Go Innovate Asia BhdXKLS:03028 Return-on-Tangible-Equity is 36.04% as of Jun. 2025, which is 397% above its 10-year median of 7.25. The stock has 3 warning signs investors should review.
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. Go Innovate Asia Bhd's annualized net income for the quarter that ended in Jun. 2025 was RM4 Mil. Go Innovate Asia Bhd's average shareholder tangible equity for the quarter that ended in Jun. 2025 was RM11 Mil. Therefore, Go Innovate Asia Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2025 was 36.04%.
The historical rank and industry rank for Go Innovate Asia Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:03028'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -85.86 Med: 7.25 Max: 50.59
Current: -69.78
During the past 8 years, Go Innovate Asia Bhd's highest Return-on-Tangible-Equity was 50.59%. The lowest was -85.86%. And the median was 7.25%.
XKLS:03028's Return-on-Tangible-Equity is not ranked
in the Capital Markets industry.
Industry Median: 6.56
vs XKLS:03028: -69.78
Go Innovate Asia Bhd (XKLS:03028) 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.
Go Innovate Asia Bhd Return-on-Tangible-Equity Related Terms
Go Innovate Asia Bhd Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Go Innovate Asia Bhd'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.
Go Innovate Asia Bhd Return-on-Tangible-Equity Chart
XKLS:03028 vs MS, GS, SCHW: Return-on-Tangible-Equity Comparison
For the Capital Markets subindustry, Go Innovate Asia Bhd'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.
Go Innovate Asia Bhd Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Go Innovate Asia Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Go Innovate Asia Bhd's Return-on-Tangible-Equity 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-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 (Jun. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 36.04% mean?
Go Innovate Asia Bhd (XKLS:03028) has a Return-on-Tangible-Equity of 36.04% as of Jun. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Go Innovate Asia Bhd and its competitors. This is 397% above median its historical median of 7.25.
Is Go Innovate Asia Bhd's Return-on-Tangible-Equity too high?
Go Innovate Asia Bhd's current Return-on-Tangible-Equity of 36.04% is 397% above median its 10-year median of 7.25. The Capital Markets industry median Return-on-Tangible-Equity is 6.56. Go Innovate Asia Bhd's value of 36.04% is 449.4% above this industry median.
How does Go Innovate Asia Bhd's Return-on-Tangible-Equity compare to MS and GS?
Go Innovate Asia Bhd's Return-on-Tangible-Equity of 36.04% can be compared against companies in the Capital Markets industry. The industry median Return-on-Tangible-Equity is 6.56. Go Innovate Asia Bhd's value of 36.04% is 449.4% above this benchmark. While the company's 10-year median is 7.25 vs. the industry median of 6.56, Go Innovate Asia 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-Equity for a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.56, based on 779 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. Go Innovate Asia Bhd's current Return-on-Tangible-Equity of 36.04% is 449.4% 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-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 Go Innovate Asia Bhd and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Go Innovate Asia Bhd's current Return-on-Tangible-Equity is 36.04%, which is 397% above median its own 10-year median of 7.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Go Innovate Asia Bhd stock overvalued right now?
Go Innovate Asia Bhd (XKLS:03028) has a current Return-on-Tangible-Equity of 36.04%. The stock's GF Value™ is RM0.38, compared to a current price of RM0.03 — trading 92.1% below its estimated fair value. The current Return-on-Tangible-Equity is 36.04%, which is 397% above median its 10-year median of 7.25 and 449.4% above the Capital Markets industry median of 6.56. 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 Go Innovate Asia Bhd (XKLS:03028), the current Return-on-Tangible-Equity is 36.04% as of Jun. 2025. 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.
Go Innovate Asia Bhd is investment holding company. The principal activities of its subsidiaries include trading in precious metals, provide services relating to the online precious metals trading platform and such other business which are necessary for and/or incident to the aforesaid business, developing information technology (IT), dealing and trading in providing information, communication and technology (ICT) services and consultancy, deal, trade and provide software research and development businesses, technical testing and analysis, assaying and refining of precious metals, and promoting and marketing all kinds of gold products.
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