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ICT Zone Asia Bhd (XKLS:03038P.PFD) Return-on-Tangible-Asset : 3.94% (As of Jan. 2025)


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What is ICT Zone Asia Bhd Return-on-Tangible-Asset?

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. ICT Zone Asia Bhd's annualized Net Income for the quarter that ended in Jan. 2025 was RM8.85 Mil. ICT Zone Asia Bhd's average total tangible assets for the quarter that ended in Jan. 2025 was RM224.64 Mil. Therefore, ICT Zone Asia Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2025 was 3.94%.

The historical rank and industry rank for ICT Zone Asia Bhd's Return-on-Tangible-Asset or its related term are showing as below:

XKLS:03038P.PFD' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -0.42   Med: 4.94   Max: 6.97
Current: 4.12

During the past 7 years, ICT Zone Asia Bhd's highest Return-on-Tangible-Asset was 6.97%. The lowest was -0.42%. And the median was 4.94%.

XKLS:03038P.PFD's Return-on-Tangible-Asset is ranked better than
58.53% of 2838 companies
in the Software industry
Industry Median: 1.89 vs XKLS:03038P.PFD: 4.12

ICT Zone Asia Bhd Return-on-Tangible-Asset Historical Data

The historical data trend for ICT Zone 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.

* Premium members only.

ICT Zone Asia Bhd Return-on-Tangible-Asset Chart

ICT Zone Asia Bhd Annual Data
Trend Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Return-on-Tangible-Asset
Get a 7-Day Free Trial 5.18 6.17 6.97 4.94 4.11

ICT Zone Asia Bhd Semi-Annual Data
Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.77 3.00 6.01 4.32 3.94

Competitive Comparison of ICT Zone Asia Bhd's Return-on-Tangible-Asset

For the Information Technology Services subindustry, ICT Zone 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.


ICT Zone Asia Bhd's Return-on-Tangible-Asset Distribution in the Software Industry

For the Software industry and Technology sector, ICT Zone Asia Bhd's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where ICT Zone Asia Bhd's Return-on-Tangible-Asset falls into.


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ICT Zone Asia Bhd Return-on-Tangible-Asset Calculation

ICT Zone Asia Bhd's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jan. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Jan. 2025 )  (A: Jan. 2024 )(A: Jan. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Jan. 2025 )  (A: Jan. 2024 )(A: Jan. 2025 )
=8.795/( (191.592+236.529)/ 2 )
=8.795/214.0605
=4.11 %

ICT Zone Asia Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jan. 2025 )  (Q: Jul. 2024 )(Q: Jan. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jan. 2025 )  (Q: Jul. 2024 )(Q: Jan. 2025 )
=8.854/( (212.745+236.529)/ 2 )
=8.854/224.637
=3.94 %

* 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. 2025) net income data.


ICT Zone Asia Bhd  (XKLS:03038P.PFD) 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 company’s 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 company’s 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.


ICT Zone Asia Bhd Return-on-Tangible-Asset Related Terms

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ICT Zone Asia Bhd Business Description

Traded in Other Exchanges
Address
Jalan Ampang Putra, Ground Floor, Block H, Excella Business Park, Wilayah Persekutuan, Ampang, Kuala Lumpur, SGR, MYS, 55100
ICT Zone Asia Bhd is an investment holding company. The company operates in the following segments: Technology financing, which involves technology financing involves operating lease of ICT hardware and software; Trading includes outright sales of ICT hardware and software and disposal of ICT assets; Service segment includes the provision of ICT services that comprise of corrective and preventative maintenance; and Cloud solution and service segment includes the provision of customized cloud services with architecture solution and outright sales of ICT hardware and software for cloud solution.

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