Golden Resources Development International (HKSE:00677) Return-on-Tangible-Equity: 8.14% (As of Mar. 2026) — 186% Above Median

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HKSE:00677 Golden Resources Development International Ltd HKSE:00677
55 GF Score
Price HK$0.35
GF Value HK$0.41
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Golden Resources Development International Return-on-Tangible-Equity?

Golden Resources Development International HKSE:00677 55 Return-on-Tangible-Equity is 8.14% as of Mar. 2026, which is 186% above its 10-year median of 2.85. GuruFocus rates HKSE:00677 with a GF Score™ of 55/100 and a GF Value™ of HK$0.41 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 298 Retail - Defensive companies, Golden Resources Development International ranks worse than 76.85% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Golden Resources Development International's annualized net income for the quarter that ended in Mar. 2026 was HK$104 Mil. Golden Resources Development International's average shareholder tangible equity for the quarter that ended in Mar. 2026 was HK$1,278 Mil. Therefore, Golden Resources Development International's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 8.14%.

The historical rank and industry rank for Golden Resources Development International's Return-on-Tangible-Equity or its related term are showing as below:

HKSE:00677' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1.93   Med: 2.85   Max: 11.14
Current: 2.15

During the past 13 years, Golden Resources Development International's highest Return-on-Tangible-Equity was 11.14%. The lowest was -1.93%. And the median was 2.85%.

HKSE:00677's Return-on-Tangible-Equity is ranked worse than
76.85% of 298 companies
in the Retail - Defensive industry
Industry Median: 11.1 vs HKSE:00677: 2.15

Golden Resources Development International  (HKSE:00677) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Golden Resources Development International Return-on-Tangible-Equity Related Terms


Golden Resources Development International Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Golden Resources Development International's Return-on-Tangible-Equity 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.

Golden Resources Development International Return-on-Tangible-Equity Chart

Golden Resources Development International Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.67 11.14 8.56 -1.14 2.15

Golden Resources Development International Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Return-on-Tangible-Equity 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 3.89 -0.72 -1.56 -3.95 8.14

HKSE:00677 vs SYY, USFD, PFGC: Return-on-Tangible-Equity Comparison

For the Food Distribution subindustry, Golden Resources Development International's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.


Golden Resources Development International Return-on-Tangible-Equity vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Golden Resources Development International's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Golden Resources Development International's Return-on-Tangible-Equity falls into.


HKSE:00677
55GF Score
Golden Resources Development International Ltd HKSE:00677
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Golden Resources Development International Return-on-Tangible-Equity Calculation

Golden Resources Development International's annualized Return-on-Tangible-Equity for the fiscal year that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=27.233/( (1239.76+1288.18 )/ 2 )
=27.233/1263.97
=2.15 %

Golden Resources Development International's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Sep. 2025 )(Q: Mar. 2026 )
=103.946/( (1267.039+1288.18)/ 2 )
=103.946/1277.6095
=8.14 %

* 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Mar. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of 8.14% mean?
Golden Resources Development International (HKSE:00677) has a Return-on-Tangible-Equity of 8.14% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Golden Resources Development International and its competitors. This is 186% above median its historical median of 2.85. According to the industry distribution chart, Golden Resources Development International ranks #229 out of 298 companies in the Retail - Defensive industry, placing it in the top 76.8%.
Is Golden Resources Development International's Return-on-Tangible-Equity too high?
Golden Resources Development International's current Return-on-Tangible-Equity of 8.14% is 186% above median its 10-year median of 2.85. The Retail - Defensive industry median Return-on-Tangible-Equity is 11.10. Golden Resources Development International's value of 8.14% is 26.7% below this industry median. Based on the distribution chart, Golden Resources Development International ranks #229 out of 298 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Golden Resources Development International has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Golden Resources Development International's Return-on-Tangible-Equity compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Golden Resources Development International ranks #229 out of 298 companies for Return-on-Tangible-Equity. This places Golden Resources Development International in the lower half of its industry. The industry median Return-on-Tangible-Equity is 11.10. Golden Resources Development International's value of 8.14% is 26.7% below this benchmark. While the company's 10-year median is 2.85 vs. the industry median of 11.10, Golden Resources Development International has consistently been below 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-Equity for a Retail - Defensive company?
The median Return-on-Tangible-Equity among Retail - Defensive companies is 11.10, based on 298 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Golden Resources Development International's current Return-on-Tangible-Equity of 8.14% is 26.7% below 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Golden Resources Development International and its competitors. For the Retail - Defensive industry, the median Return-on-Tangible-Equity is 11.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Resources Development International's current Return-on-Tangible-Equity is 8.14%, which is 186% above median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Resources Development International stock overvalued right now?
Based on GuruFocus' analysis, Golden Resources Development International (HKSE:00677) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.41, compared to a current price of HK$0.35 — trading 14.6% below its estimated fair value. The current Return-on-Tangible-Equity is 8.14%, which is 186% above median its 10-year median of 2.85 and 26.7% below the Retail - Defensive industry median of 11.10. Golden Resources Development International's overall GF Score™ is 55/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Golden Resources Development International (HKSE:00677), the current Return-on-Tangible-Equity is 8.14% 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 Golden Resources Development International (HKSE:00677) Overvalued in 2026?

Based on GuruFocus' analysis, Golden Resources Development International stock appears to be undervalued. The current stock price of HK$0.35 is trading 14.6% below its estimated GF Value™ of HK$0.41. GuruFocus considers Golden Resources Development International to be Modestly Undervalued.

Key valuation signals for HKSE:00677:

  • Return-on-Tangible-Equity: 8.14% (186% above median its 10-year median of 2.85)
  • GF Value™: HK$0.41 vs. price of HK$0.35 (14.6% below fair value)
  • GF Score™: 55/100 with 8 warning signs
  • Industry Position: 26.7% below the Retail - Defensive median (#229 of 298)

No single metric tells the full story. See the HKSE:00677 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Golden Resources Development International Business Description

Address No. 218 Jaffe Road, 29th Floor, Golden Resources Centre, Wan Chai, Hong Kong, HKG
Golden Resources Development International Ltd is an investment holding company. The company is engaged in the business of sourcing, importing, wholesaling, processing, packaging, marketing and distribution of rice and food products, convenience store operation, packaging materials operation, securities investment, property investment retailtainment and investment holding. The company's operating segment includes Convenience store operation; Food operation; Packaging materials operation; Securities investment; Property investment; Retailtainment; and Corporate and others. It generates maximum revenue from the Convenience store operation segment. Geographically, it derives a majority of revenue from Vietnam and also has a presence in Hong Kong and Mainland China and Other regions.
55GF Score

Get the complete analysis for HKSE:00677

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.35
Price
HK$0.41
GF Value