Thantawan Industry PCLBKK:THIP-R 72 ROA % is 2.61% as of Mar. 2026, which is 79% below its 10-year median of 12.49. GuruFocus rates BKK:THIP-R with a GF Score™ of 72/100 and a GF Value™ of ฿36.74. The stock has 6 warning signs investors should review. Among 401 Packaging & Containers companies, Thantawan Industry PCL ranks better than 58.1% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Thantawan Industry PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿111 Mil.
Thantawan Industry PCL's average Total Assets over the quarter that ended in Mar. 2026 was ฿4,263 Mil. Therefore, Thantawan Industry PCL's annualized ROA % for the quarter that ended in Mar. 2026 was 2.61%.
The historical rank and industry rank for Thantawan Industry PCL's ROA % or its related term are showing as below:
BKK:THIP-R'
s ROA % Range Over the Past 10 Years
Min: 3.57 Med: 12.49 Max: 20.3
Current: 3.57
During the past 13 years, Thantawan Industry PCL's highest ROA % was 20.30%. The lowest was 3.57%. And the median was 12.49%.
BKK:THIP-R's ROA % is ranked better than 58.1% of 401
companies
in the Packaging & Containers industry
Industry Median: 2.67
vs BKK:THIP-R: 3.57
Thantawan Industry PCL (BKK:THIP-R) ROA % Explanation
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.
* 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 Packaging & Containers subindustry, Thantawan Industry 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.
Thantawan Industry PCL ROA % vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Thantawan Industry PCL's ROA % distribution charts can be found below:
* The bar in red indicates where Thantawan Industry 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.
Thantawan Industry PCL (BKK:THIP-R) has a ROA % of 2.61% 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 Thantawan Industry PCL and its competitors. This is 79% below median its historical median of 12.49. Over the past decade, Thantawan Industry PCL's ROA % has ranged from 3.57 to 20.30. According to the industry distribution chart, Thantawan Industry PCL ranks #168 out of 401 companies in the Packaging & Containers industry, placing it in the top 41.9%.
Is Thantawan Industry PCL's ROA % too high?
Thantawan Industry PCL's current ROA % of 2.61% is 79% below median its 10-year median of 12.49. Over the past 10 years, this metric has ranged from a low of 3.57 to a high of 20.30. The Packaging & Containers industry median ROA % is 2.67. Thantawan Industry PCL's value of 2.61% is 2.2% below this industry median. Based on the distribution chart, Thantawan Industry PCL ranks #168 out of 401 companies in the Packaging & Containers industry, which is above the industry midpoint. Overall, Thantawan Industry PCL has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Thantawan Industry PCL's ROA % compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Thantawan Industry PCL ranks #168 out of 401 companies for ROA %. This puts Thantawan Industry PCL in the upper half of its industry. The industry median ROA % is 2.67. Thantawan Industry PCL's value of 2.61% is 2.2% below this benchmark. Historically, Thantawan Industry PCL's own ROA % has ranged from 3.57 to 20.30 over the past decade. While the company's 10-year median is 12.49 vs. the industry median of 2.67, Thantawan Industry PCL 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 ROA % for a Packaging & Containers company?
The median ROA % among Packaging & Containers companies is 2.67, based on 401 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. Thantawan Industry PCL's current ROA % of 2.61% is 2.2% 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 Thantawan Industry PCL and its competitors. For the Packaging & Containers industry, the median ROA % is 2.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thantawan Industry PCL's current ROA % is 2.61%, which is 79% below median its own 10-year median of 12.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thantawan Industry PCL stock overvalued right now?
Thantawan Industry PCL (BKK:THIP-R) has a current ROA % of 2.61%. The stock's GF Value™ is ฿36.74, compared to a current price of ฿23.00 — trading 37.4% below its estimated fair value. The current ROA % is 2.61%, which is 79% below median its 10-year median of 12.49 and 2.2% below the Packaging & Containers industry median of 2.67. Thantawan Industry PCL's overall GF Score™ is 72/100 with 6 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 Thantawan Industry PCL (BKK:THIP-R), the current ROA % is 2.61% 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 Thantawan Industry PCL (BKK:THIP-R) Overvalued in 2026?
Based on GuruFocus' analysis, Thantawan Industry PCL stock appears to be undervalued.
The current stock price of ฿23.00 is trading 37.4% below its estimated GF Value™ of ฿36.74.
Key valuation signals for BKK:THIP-R:
ROA %: 2.61% (79% below median its 10-year median of 12.49)
GF Value™: ฿36.74 vs. price of ฿23.00 (37.4% below fair value)
Industry Position: 2.2% below the Packaging & Containers median (#168 of 401)
No single metric tells the full story. See the BKK:THIP-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thantawan Industry PCL is a Thailand-based company that engages in the manufacturing and selling of plastic products, such as general plastic bags, thin bags, and drinking straws. The Group manufactures and sells plastic products, which are divided into two main products: plastic bags and straw products. Other products are Zipper tape and resin scrap, etc. Key revenue is generated from Plastic bag. The geographical area of its operation is Thailand and Vietnam.
72GF Score
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