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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. Whitman Holdings Bhd's annualizedNet Income for the quarter that ended in Dec. 2024 was RM1.65 Mil. Whitman Holdings Bhd's average total tangible assets for the quarter that ended in Dec. 2024 was RM4.70 Mil. Therefore, Whitman Holdings Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 35.18%.
The historical rank and industry rank for Whitman Holdings Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:03070'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 28.76 Med: 31.97 Max: 35.18
Current: 35.18
During the past 2 years, Whitman Holdings Bhd's highest Return-on-Tangible-Asset was 35.18%. The lowest was 28.76%. And the median was 31.97%.
XKLS:03070's Return-on-Tangible-Asset is not ranked
in the Asset Management industry.
Industry Median: 4.235
vs XKLS:03070: 35.18
Whitman Holdings Bhd (XKLS:03070) 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.
Whitman Holdings Bhd Return-on-Tangible-Asset Related Terms
Whitman Holdings Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Whitman Holdings 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.
Whitman Holdings Bhd Return-on-Tangible-Asset Chart
Whitman Holdings Bhd Annual Data
Trend
Dec23
Dec24
Return-on-Tangible-Asset
28.76
35.18
Whitman Holdings Bhd Semi-Annual Data
Dec23
Dec24
Return-on-Tangible-Asset
28.76
35.18
XKLS:03070 vs BLK, BX, KKR: Return-on-Tangible-Asset Comparison
For the Asset Management subindustry, Whitman Holdings 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.
Whitman Holdings Bhd Return-on-Tangible-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Whitman Holdings Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Whitman Holdings 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 one times the annual (Dec. 2024) net income data.
What does a Return-on-Tangible-Asset of 35.18% mean?
Whitman Holdings Bhd (XKLS:03070) has a Return-on-Tangible-Asset of 35.18% as of Dec. 2024. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Whitman Holdings Bhd and its competitors. This is 10% above median its historical median of 31.97. Over the past decade, Whitman Holdings Bhd's Return-on-Tangible-Asset has ranged from 28.76 to 35.18.
Is Whitman Holdings Bhd's Return-on-Tangible-Asset too high?
Whitman Holdings Bhd's current Return-on-Tangible-Asset of 35.18% is 10% above median its 10-year median of 31.97. Over the past 10 years, this metric has ranged from a low of 28.76 to a high of 35.18. The Asset Management industry median Return-on-Tangible-Asset is 4.24. Whitman Holdings Bhd's value of 35.18% is 730.7% above this industry median. Overall, Whitman Holdings Bhd has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Whitman Holdings Bhd's Return-on-Tangible-Asset compare to BLK and BX?
Whitman Holdings Bhd's Return-on-Tangible-Asset of 35.18% can be compared against companies in the Asset Management industry. The industry median Return-on-Tangible-Asset is 4.24. Whitman Holdings Bhd's value of 35.18% is 730.7% above this benchmark. Historically, Whitman Holdings Bhd's own Return-on-Tangible-Asset has ranged from 28.76 to 35.18 over the past decade. While the company's 10-year median is 31.97 vs. the industry median of 4.24, Whitman Holdings 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 an Asset Management company?
The median Return-on-Tangible-Asset among Asset Management companies is 4.24, based on 1,636 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. Whitman Holdings Bhd's current Return-on-Tangible-Asset of 35.18% is 730.7% 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 Whitman Holdings Bhd and its competitors. For the Asset Management industry, the median Return-on-Tangible-Asset is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Whitman Holdings Bhd's current Return-on-Tangible-Asset is 35.18%, which is 10% above median its own 10-year median of 31.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Whitman Holdings Bhd stock overvalued right now?
Whitman Holdings Bhd (XKLS:03070) has a current Return-on-Tangible-Asset of 35.18%. The current Return-on-Tangible-Asset is 35.18%, which is 10% above median its 10-year median of 31.97 and 730.7% above the Asset Management industry median of 4.24. Whitman Holdings Bhd's overall GF Score™ is 17/100 with 1 warning sign 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 Whitman Holdings Bhd (XKLS:03070), the current Return-on-Tangible-Asset is 35.18% as of Dec. 2024. 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.
Whitman Holdings Bhd is an investment holding company. Through its subsidiaries, the company is principally involved in the provision of holistic financial planning solutions focusing on retirement planning. The company's core advisory services consist of advisory and consultation services and dealing in securities (UTS and PRS). It also provides insurance consulting services and will-writing services as part of its complementary services. The company derives the majority of revenue from the provision of its Core advisory services, prominently from the dealing in securities (UTS and PRS) services. Geographically, it operates within Malaysia.
17GF Score
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