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.
Spritzer BhdXKLS:7103 -1.72%82 Return-on-Tangible-Asset is 10.32% as of Mar. 2026, which is 54% above its 10-year median of 6.72. GuruFocus rates XKLS:7103 with a GF Score™ of 82/100 and a GF Value™ of RM1.78 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 116 Beverages - Non-Alcoholic companies, Spritzer Bhd ranks better than 68.97% 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. Spritzer Bhd's annualizedNet Income for the quarter that ended in Mar. 2026 was RM89.4 Mil. Spritzer Bhd's average total tangible assets for the quarter that ended in Mar. 2026 was RM866.2 Mil. Therefore, Spritzer Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 10.32%.
The historical rank and industry rank for Spritzer Bhd's Return-on-Tangible-Asset or its related term are showing as below:
XKLS:7103'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.51 Med: 6.72 Max: 11.33
Current: 11.33
During the past 13 years, Spritzer Bhd's highest Return-on-Tangible-Asset was 11.33%. The lowest was 4.51%. And the median was 6.72%.
XKLS:7103's Return-on-Tangible-Asset is ranked better than 68.97% of 116
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 6.845
vs XKLS:7103: 11.33
Spritzer Bhd (XKLS:7103) 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.
Spritzer Bhd Return-on-Tangible-Asset Related Terms
Spritzer Bhd Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Spritzer 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:7103 vs KO, PEP, MNST: Return-on-Tangible-Asset Comparison
For the Beverages - Non-Alcoholic subindustry, Spritzer 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.
Spritzer Bhd Return-on-Tangible-Asset vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Spritzer Bhd's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Spritzer 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 10.32% mean?
Spritzer Bhd (XKLS:7103) has a Return-on-Tangible-Asset of 10.32% 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 Spritzer Bhd and its competitors. This is 54% above median its historical median of 6.72. Over the past decade, Spritzer Bhd's Return-on-Tangible-Asset has ranged from 4.51 to 11.33. According to the industry distribution chart, Spritzer Bhd ranks #36 out of 116 companies in the Beverages - Non-Alcoholic industry, placing it in the top 31%.
Is Spritzer Bhd's Return-on-Tangible-Asset too high?
Spritzer Bhd's current Return-on-Tangible-Asset of 10.32% is 54% above median its 10-year median of 6.72. Over the past 10 years, this metric has ranged from a low of 4.51 to a high of 11.33. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Asset is 6.85. Spritzer Bhd's value of 10.32% is 50.8% above this industry median. Based on the distribution chart, Spritzer Bhd ranks #36 out of 116 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, Spritzer Bhd has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Spritzer Bhd's Return-on-Tangible-Asset compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Spritzer Bhd ranks #36 out of 116 companies for Return-on-Tangible-Asset. This puts Spritzer Bhd in the upper half of its industry. The industry median Return-on-Tangible-Asset is 6.85. Spritzer Bhd's value of 10.32% is 50.8% above this benchmark. Historically, Spritzer Bhd's own Return-on-Tangible-Asset has ranged from 4.51 to 11.33 over the past decade. While the company's 10-year median is 6.72 vs. the industry median of 6.85, Spritzer 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 Beverages - Non-Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Non-Alcoholic companies is 6.85, based on 116 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. Spritzer Bhd's current Return-on-Tangible-Asset of 10.32% is 50.8% 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 Spritzer Bhd and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Asset is 6.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spritzer Bhd's current Return-on-Tangible-Asset is 10.32%, which is 54% above 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 Spritzer Bhd stock overvalued right now?
Based on GuruFocus' analysis, Spritzer Bhd (XKLS:7103) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.78, compared to a current price of RM2.85 — trading 60.1% above its estimated fair value. The current Return-on-Tangible-Asset is 10.32%, which is 54% above median its 10-year median of 6.72 and 50.8% above the Beverages - Non-Alcoholic industry median of 6.85. Spritzer Bhd's overall GF Score™ is 82/100 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 Spritzer Bhd (XKLS:7103), the current Return-on-Tangible-Asset is 10.32% 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 Spritzer Bhd (XKLS:7103) Overvalued in 2026?
Based on GuruFocus' analysis, Spritzer Bhd stock appears to be overvalued.
The current stock price of RM2.85 is trading 60.1% above its estimated GF Value™ of RM1.78.
GuruFocus considers Spritzer Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:7103:
Return-on-Tangible-Asset: 10.32% (54% above median its 10-year median of 6.72)
GF Value™: RM1.78 vs. price of RM2.85 (60.1% above fair value)
Industry Position: 50.8% above the Beverages - Non-Alcoholic median (#36 of 116)
No single metric tells the full story. See the XKLS:7103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spritzer Bhd is principally involved in the production and sale of natural mineral water, carbonated flavoured water, distilled water, drinking water and non-carbonated flavoured water, manufacturing and selling of PET preforms, PET bottles, caps, toothbrushes and other plastic products, distribution of bottled water and other consumer products, operator of a mini golf course, recreational park and retail of consumer products, property development and investment holding. The company operates through three segments Manufacturing, Trading, and Others. The company generates majority of revenue from Manufacturing segment. The company's main products includes Everyday Hydration, Sparking Hydration, Flavourful Hydration, etc.
82GF Score
Get the complete analysis for XKLS:7103
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:7103 has been successfully added to your 
