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Smart Asia Chemical BhdXKLS:0306 -2.78%31 Return-on-Tangible-Asset is 7.58% as of Mar. 2026, which is 10% below its 10-year median of 8.40. GuruFocus rates XKLS:0306 with a GF Score™ of 31/100. The stock has 7 warning signs investors should review. Among 1,612 Chemicals companies, Smart Asia Chemical Bhd ranks worse than 58.37% 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. Smart Asia Chemical Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM12.73 Mil. Smart Asia Chemical Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM168.06 Mil. Therefore, Smart Asia Chemical Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.58%.
The historical rank and industry rank for Smart Asia Chemical Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:0306'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.64 Med: 8.4 Max: 13.5
Current: 2.09
During the past 6 years, Smart Asia Chemical Bhd's highest Return-on-Tangible-Asset was 13.50%. The lowest was 0.64%. And the median was 8.40%.
XKLS:0306's Return-on-Tangible-Asset is ranked worse than 58.37% of 1612
companies
in the Chemicals industry
Industry Median: 3.075
vs XKLS:0306: 2.09
Smart Asia Chemical Bhd (XKLS:0306) 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.
Smart Asia Chemical Bhd Return-on-Tangible-Asset Related Terms
Smart Asia Chemical Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Smart Asia Chemical 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.
Smart Asia Chemical Bhd Return-on-Tangible-Asset Chart
XKLS:0306 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Smart Asia Chemical 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.
Smart Asia Chemical Bhd Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Smart Asia Chemical Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Smart Asia Chemical 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 7.58% mean?
Smart Asia Chemical Bhd (XKLS:0306) has a Return-on-Tangible-Asset of 7.58% 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 Smart Asia Chemical Bhd and its competitors. This is 10% below median its historical median of 8.40. Over the past decade, Smart Asia Chemical Bhd's Return-on-Tangible-Asset has ranged from 0.64 to 13.50. According to the industry distribution chart, Smart Asia Chemical Bhd ranks #941 out of 1612 companies in the Chemicals industry, placing it in the top 58.4%.
Is Smart Asia Chemical Bhd's Return-on-Tangible-Asset too high?
Smart Asia Chemical Bhd's current Return-on-Tangible-Asset of 7.58% is 10% below median its 10-year median of 8.40. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 13.50. The Chemicals industry median Return-on-Tangible-Asset is 3.08. Smart Asia Chemical Bhd's value of 7.58% is 146.5% above this industry median. Based on the distribution chart, Smart Asia Chemical Bhd ranks #941 out of 1612 companies in the Chemicals industry, which is below the industry midpoint. Overall, Smart Asia Chemical Bhd has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Smart Asia Chemical Bhd's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Smart Asia Chemical Bhd ranks #941 out of 1612 companies for Return-on-Tangible-Asset. This places Smart Asia Chemical Bhd in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.08. Smart Asia Chemical Bhd's value of 7.58% is 146.5% above this benchmark. Historically, Smart Asia Chemical Bhd's own Return-on-Tangible-Asset has ranged from 0.64 to 13.50 over the past decade. While the company's 10-year median is 8.40 vs. the industry median of 3.08, Smart Asia Chemical 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.08, based on 1,612 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. Smart Asia Chemical Bhd's current Return-on-Tangible-Asset of 7.58% is 146.5% 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 Smart Asia Chemical Bhd and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Asia Chemical Bhd's current Return-on-Tangible-Asset is 7.58%, which is 10% below median its own 10-year median of 8.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Asia Chemical Bhd stock overvalued right now?
Smart Asia Chemical Bhd (XKLS:0306) has a current Return-on-Tangible-Asset of 7.58%. The current Return-on-Tangible-Asset is 7.58%, which is 10% below median its 10-year median of 8.40 and 146.5% above the Chemicals industry median of 3.08. Smart Asia Chemical Bhd's overall GF Score™ is 31/100 with 7 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 Smart Asia Chemical Bhd (XKLS:0306), the current Return-on-Tangible-Asset is 7.58% 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.
Smart Asia Chemical Bhd is an investment holding company. Through its subsidiaries, it is involved in the development, manufacturing, distribution, and sale of decorative paints and protective coatings for household and industrial applications. Also involved in the development, manufacturing, distribution and sale of related products, namely colourants, and binding and coating chemicals; sale and trading of painting tools and accessories, aerosol spray paints and other related products to complement decorative paints and protective coatings offerings, ODM services of decorative paints, protective coatings as well as binding and coating chemicals for third party brand owners. Company has three segments manufacturing, sale and trading and other.
31GF Score
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