribution Return-on-Tangible-Asset Related Terms
Asia Grocery Distribution Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Asia Grocery Distribution'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.
Asia Grocery Distribution Return-on-Tangible-Asset Chart
HKSE:08413 vs SYY, USFD, PFGC: Return-on-Tangible-Asset Comparison
For the Food Distribution subindustry, Asia Grocery Distribution'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.
Asia Grocery Distribution Return-on-Tangible-Asset vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Asia Grocery Distribution's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Asia Grocery Distribution'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 3.40% mean?
Asia Grocery Distribution (HKSE:08413) has a Return-on-Tangible-Asset of 3.40% 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 Asia Grocery Distribution and its competitors. According to the industry distribution chart, Asia Grocery Distribution ranks #216 out of 315 companies in the Retail - Defensive industry, placing it in the top 68.6%.
Is Asia Grocery Distribution's Return-on-Tangible-Asset too high?
Asia Grocery Distribution's current Return-on-Tangible-Asset is 3.40%. The Retail - Defensive industry median Return-on-Tangible-Asset is 3.70. Asia Grocery Distribution's value of 3.40% is 8.1% below this industry median. Based on the distribution chart, Asia Grocery Distribution ranks #216 out of 315 companies in the Retail - Defensive industry, which is below the industry midpoint.
How does Asia Grocery Distribution's Return-on-Tangible-Asset compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Asia Grocery Distribution ranks #216 out of 315 companies for Return-on-Tangible-Asset. This places Asia Grocery Distribution in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.70. Asia Grocery Distribution's value of 3.40% is 8.1% below 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 Retail - Defensive company?
The median Return-on-Tangible-Asset among Retail - Defensive companies is 3.70, based on 315 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. Asia Grocery Distribution's current Return-on-Tangible-Asset of 3.40% is 8.1% below 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 Asia Grocery Distribution and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Asset is 3.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Grocery Distribution's current Return-on-Tangible-Asset is 3.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Grocery Distribution stock overvalued right now?
Based on GuruFocus' analysis, Asia Grocery Distribution (HKSE:08413) is currently considered Significantly Undervalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.07 — trading 43.3% below its estimated fair value. The current Return-on-Tangible-Asset is 3.40% and 8.1% below the Retail - Defensive industry median of 3.70. 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 Asia Grocery Distribution (HKSE:08413), the current Return-on-Tangible-Asset is 3.40% 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.
Asia Grocery Distribution Ltd is engaged in distributing food and beverage groceries to a wide array of customers, including restaurants, non-commercial dining establishments, hotels, private clubs, food processing operators, and wholesalers in Hong Kong. It also offers Kitchen and hygiene products, including food wrap and food-related products such as cling film, baking sheet, and foil, cleaning products such as detergent, bleach, and liquid soap, and others such as tissue paper, toothpicks, and towels, hygiene products such as face masks and gloves. The company distributes its products to Hong Kong, China, Greece, and Italy.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:08413 has been successfully added to your 
