Carlo Rino Group Bhd (XKLS:0335) ROE %: 13.67% (As of Mar. 2026) — 56% Above Median


XKLS:0335 Carlo Rino Group Bhd XKLS:0335
60 GF Score
Price RM0.19
GF Value RM0.28
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Carlo Rino Group Bhd ROE %?

Carlo Rino Group Bhd XKLS:0335 60 ROE % is 13.67% as of Mar. 2026, which is 56% above its 10-year median of 8.77. GuruFocus rates XKLS:0335 with a GF Score™ of 60/100 and a GF Value™ of RM0.28 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,024 Manufacturing - Apparel & Accessories companies, Carlo Rino Group Bhd ranks better than 65.23% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Carlo Rino Group Bhd's annualized net income for the quarter that ended in Mar. 2026 was RM21.88 Mil. Carlo Rino Group Bhd's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was RM160.04 Mil. Therefore, Carlo Rino Group Bhd's annualized ROE % for the quarter that ended in Mar. 2026 was 13.67%.

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

XKLS:0335' s ROE % Range Over the Past 10 Years
Min: 4.14   Med: 8.77   Max: 27.37
Current: 7.69

During the past 10 years, Carlo Rino Group Bhd's highest ROE % was 27.37%. The lowest was 4.14%. And the median was 8.77%.

XKLS:0335's ROE % is ranked better than
65.23% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.135 vs XKLS:0335: 7.69

Carlo Rino Group Bhd  (XKLS:0335) 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
=21.88/160.041
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.88 / 122.5)*(122.5 / 191.067)*(191.067 / 160.041)
=Net Margin %*Asset Turnover*Equity Multiplier
=17.86 %*0.6411*1.1939
=ROA %*Equity Multiplier
=11.45 %*1.1939
=13.67 %

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
=21.88/160.041
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (21.88 / 28.816) * (28.816 / 29.68) * (29.68 / 122.5) * (122.5 / 191.067) * (191.067 / 160.041)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7593 * 0.9709 * 24.23 % * 0.6411 * 1.1939
=13.67 %

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.


Carlo Rino Group Bhd ROE % Related Terms


Carlo Rino Group Bhd ROE % Historical Data

* Premium members only.

The historical data trend for Carlo Rino Group 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.

Carlo Rino Group Bhd ROE % Chart

Carlo Rino Group Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.52 27.37 25.04 18.22 11.57

Carlo Rino Group Bhd Quarterly Data
Mar18 Jun18 Dec18 Jun19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.04 3.23 6.26 7.74 13.67

XKLS:0335 vs NKE, DECK, ONON: ROE % Comparison

For the Footwear & Accessories subindustry, Carlo Rino Group 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.


Carlo Rino Group Bhd ROE % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Carlo Rino Group Bhd's ROE % distribution charts can be found below:

* The bar in red indicates where Carlo Rino Group Bhd's ROE % falls into.


XKLS:0335
60GF Score
Carlo Rino Group Bhd XKLS:0335
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Carlo Rino Group Bhd ROE % Calculation

Carlo Rino Group Bhd's annualized ROE % for the fiscal year that ended in Jun. 2025 is calculated as

ROE %=Net Income (A: Jun. 2025 )/( (Total Stockholders Equity (A: Jun. 2024 )+Total Stockholders Equity (A: Jun. 2025 ))/ count )
=15.666/( (111.678+159.103)/ 2 )
=15.666/135.3905
=11.57 %

Carlo Rino Group 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 )
=21.88/( (159.75+160.332)/ 2 )
=21.88/160.041
=13.67 %

* 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 13.67% mean?
Carlo Rino Group Bhd (XKLS:0335) has a ROE % of 13.67% 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 Carlo Rino Group Bhd and its competitors. This is 56% above median its historical median of 8.77. Over the past decade, Carlo Rino Group Bhd's ROE % has ranged from 4.14 to 27.37. According to the industry distribution chart, Carlo Rino Group Bhd ranks #356 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 34.8%.
Is Carlo Rino Group Bhd's ROE % too high?
Carlo Rino Group Bhd's current ROE % of 13.67% is 56% above median its 10-year median of 8.77. Over the past 10 years, this metric has ranged from a low of 4.14 to a high of 27.37. The Manufacturing - Apparel & Accessories industry median ROE % is 4.14. Carlo Rino Group Bhd's value of 13.67% is 230.6% above this industry median. Based on the distribution chart, Carlo Rino Group Bhd ranks #356 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Carlo Rino Group Bhd has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Carlo Rino Group Bhd's ROE % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Carlo Rino Group Bhd ranks #356 out of 1024 companies for ROE %. This puts Carlo Rino Group Bhd in the upper half of its industry. The industry median ROE % is 4.14. Carlo Rino Group Bhd's value of 13.67% is 230.6% above this benchmark. Historically, Carlo Rino Group Bhd's own ROE % has ranged from 4.14 to 27.37 over the past decade. While the company's 10-year median is 8.77 vs. the industry median of 4.14, Carlo Rino Group 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 Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.14, based on 1,024 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. Carlo Rino Group Bhd's current ROE % of 13.67% is 230.6% 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 Carlo Rino Group Bhd and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carlo Rino Group Bhd's current ROE % is 13.67%, which is 56% above median its own 10-year median of 8.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carlo Rino Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Carlo Rino Group Bhd (XKLS:0335) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.28, compared to a current price of RM0.19 — trading 32.1% below its estimated fair value. The current ROE % is 13.67%, which is 56% above median its 10-year median of 8.77 and 230.6% above the Manufacturing - Apparel & Accessories industry median of 4.14. Carlo Rino Group Bhd's overall GF Score™ is 60/100 with 4 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 Carlo Rino Group Bhd (XKLS:0335), the current ROE % is 13.67% 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 Carlo Rino Group Bhd (XKLS:0335) Overvalued in 2026?

Based on GuruFocus' analysis, Carlo Rino Group Bhd stock appears to be undervalued. The current stock price of RM0.19 is trading 32.1% below its estimated GF Value™ of RM0.28. GuruFocus considers Carlo Rino Group Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:0335:

  • ROE %: 13.67% (56% above median its 10-year median of 8.77)
  • GF Value™: RM0.28 vs. price of RM0.19 (32.1% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 230.6% above the Manufacturing - Apparel & Accessories median (#356 of 1024)

No single metric tells the full story. See the XKLS:0335 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carlo Rino Group Bhd Business Description

Address Jalan Cerdas, No. 160, L2-05, 2nd Floor, Ikon Connaught, Taman Connaught, Wilayah Persekutuan, Kuala Lumpur, MYS, 56000
Carlo Rino Group Bhd is an investment holding company. Along with its subsidiaries, it is principally involved in the business of designing, promoting, marketing, distributing, and retailing women's handbags, footwear, and accessories. Its product portfolio comprises sunglasses, perfumes, wallets, shoes, bags, keychains, hats, and other accessories, which are marketed under the Carlo Rino brand. The group is also involved in property development and property investment; investment holdings of securities; and provision of management services. Its reportable segments are: Retailing, which derives maximum revenue, and Investment and management services. The business activities of the group are predominantly located in Malaysia.
60GF Score

Get the complete analysis for XKLS:0335

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

RM0.19
Price
RM0.28
GF Value