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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. T.C.J. Asia PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿70 Mil.
T.C.J. Asia PCL's average Total Assets over the quarter that ended in Mar. 2026 was ฿2,508 Mil. Therefore, T.C.J. Asia PCL's annualized ROA % for the quarter that ended in Mar. 2026 was 2.78%.
The historical rank and industry rank for T.C.J. Asia PCL's ROA % or its related term are showing as below:
BKK:TCJ'
s ROA % Range Over the Past 10 Years
Min: -2.29 Med: -0.17 Max: 1.02
Current: 0.5
During the past 13 years, T.C.J. Asia PCL's highest ROA % was 1.02%. The lowest was -2.29%. And the median was -0.17%.
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % 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. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
T.C.J. Asia PCL ROA % Related Terms
T.C.J. Asia PCL ROA % Historical Data
* Premium members only.
The historical data trend for T.C.J. Asia PCL's ROA % 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.
For the Farm & Heavy Construction Machinery subindustry, T.C.J. Asia PCL's ROA %, along with its competitors' market caps and ROA % 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.
T.C.J. Asia PCL ROA % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, T.C.J. Asia PCL's ROA % distribution charts can be found below:
* The bar in red indicates where T.C.J. Asia PCL's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
T.C.J. Asia PCL (BKK:TCJ) has a ROA % of 2.78% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on T.C.J. Asia PCL and its competitors. According to the industry distribution chart, T.C.J. Asia PCL ranks #156 out of 212 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 73.6%.
Is T.C.J. Asia PCL's ROA % too high?
T.C.J. Asia PCL's current ROA % is 2.78%. The Farm & Heavy Construction Machinery industry median ROA % is 3.81. T.C.J. Asia PCL's value of 2.78% is 27% below this industry median. Based on the distribution chart, T.C.J. Asia PCL ranks #156 out of 212 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, T.C.J. Asia PCL has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does T.C.J. Asia PCL's ROA % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, T.C.J. Asia PCL ranks #156 out of 212 companies for ROA %. This places T.C.J. Asia PCL in the lower half of its industry. The industry median ROA % is 3.81. T.C.J. Asia PCL's value of 2.78% is 27% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Farm & Heavy Construction Machinery company?
The median ROA % among Farm & Heavy Construction Machinery companies is 3.81, based on 212 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. T.C.J. Asia PCL's current ROA % of 2.78% is 27% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on T.C.J. Asia PCL and its competitors. For the Farm & Heavy Construction Machinery industry, the median ROA % is 3.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. T.C.J. Asia PCL's current ROA % is 2.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is T.C.J. Asia PCL stock overvalued right now?
Based on GuruFocus' analysis, T.C.J. Asia PCL (BKK:TCJ) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.89, compared to a current price of ฿2.46 — trading 14.9% below its estimated fair value. The current ROA % is 2.78% and 27% below the Farm & Heavy Construction Machinery industry median of 3.81. T.C.J. Asia PCL's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For T.C.J. Asia PCL (BKK:TCJ), the current ROA % is 2.78% 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 T.C.J. Asia PCL (BKK:TCJ) Overvalued in 2026?
Based on GuruFocus' analysis, T.C.J. Asia PCL stock appears to be undervalued.
The current stock price of ฿2.46 is trading 14.9% below its estimated GF Value™ of ฿2.89.
GuruFocus considers T.C.J. Asia PCL to be Modestly Undervalued.
Key valuation signals for BKK:TCJ:
ROA %: 2.78%
GF Value™: ฿2.89 vs. price of ฿2.46 (14.9% below fair value)
Industry Position: 27% below the Farm & Heavy Construction Machinery median (#156 of 212)
No single metric tells the full story. See the BKK:TCJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
T.C.J. Asia PCL is engaged in the import business and distribution of machinery and lifting equipment for construction work, and loading and unloading services like tractors, wheel loaders, excavator and cranes and stainless-steel plate and construction contractor. The business segments of the company are Sales of cranes, road rollers and tractors and equipment, road rollers and tractors, and equipment, Rental and repair services of crane and trucks, Manufacturing and distribution of stainless steel pipes, Trading of stainless steel, Installation work, and Others. The group generates the majority of the revenue from the Manufacturing and distribution of stainless steel pipes segment and mainly operates in Thailand.
60GF Score
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