Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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. Mycron Steel Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM-0.9 Mil. Mycron Steel Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM670.9 Mil. Therefore, Mycron Steel Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.13%.
The historical rank and industry rank for Mycron Steel Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:5087'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.81 Med: 2.36 Max: 8.09
Current: 1.04
During the past 13 years, Mycron Steel Bhd's highest Return-on-Tangible-Asset was 8.09%. The lowest was -1.81%. And the median was 2.36%.
XKLS:5087's Return-on-Tangible-Asset is ranked worse than 57.26% of 634
companies
in the Steel industry
Industry Median: 2.035
vs XKLS:5087: 1.04
Mycron Steel Bhd (XKLS:5087) 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.
Mycron Steel Bhd Return-on-Tangible-Asset Related Terms
Mycron Steel Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Mycron Steel 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:5087 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Mycron Steel 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.
Mycron Steel Bhd Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Mycron Steel Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Mycron Steel 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 -0.13% mean?
Mycron Steel Bhd (XKLS:5087) has a Return-on-Tangible-Asset of -0.13% 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 Mycron Steel Bhd and its competitors. According to the industry distribution chart, Mycron Steel Bhd ranks #363 out of 634 companies in the Steel industry, placing it in the top 57.3%.
Is Mycron Steel Bhd's Return-on-Tangible-Asset too high?
Mycron Steel Bhd's current Return-on-Tangible-Asset is -0.13%. Based on the distribution chart, Mycron Steel Bhd ranks #363 out of 634 companies in the Steel industry, which is below the industry midpoint. Overall, Mycron Steel Bhd has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mycron Steel Bhd's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Mycron Steel Bhd ranks #363 out of 634 companies for Return-on-Tangible-Asset. This places Mycron Steel Bhd in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.04. 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 2.04, 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. 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 Mycron Steel Bhd and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mycron Steel Bhd's current Return-on-Tangible-Asset is -0.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mycron Steel Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mycron Steel Bhd (XKLS:5087) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.31, compared to a current price of RM0.24 — trading 22.6% below its estimated fair value. The current Return-on-Tangible-Asset is -0.13%. Mycron Steel Bhd's overall GF Score™ is 42/100 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 Mycron Steel Bhd (XKLS:5087), the current Return-on-Tangible-Asset is -0.13% 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 Mycron Steel Bhd (XKLS:5087) Overvalued in 2026?
Based on GuruFocus' analysis, Mycron Steel Bhd stock appears to be undervalued.
The current stock price of RM0.24 is trading 22.6% below its estimated GF Value™ of RM0.31.
GuruFocus considers Mycron Steel Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5087:
Return-on-Tangible-Asset: -0.13%
GF Value™: RM0.31 vs. price of RM0.24 (22.6% below fair value)
No single metric tells the full story. See the XKLS:5087 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mycron Steel Bhd is involved in the manufacturing of accessories made from steel, steel tubes, and pipes. The company mainly involves in the manufacture of Cold rolled coil-related products used in automotive, electrical appliances, electronics, and construction industries; Steel tubes, and Others. Its product portfolio includes cold-rolled electrical sheets, galvanized zinc sheets, tin-plated sheets, and electro-galvanized iron sheets. The company's operating segment includes Cold rolled coil; Steel tube and others. It generates maximum revenue from the Cold rolled Coil following Steel Tube.
42GF Score
Get the complete analysis for XKLS:5087
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:5087 has been successfully added to your 
