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SIK Cheong Bhd (XKLS:0316) Return-on-Tangible-Asset : 6.74% (As of Mar. 2025)


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What is SIK Cheong 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. SIK Cheong Bhd's annualized Net Income for the quarter that ended in Mar. 2025 was RM3.10 Mil. SIK Cheong Bhd's average total tangible assets for the quarter that ended in Mar. 2025 was RM46.02 Mil. Therefore, SIK Cheong Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 6.74%.

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

XKLS:0316' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.1   Med: 16.38   Max: 26.01
Current: 0.1

During the past 5 years, SIK Cheong Bhd's highest Return-on-Tangible-Asset was 26.01%. The lowest was 0.10%. And the median was 16.38%.

XKLS:0316's Return-on-Tangible-Asset is ranked worse than
73.06% of 1934 companies
in the Consumer Packaged Goods industry
Industry Median: 3.62 vs XKLS:0316: 0.10

SIK Cheong Bhd Return-on-Tangible-Asset Historical Data

The historical data trend for SIK Cheong 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.

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SIK Cheong Bhd Return-on-Tangible-Asset Chart

SIK Cheong Bhd Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Return-on-Tangible-Asset
10.27 16.38 26.01 17.98 2.34

SIK Cheong Bhd Quarterly Data
Mar21 Mar22 Mar23 Mar24 Sep24 Dec24 Mar25
Return-on-Tangible-Asset Get a 7-Day Free Trial - - -19.13 12.72 6.74

Competitive Comparison of SIK Cheong Bhd's Return-on-Tangible-Asset

For the Packaged Foods subindustry, SIK Cheong 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.


SIK Cheong Bhd's Return-on-Tangible-Asset Distribution in the Consumer Packaged Goods Industry

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

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


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SIK Cheong Bhd Return-on-Tangible-Asset Calculation

SIK Cheong Bhd's annualized Return-on-Tangible-Asset for the fiscal year that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Mar. 2025 )  (A: Mar. 2024 )(A: Mar. 2025 )
=1.085/( (45.843+46.785)/ 2 )
=1.085/46.314
=2.34 %

SIK Cheong 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 )
=3.1/( (45.249+46.785)/ 2 )
=3.1/46.017
=6.74 %

* 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.


SIK Cheong Bhd  (XKLS:0316) 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.


SIK Cheong Bhd Return-on-Tangible-Asset Related Terms

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SIK Cheong Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 11, Jalan 6/14, Kampung Tasik Tambahan, Darul Ehsan, Ampang, SGR, MYS, 68000
SIK Cheong Bhd is involved in the repackaging, marketing and distribution of RBD palm olein oil products. Its products include RBD palm olein cooking oil, which are sold under brands, Sawit Emas and Vitamas, or sold unbranded and also sell RBD palm olein lamp oil under brand, Pingat Emas. The company products are consumed and used commercially and in households.

SIK Cheong Bhd Headlines

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