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Go Innovate Asia BhdXKLS:03028 Return-on-Tangible-Asset is 3.45% as of Jun. 2025, which is 11% below its 10-year median of 3.87. The stock has 3 warning signs investors should review.
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. Go Innovate Asia Bhd's annualizedNet Income for the quarter that ended in Jun. 2025 was RM4 Mil. Go Innovate Asia Bhd's average total tangible assets for the quarter that ended in Jun. 2025 was RM120 Mil. Therefore, Go Innovate Asia Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2025 was 3.45%.
The historical rank and industry rank for Go Innovate Asia Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:03028'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -21.09 Med: 3.87 Max: 12.45
Current: -9.59
During the past 8 years, Go Innovate Asia Bhd's highest Return-on-Tangible-Asset was 12.45%. The lowest was -21.09%. And the median was 3.87%.
XKLS:03028's Return-on-Tangible-Asset is not ranked
in the Capital Markets industry.
Industry Median: 1.54
vs XKLS:03028: -9.59
Go Innovate Asia Bhd (XKLS:03028) 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.
Go Innovate Asia Bhd Return-on-Tangible-Asset Related Terms
Go Innovate Asia Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Go Innovate Asia Bhd'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.
Go Innovate Asia Bhd Return-on-Tangible-Asset Chart
XKLS:03028 vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Go Innovate Asia Bhd'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.
Go Innovate Asia Bhd Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Go Innovate Asia Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Go Innovate Asia Bhd'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 (Jun. 2025) net income data.
What does a Return-on-Tangible-Asset of 3.45% mean?
Go Innovate Asia Bhd (XKLS:03028) has a Return-on-Tangible-Asset of 3.45% as of Jun. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Go Innovate Asia Bhd and its competitors. This is 11% below median its historical median of 3.87.
Is Go Innovate Asia Bhd's Return-on-Tangible-Asset too high?
Go Innovate Asia Bhd's current Return-on-Tangible-Asset of 3.45% is 11% below median its 10-year median of 3.87. The Capital Markets industry median Return-on-Tangible-Asset is 1.54. Go Innovate Asia Bhd's value of 3.45% is 124% above this industry median.
How does Go Innovate Asia Bhd's Return-on-Tangible-Asset compare to MS and GS?
Go Innovate Asia Bhd's Return-on-Tangible-Asset of 3.45% can be compared against companies in the Capital Markets industry. The industry median Return-on-Tangible-Asset is 1.54. Go Innovate Asia Bhd's value of 3.45% is 124% above this benchmark. While the company's 10-year median is 3.87 vs. the industry median of 1.54, Go Innovate Asia Bhd 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.54, based on 819 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. Go Innovate Asia Bhd's current Return-on-Tangible-Asset of 3.45% is 124% 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 Go Innovate Asia Bhd and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Go Innovate Asia Bhd's current Return-on-Tangible-Asset is 3.45%, which is 11% below median its own 10-year median of 3.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Go Innovate Asia Bhd stock overvalued right now?
Go Innovate Asia Bhd (XKLS:03028) has a current Return-on-Tangible-Asset of 3.45%. The stock's GF Value™ is RM0.38, compared to a current price of RM0.03 — trading 92.1% below its estimated fair value. The current Return-on-Tangible-Asset is 3.45%, which is 11% below median its 10-year median of 3.87 and 124% above the Capital Markets industry median of 1.54. 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 Go Innovate Asia Bhd (XKLS:03028), the current Return-on-Tangible-Asset is 3.45% as of Jun. 2025. 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.
Go Innovate Asia Bhd is investment holding company. The principal activities of its subsidiaries include trading in precious metals, provide services relating to the online precious metals trading platform and such other business which are necessary for and/or incident to the aforesaid business, developing information technology (IT), dealing and trading in providing information, communication and technology (ICT) services and consultancy, deal, trade and provide software research and development businesses, technical testing and analysis, assaying and refining of precious metals, and promoting and marketing all kinds of gold products.
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