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Northern Solar Holdings BhdXKLS:0340 18 Return-on-Tangible-Asset is 10.42% as of Mar. 2026, which is 61% below its 10-year median of 26.91. GuruFocus rates XKLS:0340 with a GF Score™ of 18/100. The stock has 4 warning signs investors should review. Among 1,028 Semiconductors companies, Northern Solar Holdings Bhd ranks better than 87.84% 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. Northern Solar Holdings Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM12.4 Mil. Northern Solar Holdings Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM119.3 Mil. Therefore, Northern Solar Holdings Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.42%.
The historical rank and industry rank for Northern Solar Holdings Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:0340'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 13.83 Med: 26.91 Max: 30.39
Current: 14.05
During the past 5 years, Northern Solar Holdings Bhd's highest Return-on-Tangible-Asset was 30.39%. The lowest was 13.83%. And the median was 26.91%.
XKLS:0340's Return-on-Tangible-Asset is ranked better than 87.84% of 1028
companies
in the Semiconductors industry
Industry Median: 2.685
vs XKLS:0340: 14.05
Northern Solar Holdings Bhd (XKLS:0340) 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.
Northern Solar Holdings Bhd Return-on-Tangible-Asset Related Terms
Northern Solar Holdings Bhd Return-on-Tangible-Asset Historical Data
* 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.
Northern Solar Holdings Bhd Return-on-Tangible-Asset Chart
XKLS:0340 vs FSLR, NXT, ENPH: Return-on-Tangible-Asset Comparison
For the Solar subindustry, Northern Solar 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.
Northern Solar Holdings Bhd Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Northern Solar Holdings Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Northern Solar 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 10.42% mean?
Northern Solar Holdings Bhd (XKLS:0340) has a Return-on-Tangible-Asset of 10.42% 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 Northern Solar Holdings Bhd and its competitors. This is 61% below median its historical median of 26.91. Over the past decade, Northern Solar Holdings Bhd's Return-on-Tangible-Asset has ranged from 13.83 to 30.39. According to the industry distribution chart, Northern Solar Holdings Bhd ranks #125 out of 1028 companies in the Semiconductors industry, placing it in the top 12.2%.
Is Northern Solar Holdings Bhd's Return-on-Tangible-Asset too high?
Northern Solar Holdings Bhd's current Return-on-Tangible-Asset of 10.42% is 61% below median its 10-year median of 26.91. Over the past 10 years, this metric has ranged from a low of 13.83 to a high of 30.39. The Semiconductors industry median Return-on-Tangible-Asset is 2.69. Northern Solar Holdings Bhd's value of 10.42% is 288.1% above this industry median. Based on the distribution chart, Northern Solar Holdings Bhd ranks #125 out of 1028 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Northern Solar Holdings Bhd has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Northern Solar Holdings Bhd's Return-on-Tangible-Asset compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Northern Solar Holdings Bhd ranks #125 out of 1028 companies for Return-on-Tangible-Asset. This places Northern Solar Holdings Bhd in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.69. Northern Solar Holdings Bhd's value of 10.42% is 288.1% above this benchmark. Historically, Northern Solar Holdings Bhd's own Return-on-Tangible-Asset has ranged from 13.83 to 30.39 over the past decade. While the company's 10-year median is 26.91 vs. the industry median of 2.69, Northern Solar 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 a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.69, based on 1,028 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. Northern Solar Holdings Bhd's current Return-on-Tangible-Asset of 10.42% is 288.1% 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 Northern Solar Holdings Bhd and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northern Solar Holdings Bhd's current Return-on-Tangible-Asset is 10.42%, which is 61% below median its own 10-year median of 26.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northern Solar Holdings Bhd stock overvalued right now?
Northern Solar Holdings Bhd (XKLS:0340) has a current Return-on-Tangible-Asset of 10.42%. The current Return-on-Tangible-Asset is 10.42%, which is 61% below median its 10-year median of 26.91 and 288.1% above the Semiconductors industry median of 2.69. Northern Solar Holdings Bhd's overall GF Score™ is 18/100 with 4 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 Northern Solar Holdings Bhd (XKLS:0340), the current Return-on-Tangible-Asset is 10.42% 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.
Northern Solar Holdings Bhd Group is principally involved in the EPCC of solar PV systems, Generation of renewable energy, and O&M of solar PV equipment and systems. Its EPCC of solar PV systems involves the provision of engineering design and planning, procurement and supply, construction, installation, testing, and commissioning of solar PV systems for commercial, industrial, and residential buildings. The Group owns, operates, and maintains rooftop solar PV systems that generate and sell electricity to NEM and SELCO consumers in Peninsular Malaysia. Its O&M of solar PV equipment and systems involves providing O&M services for solar PV equipment and systems installed in commercial, industrial, & residential buildings. The majority of revenue is derived from the EPCC of solar PV systems.
18GF Score
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