Synlait MilkSMLKF 29 Return-on-Tangible-Asset is -10.32% as of Jan. 2026. GuruFocus rates SMLKF with a GF Score™ of 29/100 and a GF Value™ of $0.85. The stock has 4 warning signs investors should review. Among 1,994 Consumer Packaged Goods companies, Synlait Milk ranks worse than 86.76% 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. Synlait Milk's annualizedNet Income for the quarter that ended in Jan. 2026 was $-94 Mil. Synlait Milk's average total tangible assets for the quarter that ended in Jan. 2026 was $915 Mil. Therefore, Synlait Milk's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2026 was -10.32%.
The historical rank and industry rank for Synlait Milk's Return-on-Tangible-Asset or its related term are showing as below:
SMLKF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.3 Med: 4.19 Max: 9.77
Current: -8.11
During the past 13 years, Synlait Milk's highest Return-on-Tangible-Asset was 9.77%. The lowest was -12.30%. And the median was 4.19%.
SMLKF's Return-on-Tangible-Asset is ranked worse than 86.76% of 1994
companies
in the Consumer Packaged Goods industry
Industry Median: 3.39
vs SMLKF: -8.11
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.
Synlait Milk Return-on-Tangible-Asset Related Terms
Synlait Milk Return-on-Tangible-Asset Historical Data
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The historical data trend for Synlait Milk'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.
SMLKF vs KHC, GIS, HRL: Return-on-Tangible-Asset Comparison
For the Packaged Foods subindustry, Synlait Milk'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.
Synlait Milk Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Synlait Milk's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Synlait Milk'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 -10.32% mean?
Synlait Milk (SMLKF) has a Return-on-Tangible-Asset of -10.32% 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 Synlait Milk and its competitors. According to the industry distribution chart, Synlait Milk ranks #1730 out of 1994 companies in the Consumer Packaged Goods industry, placing it in the top 86.8%.
Is Synlait Milk's Return-on-Tangible-Asset too high?
Synlait Milk's current Return-on-Tangible-Asset is -10.32%. Based on the distribution chart, Synlait Milk ranks #1730 out of 1994 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Synlait Milk has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Synlait Milk's Return-on-Tangible-Asset compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Synlait Milk ranks #1730 out of 1994 companies for Return-on-Tangible-Asset. This places Synlait Milk in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.39. 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.39, based on 1,994 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. 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 Synlait Milk and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Synlait Milk's current Return-on-Tangible-Asset is -10.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synlait Milk stock overvalued right now?
Synlait Milk (SMLKF) has a current Return-on-Tangible-Asset of -10.32%. The stock's GF Value™ is $0.85, compared to a current price of $0.97 — trading 14.2% above its estimated fair value. The current Return-on-Tangible-Asset is -10.32%. Synlait Milk's overall GF Score™ is 29/100 with 4 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 Synlait Milk (SMLKF), the current Return-on-Tangible-Asset is -10.32% 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.
Is Synlait Milk (SMLKF) Overvalued in 2026?
Based on GuruFocus' analysis, Synlait Milk stock appears to be overvalued.
The current stock price of $0.97 is trading 14.2% above its estimated GF Value™ of $0.85.
Key valuation signals for SMLKF:
Return-on-Tangible-Asset: -10.32%
GF Value™: $0.85 vs. price of $0.97 (14.2% above fair value)
No single metric tells the full story. See the SMLKF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Synlait Milk Ltd is a dairy processing company that benefits from a differentiated milk supply and operating environment in New Zealand. The business operates within one industry that includes the manufacture of milk powder and its related products, liquid milk, cheese, and butter. Its segment are Synlait and Dairyworks, out of which it derives maximum revenue from Synlait segment.
29GF Score
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