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Southern Acids (M) BhdXKLS:5134 69 Return-on-Tangible-Asset is 9.34% as of Mar. 2026, which is 131% above its 10-year median of 4.04. GuruFocus rates XKLS:5134 with a GF Score™ of 69/100 and a GF Value™ of RM2.88 (Fairly Valued). The stock has 4 warning signs investors should review. Among 568 Conglomerates companies, Southern Acids (M) Bhd ranks better than 59.86% 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. Southern Acids (M) Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM94.2 Mil. Southern Acids (M) Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM1,008.7 Mil. Therefore, Southern Acids (M) Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.34%.
The historical rank and industry rank for Southern Acids (M) Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:5134'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 1.37 Med: 4.04 Max: 10.61
Current: 3.71
During the past 13 years, Southern Acids (M) Bhd's highest Return-on-Tangible-Asset was 10.61%. The lowest was 1.37%. And the median was 4.04%.
XKLS:5134's Return-on-Tangible-Asset is ranked better than 59.86% of 568
companies
in the Conglomerates industry
Industry Median: 2.735
vs XKLS:5134: 3.71
Southern Acids (M) Bhd (XKLS:5134) 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.
Southern Acids (M) Bhd Return-on-Tangible-Asset Related Terms
Southern Acids (M) Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Southern Acids (M) 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.
Southern Acids (M) Bhd Return-on-Tangible-Asset Chart
XKLS:5134 vs MMM, HON: Return-on-Tangible-Asset Comparison
For the Conglomerates subindustry, Southern Acids (M) 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.
Southern Acids (M) Bhd Return-on-Tangible-Asset vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Southern Acids (M) Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Southern Acids (M) 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 9.34% mean?
Southern Acids (M) Bhd (XKLS:5134) has a Return-on-Tangible-Asset of 9.34% 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 Southern Acids (M) Bhd and its competitors. This is 131% above median its historical median of 4.04. Over the past decade, Southern Acids (M) Bhd's Return-on-Tangible-Asset has ranged from 1.37 to 10.61. According to the industry distribution chart, Southern Acids (M) Bhd ranks #228 out of 568 companies in the Conglomerates industry, placing it in the top 40.1%.
Is Southern Acids (M) Bhd's Return-on-Tangible-Asset too high?
Southern Acids (M) Bhd's current Return-on-Tangible-Asset of 9.34% is 131% above median its 10-year median of 4.04. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 10.61. The Conglomerates industry median Return-on-Tangible-Asset is 2.74. Southern Acids (M) Bhd's value of 9.34% is 241.5% above this industry median. Based on the distribution chart, Southern Acids (M) Bhd ranks #228 out of 568 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Southern Acids (M) Bhd has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Southern Acids (M) Bhd's Return-on-Tangible-Asset compare to MMM and HON?
According to the Conglomerates industry distribution chart, Southern Acids (M) Bhd ranks #228 out of 568 companies for Return-on-Tangible-Asset. This puts Southern Acids (M) Bhd in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.74. Southern Acids (M) Bhd's value of 9.34% is 241.5% above this benchmark. Historically, Southern Acids (M) Bhd's own Return-on-Tangible-Asset has ranged from 1.37 to 10.61 over the past decade. While the company's 10-year median is 4.04 vs. the industry median of 2.74, Southern Acids (M) 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 Conglomerates company?
The median Return-on-Tangible-Asset among Conglomerates companies is 2.74, based on 568 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. Southern Acids (M) Bhd's current Return-on-Tangible-Asset of 9.34% is 241.5% 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 Southern Acids (M) Bhd and its competitors. For the Conglomerates industry, the median Return-on-Tangible-Asset is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Acids (M) Bhd's current Return-on-Tangible-Asset is 9.34%, which is 131% above median its own 10-year median of 4.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Acids (M) Bhd stock overvalued right now?
Based on GuruFocus' analysis, Southern Acids (M) Bhd (XKLS:5134) is currently considered Fairly Valued. The stock's GF Value™ is RM2.88, compared to a current price of RM3.10 — trading 7.6% above its estimated fair value. The current Return-on-Tangible-Asset is 9.34%, which is 131% above median its 10-year median of 4.04 and 241.5% above the Conglomerates industry median of 2.74. Southern Acids (M) Bhd's overall GF Score™ is 69/100 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 Southern Acids (M) Bhd (XKLS:5134), the current Return-on-Tangible-Asset is 9.34% 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 Southern Acids (M) Bhd (XKLS:5134) Overvalued in 2026?
Based on GuruFocus' analysis, Southern Acids (M) Bhd stock appears to be overvalued.
The current stock price of RM3.10 is trading 7.6% above its estimated GF Value™ of RM2.88.
GuruFocus considers Southern Acids (M) Bhd to be Fairly Valued.
Key valuation signals for XKLS:5134:
Return-on-Tangible-Asset: 9.34% (131% above median its 10-year median of 4.04)
GF Value™: RM2.88 vs. price of RM3.10 (7.6% above fair value)
Industry Position: 241.5% above the Conglomerates median (#228 of 568)
No single metric tells the full story. See the XKLS:5134 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southern Acids (M) Bhd is an investment holding and the provision of a management service company. The company's operating segment includes Oleochemical; Healthcare; Milling and Cultivation and Investments and services. It generates maximum revenue from the Milling and Cultivation segment. The Oleochemical Segment is involved in the manufacturing and marketing of fatty acids and glycerine. Its Milling and Cultivation Segment is principally engaged in the processing of Fresh Fruit Bunches. Geographically, it has a presence in Malaysia, Indonesia, Europe, America, and Other Countries.
69GF Score
Get the complete analysis for XKLS:5134
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