Old Chang KeeSGX:5ML +0.85%44 ROA % is 8.95% as of Mar. 2026, which is 9% above its 10-year median of 8.24. GuruFocus rates SGX:5ML with a GF Score™ of 44/100 and a GF Value™ of S$0.80 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 366 Restaurants companies, Old Chang Kee ranks better than 86.89% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Old Chang Kee's annualizedNet Income for the quarter that ended in Mar. 2026 was S$9.1 Mil.
Old Chang Kee's average Total Assets over the quarter that ended in Mar. 2026 was S$101.3 Mil. Therefore, Old Chang Kee's annualized ROA % for the quarter that ended in Mar. 2026 was 8.95%.
The historical rank and industry rank for Old Chang Kee's ROA % or its related term are showing as below:
SGX:5ML'
s ROA % Range Over the Past 10 Years
Min: 1.43 Med: 8.24 Max: 12.16
Current: 9.6
During the past 13 years, Old Chang Kee's highest ROA % was 12.16%. The lowest was 1.43%. And the median was 8.24%.
SGX:5ML's ROA % is ranked better than 86.89% of 366
companies
in the Restaurants industry
Industry Median: 2.19
vs SGX:5ML: 9.60
Old Chang Kee (SGX:5ML) 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 two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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.
Old Chang Kee ROA % Related Terms
Old Chang Kee ROA % Historical Data
* Premium members only.
The historical data trend for Old Chang Kee'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 Restaurants subindustry, Old Chang Kee'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.
Old Chang Kee ROA % vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Old Chang Kee's ROA % distribution charts can be found below:
* The bar in red indicates where Old Chang Kee'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 two times the semi-annual (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Old Chang Kee (SGX:5ML) has a ROA % of 8.95% 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 Old Chang Kee and its competitors. This is near median its historical median of 8.24. Over the past decade, Old Chang Kee's ROA % has ranged from 1.43 to 12.16. According to the industry distribution chart, Old Chang Kee ranks #48 out of 366 companies in the Restaurants industry, placing it in the top 13.1%.
Is Old Chang Kee's ROA % too high?
Old Chang Kee's current ROA % of 8.95% is near median its 10-year median of 8.24. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 12.16. The Restaurants industry median ROA % is 2.19. Old Chang Kee's value of 8.95% is 308.7% above this industry median. Based on the distribution chart, Old Chang Kee ranks #48 out of 366 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Old Chang Kee has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Old Chang Kee's ROA % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Old Chang Kee ranks #48 out of 366 companies for ROA %. This places Old Chang Kee in the top 13% of its industry — outperforming the majority of peers. The industry median ROA % is 2.19. Old Chang Kee's value of 8.95% is 308.7% above this benchmark. Historically, Old Chang Kee's own ROA % has ranged from 1.43 to 12.16 over the past decade. While the company's 10-year median is 8.24 vs. the industry median of 2.19, Old Chang Kee 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 Restaurants company?
The median ROA % among Restaurants companies is 2.19, based on 366 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. Old Chang Kee's current ROA % of 8.95% is 308.7% 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 Old Chang Kee and its competitors. For the Restaurants industry, the median ROA % is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Old Chang Kee's current ROA % is 8.95%, which is near median its own 10-year median of 8.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Old Chang Kee stock overvalued right now?
Based on GuruFocus' analysis, Old Chang Kee (SGX:5ML) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.80, compared to a current price of S$1.18 — trading 47.5% above its estimated fair value. The current ROA % is 8.95%, which is near median its 10-year median of 8.24 and 308.7% above the Restaurants industry median of 2.19. Old Chang Kee's overall GF Score™ is 44/100 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 Old Chang Kee (SGX:5ML), the current ROA % is 8.95% 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 Old Chang Kee (SGX:5ML) Overvalued in 2026?
Based on GuruFocus' analysis, Old Chang Kee stock appears to be overvalued.
The current stock price of S$1.18 is trading 47.5% above its estimated GF Value™ of S$0.80.
GuruFocus considers Old Chang Kee to be Significantly Overvalued.
Key valuation signals for SGX:5ML:
ROA %: 8.95% (near median its 10-year median of 8.24)
GF Value™: S$0.80 vs. price of S$1.18 (47.5% above fair value)
Industry Position: 308.7% above the Restaurants median (#48 of 366)
No single metric tells the full story. See the SGX:5ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Old Chang Kee Ltd is engaged in the manufacturing and distribution of food products. The company's products include curry puffs, fishballs, chicken nuggets, and chicken wings. It also provides catering services in Singapore. The company's geographical segments include Singapore, Australia, and Malaysia, and a majority of its revenue is derived from Singapore. The company is engaged in the manufacture and sale of food products under brands such as Old Chang Kee, the Curry Times, and Dip n Go.
44GF Score
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