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Thai Wah PCLBKK:TWPC 72 ROA % is 5.73% as of Mar. 2026, which is 146% above its 10-year median of 2.33. GuruFocus rates BKK:TWPC with a GF Score™ of 72/100 and a GF Value™ of ฿2.94 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,992 Consumer Packaged Goods companies, Thai Wah PCL ranks worse than 56.02% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Thai Wah PCL's annualizedNet Income for the quarter that ended in Mar. 2026 was ฿485 Mil.
Thai Wah PCL's average Total Assets over the quarter that ended in Mar. 2026 was ฿8,457 Mil. Therefore, Thai Wah PCL's annualized ROA % for the quarter that ended in Mar. 2026 was 5.73%.
The historical rank and industry rank for Thai Wah PCL's ROA % or its related term are showing as below:
BKK:TWPC'
s ROA % Range Over the Past 10 Years
Min: -0.8 Med: 2.33 Max: 10.94
Current: 2.42
During the past 13 years, Thai Wah PCL's highest ROA % was 10.94%. The lowest was -0.80%. And the median was 2.33%.
BKK:TWPC's ROA % is ranked worse than 56.02% of 1992
companies
in the Consumer Packaged Goods industry
Industry Median: 3.29
vs BKK:TWPC: 2.42
Thai Wah PCL (BKK:TWPC) 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.
Thai Wah PCL ROA % Related Terms
Thai Wah PCL ROA % Historical Data
* Premium members only.
The historical data trend for Thai Wah 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 Packaged Foods subindustry, Thai Wah 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.
Thai Wah PCL ROA % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Thai Wah PCL's ROA % distribution charts can be found below:
* The bar in red indicates where Thai Wah 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.
Thai Wah PCL (BKK:TWPC) has a ROA % of 5.73% 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 Thai Wah PCL and its competitors. This is 146% above median its historical median of 2.33. According to the industry distribution chart, Thai Wah PCL ranks #1116 out of 1992 companies in the Consumer Packaged Goods industry, placing it in the top 56%.
Is Thai Wah PCL's ROA % too high?
Thai Wah PCL's current ROA % of 5.73% is 146% above median its 10-year median of 2.33. The Consumer Packaged Goods industry median ROA % is 3.29. Thai Wah PCL's value of 5.73% is 74.2% above this industry median. Based on the distribution chart, Thai Wah PCL ranks #1116 out of 1992 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Thai Wah PCL has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Thai Wah PCL's ROA % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Thai Wah PCL ranks #1116 out of 1992 companies for ROA %. This places Thai Wah PCL in the lower half of its industry. The industry median ROA % is 3.29. Thai Wah PCL's value of 5.73% is 74.2% above this benchmark. While the company's 10-year median is 2.33 vs. the industry median of 3.29, Thai Wah PCL 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 ROA % for a Consumer Packaged Goods company?
The median ROA % among Consumer Packaged Goods companies is 3.29, based on 1,992 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. Thai Wah PCL's current ROA % of 5.73% is 74.2% 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 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 Thai Wah PCL and its competitors. For the Consumer Packaged Goods industry, the median ROA % is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai Wah PCL's current ROA % is 5.73%, which is 146% above median its own 10-year median of 2.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai Wah PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai Wah PCL (BKK:TWPC) is currently considered Fairly Valued. The stock's GF Value™ is ฿2.94, compared to a current price of ฿2.88 — trading 2% below its estimated fair value. The current ROA % is 5.73%, which is 146% above median its 10-year median of 2.33 and 74.2% above the Consumer Packaged Goods industry median of 3.29. Thai Wah PCL's overall GF Score™ is 72/100 with 7 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 Thai Wah PCL (BKK:TWPC), the current ROA % is 5.73% 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 Thai Wah PCL (BKK:TWPC) Overvalued in 2026?
Based on GuruFocus' analysis, Thai Wah PCL stock appears to be undervalued.
The current stock price of ฿2.88 is trading 2% below its estimated GF Value™ of ฿2.94.
GuruFocus considers Thai Wah PCL to be Fairly Valued.
Key valuation signals for BKK:TWPC:
ROA %: 5.73% (146% above median its 10-year median of 2.33)
GF Value™: ฿2.94 vs. price of ฿2.88 (2% below fair value)
Industry Position: 74.2% above the Consumer Packaged Goods median (#1116 of 1992)
No single metric tells the full story. See the BKK:TWPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thai Wah PCL is engaged in the manufacture and distribution of vermicelli, tapioca starch and other food products. Its products include Starch & Starch-Related Products such as Tapioca Flour & Starch, Modified Starch, Glucose Syrup, Tapioca Pearl, Alpha Starch, Rice Flour & Starch, and Organic Products; Food Products such as Bean Vermicelli, Rice Noodles, Rice Vermicelli, Starch, Flour And Pearl, and Meal Kit And Instant Noodles. Its segments include the manufacture and distribution of starch, the manufacture and distribution of vermicelli and other food products, and the manufacture and distribution of other agricultural products.
72GF Score
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