Topmix Bhd (XKLS:0302) ROE %: 15.69% (As of Mar. 2026) — 30% Below Median


XKLS:0302 Topmix Bhd XKLS:0302
50 GF Score
Price RM0.43
! 2 Warning Signs
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What is Topmix Bhd ROE %?

Topmix Bhd XKLS:0302 +2.41% 50 ROE % is 15.69% as of Mar. 2026, which is 30% below its 10-year median of 22.35. GuruFocus rates XKLS:0302 with a GF Score™ of 50/100. The stock has 2 warning signs investors should review. Among 428 Furnishings, Fixtures & Appliances companies, Topmix Bhd ranks better than 93.22% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Topmix Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM13.7 Mil. Topmix Bhd's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was RM87.1 Mil. Therefore, Topmix Bhd's annualized ROE % for the quarter that ended in Mar. 2026 was 15.69%.

The historical rank and industry rank for Topmix Bhd's ROE % or its related term are showing as below:

XKLS:0302' s ROE % Range Over the Past 10 Years
Min: 13.36   Med: 22.35   Max: 33.01
Current: 22.32

During the past 6 years, Topmix Bhd's highest ROE % was 33.01%. The lowest was 13.36%. And the median was 22.35%.

XKLS:0302's ROE % is ranked better than
93.22% of 428 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 4.6 vs XKLS:0302: 22.32

Topmix Bhd  (XKLS:0302) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=13.66/87.0865
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(13.66 / 101.116)*(101.116 / 121.007)*(121.007 / 87.0865)
=Net Margin %*Asset Turnover*Equity Multiplier
=13.51 %*0.8356*1.3895
=ROA %*Equity Multiplier
=11.29 %*1.3895
=15.69 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=13.66/87.0865
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (13.66 / 20.208) * (20.208 / 22.66) * (22.66 / 101.116) * (101.116 / 121.007) * (121.007 / 87.0865)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.676 * 0.8918 * 22.41 % * 0.8356 * 1.3895
=15.69 %

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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Topmix Bhd ROE % Related Terms


Topmix Bhd ROE % Historical Data

* Premium members only.

The historical data trend for Topmix Bhd's ROE % 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.

Topmix Bhd ROE % Chart

Topmix Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial 22.51 33.01 24.72 20.99 22.18

Topmix Bhd Quarterly Data
Dec20 Dec21 Dec22 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.78 21.20 31.12 21.44 15.69

XKLS:0302 vs SN, SGI, MHK: ROE % Comparison

For the Furnishings, Fixtures & Appliances subindustry, Topmix Bhd's ROE %, along with its competitors' market caps and ROE % 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.


Topmix Bhd ROE % vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Topmix Bhd's ROE % distribution charts can be found below:

* The bar in red indicates where Topmix Bhd's ROE % falls into.


XKLS:0302
50GF Score
Topmix Bhd XKLS:0302
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Topmix Bhd ROE % Calculation

Topmix Bhd's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=17.633/( (72.473+86.561)/ 2 )
=17.633/79.517
=22.18 %

Topmix Bhd's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=13.66/( (86.561+87.612)/ 2 )
=13.66/87.0865
=15.69 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 15.69% mean?
Topmix Bhd (XKLS:0302) has a ROE % of 15.69% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Topmix Bhd and its competitors. This is 30% below median its historical median of 22.35. Over the past decade, Topmix Bhd's ROE % has ranged from 13.36 to 33.01. According to the industry distribution chart, Topmix Bhd ranks #29 out of 428 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 6.8%.
Is Topmix Bhd's ROE % too high?
Topmix Bhd's current ROE % of 15.69% is 30% below median its 10-year median of 22.35. Over the past 10 years, this metric has ranged from a low of 13.36 to a high of 33.01. The Furnishings, Fixtures & Appliances industry median ROE % is 4.60. Topmix Bhd's value of 15.69% is 241.1% above this industry median. Based on the distribution chart, Topmix Bhd ranks #29 out of 428 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Topmix Bhd has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Topmix Bhd's ROE % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Topmix Bhd ranks #29 out of 428 companies for ROE %. This places Topmix Bhd in the top 7% of its industry — outperforming the majority of peers. The industry median ROE % is 4.60. Topmix Bhd's value of 15.69% is 241.1% above this benchmark. Historically, Topmix Bhd's own ROE % has ranged from 13.36 to 33.01 over the past decade. While the company's 10-year median is 22.35 vs. the industry median of 4.60, Topmix Bhd 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 ROE % for a Furnishings, Fixtures & Appliances company?
The median ROE % among Furnishings, Fixtures & Appliances companies is 4.60, based on 428 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Topmix Bhd's current ROE % of 15.69% is 241.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Topmix Bhd and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROE % is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Topmix Bhd's current ROE % is 15.69%, which is 30% below median its own 10-year median of 22.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Topmix Bhd stock overvalued right now?
Topmix Bhd (XKLS:0302) has a current ROE % of 15.69%. The current ROE % is 15.69%, which is 30% below median its 10-year median of 22.35 and 241.1% above the Furnishings, Fixtures & Appliances industry median of 4.60. Topmix Bhd's overall GF Score™ is 50/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Topmix Bhd (XKLS:0302), the current ROE % is 15.69% 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.

Topmix Bhd Business Description

Address 8 & 10, Jalan Bistari 11, Taman Industri Jaya, Skudai, JHR, MYS, 81300
Topmix Bhd is an investment holding company. The Group markets and distributes decorative surface products under its proprietary brands, including HPL, compact panels, wall panels, MFC, and other decorative surfaces. It also undertakes in-house product design and collaborates with third-party decor paper suppliers to develop surface designs and finishes for commercial and residential interior applications, such as wall finishes, countertops, furniture, fixtures, and display systems. The Group operates through two business segments: Trading, which involves the wholesale and trading of high-pressure laminated sheets and merchandise of all kinds, and Others, which involves investment holding. The majority of its revenue is derived from Malaysia.
50GF Score

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

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