Smart Asia Chemical BhdXKLS:0306 31 Return-on-Tangible-Equity is 11.17% as of Mar. 2026, which is 24% below its 10-year median of 14.72. GuruFocus rates XKLS:0306 with a GF Score™ of 31/100. The stock has 7 warning signs investors should review. Among 1,567 Chemicals companies, Smart Asia Chemical Bhd ranks worse than 63.56% 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. Smart Asia Chemical Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM12.73 Mil. Smart Asia Chemical Bhd's average shareholder tangible equity for the quarter that ended in Mar. 2026 was RM113.94 Mil. Therefore, Smart Asia Chemical Bhd's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.17%.
The historical rank and industry rank for Smart Asia Chemical Bhd's Return-on-Tangible-Equity or its related term are showing as below:
XKLS:0306'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.93 Med: 14.72 Max: 22.92
Current: 3.04
During the past 6 years, Smart Asia Chemical Bhd's highest Return-on-Tangible-Equity was 22.92%. The lowest was 0.93%. And the median was 14.72%.
XKLS:0306's Return-on-Tangible-Equity is ranked worse than 63.56% of 1567
companies
in the Chemicals industry
Industry Median: 5.7
vs XKLS:0306: 3.04
Smart Asia Chemical Bhd (XKLS:0306) 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.
Smart Asia Chemical Bhd Return-on-Tangible-Equity Related Terms
Smart Asia Chemical Bhd Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Smart Asia Chemical 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.
Smart Asia Chemical Bhd Return-on-Tangible-Equity Chart
XKLS:0306 vs LIN, SHW, ECL: Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, Smart Asia Chemical 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.
Smart Asia Chemical Bhd Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Smart Asia Chemical Bhd's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Smart Asia Chemical 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 four times the quarterly (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 11.17% mean?
Smart Asia Chemical Bhd (XKLS:0306) has a Return-on-Tangible-Equity of 11.17% 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 Smart Asia Chemical Bhd and its competitors. This is 24% below median its historical median of 14.72. Over the past decade, Smart Asia Chemical Bhd's Return-on-Tangible-Equity has ranged from 0.93 to 22.92. According to the industry distribution chart, Smart Asia Chemical Bhd ranks #996 out of 1567 companies in the Chemicals industry, placing it in the top 63.6%.
Is Smart Asia Chemical Bhd's Return-on-Tangible-Equity too high?
Smart Asia Chemical Bhd's current Return-on-Tangible-Equity of 11.17% is 24% below median its 10-year median of 14.72. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 22.92. The Chemicals industry median Return-on-Tangible-Equity is 5.70. Smart Asia Chemical Bhd's value of 11.17% is 96% above this industry median. Based on the distribution chart, Smart Asia Chemical Bhd ranks #996 out of 1567 companies in the Chemicals industry, which is below the industry midpoint. Overall, Smart Asia Chemical Bhd has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Smart Asia Chemical Bhd's Return-on-Tangible-Equity compare to LIN and SHW?
According to the Chemicals industry distribution chart, Smart Asia Chemical Bhd ranks #996 out of 1567 companies for Return-on-Tangible-Equity. This places Smart Asia Chemical Bhd in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.70. Smart Asia Chemical Bhd's value of 11.17% is 96% above this benchmark. Historically, Smart Asia Chemical Bhd's own Return-on-Tangible-Equity has ranged from 0.93 to 22.92 over the past decade. While the company's 10-year median is 14.72 vs. the industry median of 5.70, Smart Asia Chemical 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.70, based on 1,567 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. Smart Asia Chemical Bhd's current Return-on-Tangible-Equity of 11.17% is 96% 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 Smart Asia Chemical Bhd and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Asia Chemical Bhd's current Return-on-Tangible-Equity is 11.17%, which is 24% below median its own 10-year median of 14.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Asia Chemical Bhd stock overvalued right now?
Smart Asia Chemical Bhd (XKLS:0306) has a current Return-on-Tangible-Equity of 11.17%. The current Return-on-Tangible-Equity is 11.17%, which is 24% below median its 10-year median of 14.72 and 96% above the Chemicals industry median of 5.70. Smart Asia Chemical Bhd's overall GF Score™ is 31/100 with 7 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 Smart Asia Chemical Bhd (XKLS:0306), the current Return-on-Tangible-Equity is 11.17% 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.
Smart Asia Chemical Bhd is an investment holding company. Through its subsidiaries, it is involved in the development, manufacturing, distribution, and sale of decorative paints and protective coatings for household and industrial applications. Also involved in the development, manufacturing, distribution and sale of related products, namely colourants, and binding and coating chemicals; sale and trading of painting tools and accessories, aerosol spray paints and other related products to complement decorative paints and protective coatings offerings, ODM services of decorative paints, protective coatings as well as binding and coating chemicals for third party brand owners. Company has three segments manufacturing, sale and trading and other.
31GF Score
Get the complete analysis for XKLS:0306
Return-on-Tangible-Equity 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:0306 has been successfully added to your 
