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Ocean Fresh Bhd (XKLS:0312) Return-on-Tangible-Asset : 1.73% (As of Mar. 2025)


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What is Ocean Fresh 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. Ocean Fresh Bhd's annualized Net Income for the quarter that ended in Mar. 2025 was RM1.4 Mil. Ocean Fresh Bhd's average total tangible assets for the quarter that ended in Mar. 2025 was RM78.9 Mil. Therefore, Ocean Fresh Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 1.73%.

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

XKLS:0312' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.39   Med: 7.93   Max: 11.89
Current: 0.39

During the past 5 years, Ocean Fresh Bhd's highest Return-on-Tangible-Asset was 11.89%. The lowest was 0.39%. And the median was 7.93%.

XKLS:0312's Return-on-Tangible-Asset is ranked worse than
71.72% of 1934 companies
in the Consumer Packaged Goods industry
Industry Median: 3.625 vs XKLS:0312: 0.39

Ocean Fresh Bhd Return-on-Tangible-Asset Historical Data

The historical data trend for Ocean Fresh 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.

Ocean Fresh Bhd Return-on-Tangible-Asset Chart

Ocean Fresh Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
5.12 7.93 10.42 11.89 2.68

Ocean Fresh Bhd Quarterly Data
Dec20 Dec21 Dec22 Dec23 Mar24 Sep24 Dec24 Mar25
Return-on-Tangible-Asset Get a 7-Day Free Trial - 15.78 1.11 -1.27 1.73

Competitive Comparison of Ocean Fresh Bhd's Return-on-Tangible-Asset

For the Packaged Foods subindustry, Ocean Fresh 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.


Ocean Fresh Bhd's Return-on-Tangible-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ocean Fresh Bhd's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Ocean Fresh Bhd's Return-on-Tangible-Asset falls into.


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Ocean Fresh Bhd Return-on-Tangible-Asset Calculation

Ocean Fresh Bhd's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=1.919/( (63.006+80.191)/ 2 )
=1.919/71.5985
=2.68 %

Ocean Fresh Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=1.364/( (80.191+77.636)/ 2 )
=1.364/78.9135
=1.73 %

* 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. 2025) net income data.


Ocean Fresh Bhd  (XKLS:0312) 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.


Ocean Fresh Bhd Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Ocean Fresh Bhd's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Ocean Fresh Bhd Business Description

Traded in Other Exchanges
N/A
Address
Lot 19869, Kampung Baru Peramu, Kuantan, PHG, MYS, 26060
Ocean Fresh Bhd is an investment holding company and through its subsidiaries, It is engaged in the processing and trading of frozen seafood products and frozen seafood processing services. Its processing and trading of frozen seafood products includes Molluscs mainly comprised cuttlefish, squid, octopus and ark shell meat, Fishes mainly comprised tuna, bonito, leatherjacket, mackerel, ribbonfish, pomfret and other types of fishes and Others mainly comprised sea cucumber, prawn and abalone. Geographically, it operates in Malaysia, China, Turkey, Thailand, Vietnam, Japan, United States, Philippine, Italy, and Others.

Ocean Fresh Bhd Headlines

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