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Saliran Group BhdXKLS:0346 +2.70%12 Return-on-Tangible-Asset is 4.43% as of Mar. 2026, which is 34% below its 10-year median of 6.72. GuruFocus rates XKLS:0346 with a GF Score™ of 12/100. The stock has 1 warning sign investors should review. Among 634 Steel companies, Saliran Group Bhd ranks better than 71.29% 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. Saliran Group Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM11.1 Mil. Saliran Group Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM250.9 Mil. Therefore, Saliran Group Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 4.43%.
The historical rank and industry rank for Saliran Group Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:0346'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.36 Med: 6.72 Max: 7.98
Current: 4.36
During the past 5 years, Saliran Group Bhd's highest Return-on-Tangible-Asset was 7.98%. The lowest was 4.36%. And the median was 6.72%.
XKLS:0346's Return-on-Tangible-Asset is ranked better than 71.29% of 634
companies
in the Steel industry
Industry Median: 2.055
vs XKLS:0346: 4.36
Saliran Group Bhd (XKLS:0346) 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.
Saliran Group Bhd Return-on-Tangible-Asset Related Terms
Saliran Group Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Saliran Group 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.
XKLS:0346 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Saliran Group 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.
Saliran Group Bhd Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Saliran Group Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Saliran Group 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 4.43% mean?
Saliran Group Bhd (XKLS:0346) has a Return-on-Tangible-Asset of 4.43% 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 Saliran Group Bhd and its competitors. This is 34% below median its historical median of 6.72. Over the past decade, Saliran Group Bhd's Return-on-Tangible-Asset has ranged from 4.36 to 7.98. According to the industry distribution chart, Saliran Group Bhd ranks #182 out of 634 companies in the Steel industry, placing it in the top 28.7%.
Is Saliran Group Bhd's Return-on-Tangible-Asset too high?
Saliran Group Bhd's current Return-on-Tangible-Asset of 4.43% is 34% below median its 10-year median of 6.72. Over the past 10 years, this metric has ranged from a low of 4.36 to a high of 7.98. The Steel industry median Return-on-Tangible-Asset is 2.06. Saliran Group Bhd's value of 4.43% is 115.6% above this industry median. Based on the distribution chart, Saliran Group Bhd ranks #182 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, Saliran Group Bhd has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Saliran Group Bhd's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Saliran Group Bhd ranks #182 out of 634 companies for Return-on-Tangible-Asset. This puts Saliran Group Bhd in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.06. Saliran Group Bhd's value of 4.43% is 115.6% above this benchmark. Historically, Saliran Group Bhd's own Return-on-Tangible-Asset has ranged from 4.36 to 7.98 over the past decade. While the company's 10-year median is 6.72 vs. the industry median of 2.06, Saliran Group 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.06, based on 634 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. Saliran Group Bhd's current Return-on-Tangible-Asset of 4.43% is 115.6% 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 Saliran Group Bhd and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saliran Group Bhd's current Return-on-Tangible-Asset is 4.43%, which is 34% below median its own 10-year median of 6.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saliran Group Bhd stock overvalued right now?
Saliran Group Bhd (XKLS:0346) has a current Return-on-Tangible-Asset of 4.43%. The current Return-on-Tangible-Asset is 4.43%, which is 34% below median its 10-year median of 6.72 and 115.6% above the Steel industry median of 2.06. Saliran Group Bhd's overall GF Score™ is 12/100 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 Saliran Group Bhd (XKLS:0346), the current Return-on-Tangible-Asset is 4.43% 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.
Saliran Group Bhd is involved in the supply and distribution of pipes, fittings, flanges, and related parts and accessories, as well as steel products, where its products are used in the oil and gas industry. It also manufactures fittings and flanges to complement its supply and distribution business. Its products are Pipes, fittings and flanges as well as related parts and accessories, which are used for the transfer of fluid and gaseous substances in production and refining/processing activities; and Steel products, which include steel beams, steel bars, steel plates and steel sections which are used as structural support for the installation of its pipes, fittings and flanges and/or for the construction of process plants. It derives the majority of its revenue from the Trading segment.
12GF Score
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