TSH (SGX:KUH) ROA %: 6.22% (As of Jun. 2026) — 46% Above Median

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SGX:KUH TSH Corp Ltd SGX:KUH
51 GF Score
Price S$0.14
GF Value S$0.13
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is TSH ROA %?

TSH SGX:KUH 51 ROA % is 6.22% as of Jun. 2026, which is 46% above its 10-year median of 4.25. GuruFocus rates SGX:KUH with a GF Score™ of 51/100 and a GF Value™ of S$0.13 (Fairly Valued). The stock has 3 warning signs investors should review. Among 365 Restaurants companies, TSH ranks better than 81.64% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. TSH's annualized Net Income for the quarter that ended in Jun. 2026 was S$1.02 Mil. TSH's average Total Assets over the quarter that ended in Jun. 2026 was S$16.44 Mil. Therefore, TSH's annualized ROA % for the quarter that ended in Jun. 2026 was 6.22%.

The historical rank and industry rank for TSH's ROA % or its related term are showing as below:

SGX:KUH' s ROA % Range Over the Past 10 Years
Min: -16.89   Med: 4.25   Max: 12.63
Current: 8.53

During the past 13 years, TSH's highest ROA % was 12.63%. The lowest was -16.89%. And the median was 4.25%.

SGX:KUH's ROA % is ranked better than
81.64% of 365 companies
in the Restaurants industry
Industry Median: 2.04 vs SGX:KUH: 8.53

TSH  (SGX:KUH) 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 bank’s 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:

ROA %(Q: Jun. 2026 )
=Net Income/Total Assets
=1.022/16.438
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.022 / 10.764)*(10.764 / 16.438)
=Net Margin %*Asset Turnover
=9.49 %*0.6548
=6.22 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2026) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.


TSH ROA % Related Terms


TSH ROA % Historical Data

* Premium members only.

The historical data trend for TSH'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.

TSH ROA % Chart

TSH Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.92 6.55 2.64 5.85 8.36

TSH Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.68 8.10 6.20 10.93 6.22

SGX:KUH vs MCD, SBUX, YUM: ROA % Comparison

For the Restaurants subindustry, TSH'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.


TSH ROA % vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, TSH's ROA % distribution charts can be found below:

* The bar in red indicates where TSH's ROA % falls into.


SGX:KUH
51GF Score
TSH Corp Ltd SGX:KUH
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSH ROA % Calculation

TSH's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=1.261/( (14.093+16.067)/ 2 )
=1.261/15.08
=8.36 %

TSH's annualized ROA % for the quarter that ended in Jun. 2026 is calculated as:

ROA %=Net Income (Q: Jun. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Jun. 2026 ))/ count )
=1.022/( (16.067+16.809)/ 2 )
=1.022/16.438
=6.22 %

* 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 (Jun. 2026) net income data. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 6.22% mean?
TSH (SGX:KUH) has a ROA % of 6.22% as of Jun. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on TSH and its competitors. This is 46% above median its historical median of 4.25. According to the industry distribution chart, TSH ranks #67 out of 365 companies in the Restaurants industry, placing it in the top 18.4%.
Is TSH's ROA % too high?
TSH's current ROA % of 6.22% is 46% above median its 10-year median of 4.25. The Restaurants industry median ROA % is 2.04. TSH's value of 6.22% is 204.9% above this industry median. Based on the distribution chart, TSH ranks #67 out of 365 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, TSH has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TSH's ROA % compare to MCD and SBUX?
According to the Restaurants industry distribution chart, TSH ranks #67 out of 365 companies for ROA %. This places TSH in the top 18% of its industry — outperforming the majority of peers. The industry median ROA % is 2.04. TSH's value of 6.22% is 204.9% above this benchmark. While the company's 10-year median is 4.25 vs. the industry median of 2.04, TSH 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 2.04, based on 365 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. TSH's current ROA % of 6.22% is 204.9% 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 TSH and its competitors. For the Restaurants industry, the median ROA % is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSH's current ROA % is 6.22%, which is 46% above median its own 10-year median of 4.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSH stock overvalued right now?
Based on GuruFocus' analysis, TSH (SGX:KUH) is currently considered Fairly Valued. The stock's GF Value™ is S$0.13, compared to a current price of S$0.14 — trading 6.9% above its estimated fair value. The current ROA % is 6.22%, which is 46% above median its 10-year median of 4.25 and 204.9% above the Restaurants industry median of 2.04. TSH's overall GF Score™ is 51/100 with 3 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 TSH (SGX:KUH), the current ROA % is 6.22% as of Jun. 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 TSH (SGX:KUH) Overvalued in 2026?

Based on GuruFocus' analysis, TSH stock appears to be overvalued. The current stock price of S$0.14 is trading 6.9% above its estimated GF Value™ of S$0.13. GuruFocus considers TSH to be Fairly Valued.

Key valuation signals for SGX:KUH:

  • ROA %: 6.22% (46% above median its 10-year median of 4.25)
  • GF Value™: S$0.13 vs. price of S$0.14 (6.9% above fair value)
  • GF Score™: 51/100 with 3 warning signs
  • Industry Position: 204.9% above the Restaurants median (#67 of 365)

No single metric tells the full story. See the SGX:KUH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TSH Business Description

Address 315 Outram Road, No. 14-02 Tan Boon Liat Building, Singapore, SGP, 169074
TSH Corp Ltd is an investment holding company. Along with its subsidiaries, it runs a dynamic chain of bars, namely: Quaich Bar Collector, Quaich Bar Avant-garde, Quaich Bar Wanderlust, The Other Room, Signature Reserve, Capitol Cigar & Whisky Lounge. The group also distributes premium spirits through The Whisky Store and runs a whisky-dedicated exhibition, Whisky Journey. It operates in a single segment, focused on the wholesale and retail sale of food and beverage businesses. Geographically, it operates only in Singapore.
51GF Score

Get the complete analysis for SGX:KUH

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$0.14
Price
S$0.13
GF Value