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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. Comfort Gloves Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM-25.5 Mil. Comfort Gloves Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM744.4 Mil. Therefore, Comfort Gloves Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -3.42%.
The historical rank and industry rank for Comfort Gloves Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:2127'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -16.96 Med: 7.2 Max: 44.14
Current: -16.9
During the past 13 years, Comfort Gloves Bhd's highest Return-on-Tangible-Asset was 44.14%. The lowest was -16.96%. And the median was 7.20%.
XKLS:2127's Return-on-Tangible-Asset is ranked worse than 94.11% of 1612
companies
in the Chemicals industry
Industry Median: 3.075
vs XKLS:2127: -16.90
Comfort Gloves Bhd (XKLS:2127) 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.
Comfort Gloves Bhd Return-on-Tangible-Asset Related Terms
Comfort Gloves Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Comfort Gloves 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:2127 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Comfort Gloves 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.
Comfort Gloves Bhd Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Comfort Gloves Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Comfort Gloves 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 -3.42% mean?
Comfort Gloves Bhd (XKLS:2127) has a Return-on-Tangible-Asset of -3.42% 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 Comfort Gloves Bhd and its competitors. According to the industry distribution chart, Comfort Gloves Bhd ranks #1517 out of 1612 companies in the Chemicals industry, placing it in the top 94.1%.
Is Comfort Gloves Bhd's Return-on-Tangible-Asset too high?
Comfort Gloves Bhd's current Return-on-Tangible-Asset is -3.42%. Based on the distribution chart, Comfort Gloves Bhd ranks #1517 out of 1612 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Comfort Gloves Bhd has a GF Score™ of 31/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Comfort Gloves Bhd's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Comfort Gloves Bhd ranks #1517 out of 1612 companies for Return-on-Tangible-Asset. This places Comfort Gloves Bhd in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.08. 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.08, based on 1,612 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. 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 Comfort Gloves Bhd and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comfort Gloves Bhd's current Return-on-Tangible-Asset is -3.42%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comfort Gloves Bhd stock overvalued right now?
Based on GuruFocus' analysis, Comfort Gloves Bhd (XKLS:2127) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.25, compared to a current price of RM0.14 — trading 46% below its estimated fair value. The current Return-on-Tangible-Asset is -3.42%. Comfort Gloves Bhd's overall GF Score™ is 31/100 with 2 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 Comfort Gloves Bhd (XKLS:2127), the current Return-on-Tangible-Asset is -3.42% 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.
Is Comfort Gloves Bhd (XKLS:2127) Overvalued in 2026?
Based on GuruFocus' analysis, Comfort Gloves Bhd stock appears to be undervalued.
The current stock price of RM0.14 is trading 46% below its estimated GF Value™ of RM0.25.
GuruFocus considers Comfort Gloves Bhd to be Possible Value Trap.
Key valuation signals for XKLS:2127:
Return-on-Tangible-Asset: -3.42%
GF Value™: RM0.25 vs. price of RM0.14 (46% below fair value)
No single metric tells the full story. See the XKLS:2127 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Comfort Gloves Bhd is engaged in the manufacturing and trading of nitrile and latex gloves. The operating segments of the company include Manufacturing engaged in manufacturing and trading of latex gloves; Investment holding engaged in investment holding and provision of management services; Trading engaged in trading of latex gloves; and Others. Majority of the revenue is derived from the Manufacturing segment. Geographically, it operates in Malaysia, United States of America and Canada, Asia (excluding Malaysia), Europe, and Others with Majority of the revenue deriving from United States of America and Canada.
31GF Score
Get the complete analysis for XKLS:2127
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