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Bright Packaging Industry Bhd (XKLS:9938) Return-on-Tangible-Asset : 2.94% (As of Feb. 2025)


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What is Bright Packaging Industry Bhd Return-on-Tangible-Asset?

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. Bright Packaging Industry Bhd's annualized Net Income for the quarter that ended in Feb. 2025 was RM3.95 Mil. Bright Packaging Industry Bhd's average total tangible assets for the quarter that ended in Feb. 2025 was RM134.41 Mil. Therefore, Bright Packaging Industry Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2025 was 2.94%.

The historical rank and industry rank for Bright Packaging Industry Bhd's Return-on-Tangible-Asset or its related term are showing as below:

XKLS:9938' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.66   Med: -0.14   Max: 3.91
Current: 3.91

During the past 13 years, Bright Packaging Industry Bhd's highest Return-on-Tangible-Asset was 3.91%. The lowest was -2.66%. And the median was -0.14%.

XKLS:9938's Return-on-Tangible-Asset is ranked better than
56.93% of 404 companies
in the Packaging & Containers industry
Industry Median: 3.275 vs XKLS:9938: 3.91

Bright Packaging Industry Bhd Return-on-Tangible-Asset Historical Data

The historical data trend for Bright Packaging Industry 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.

* Premium members only.

Bright Packaging Industry Bhd Return-on-Tangible-Asset Chart

Bright Packaging Industry Bhd Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.94 -2.06 -1.98 3.79 1.93

Bright Packaging Industry Bhd Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.88 2.07 5.40 5.21 2.94

Competitive Comparison of Bright Packaging Industry Bhd's Return-on-Tangible-Asset

For the Packaging & Containers subindustry, Bright Packaging Industry 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.


Bright Packaging Industry Bhd's Return-on-Tangible-Asset Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Bright Packaging Industry Bhd's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Bright Packaging Industry Bhd's Return-on-Tangible-Asset falls into.


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Bright Packaging Industry Bhd Return-on-Tangible-Asset Calculation

Bright Packaging Industry Bhd's annualized Return-on-Tangible-Asset for the fiscal year that ended in Aug. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Aug. 2024 )  (A: Aug. 2023 )(A: Aug. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Aug. 2024 )  (A: Aug. 2023 )(A: Aug. 2024 )
=2.562/( (133.118+131.927)/ 2 )
=2.562/132.5225
=1.93 %

Bright Packaging Industry Bhd's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Feb. 2025 )  (Q: Nov. 2024 )(Q: Feb. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Feb. 2025 )  (Q: Nov. 2024 )(Q: Feb. 2025 )
=3.948/( (134.09+134.723)/ 2 )
=3.948/134.4065
=2.94 %

* 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 (Feb. 2025) net income data.


Bright Packaging Industry Bhd  (XKLS:9938) 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 company’s 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 company’s 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.


Bright Packaging Industry Bhd Return-on-Tangible-Asset Related Terms

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Bright Packaging Industry Bhd Business Description

Traded in Other Exchanges
N/A
Address
No. 23, Jalan Delima 1/3, Subang Hi-Tech Industrial Park, Shah Alam, SGR, MYS, 40000
Bright Packaging Industry Bhd is a manufacturer of aluminum foil laminate within Malaysia. The company is engaged in the manufacturing and printing of aluminum foil packaging materials for the tobacco, liquor, confectionaries, and pharmaceutical industry. It offers a range of services, including lamination, slitting, ink matching, and coating or lacquering. Its products include aluminum foil and metallized film laminate to tissue/woodfree/board and inner frame, and also exports to other countries. Geographically the company generates its revenue from Indonesia, Malaysia, Thailand, Korea, Russia, Phillippines.

Bright Packaging Industry Bhd Headlines

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