ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Asia Poly Holdings Bhd's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 1.78%.
As of today (2026-07-04), Asia Poly Holdings Bhd's WACC % is 3.21%. Asia Poly Holdings Bhd's ROIC % is 2.21% (calculated using TTM income statement data).
Asia Poly Holdings Bhd earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Asia Poly Holdings Bhd (XKLS:0105) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Asia Poly Holdings Bhd's WACC % is 3.21%. Asia Poly Holdings Bhd's ROIC % is 2.21% (calculated using TTM income statement data).
Asia Poly Holdings Bhd earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of 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.
* 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 Specialty Chemicals subindustry, Asia Poly Holdings Bhd's ROIC %, along with its competitors' market caps and ROIC % 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.
Asia Poly Holdings Bhd ROIC % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Asia Poly Holdings Bhd's ROIC % distribution charts can be found below:
* The bar in red indicates where Asia Poly Holdings Bhd's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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.
Asia Poly Holdings Bhd (XKLS:0105) has a ROIC % of 1.78% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Asia Poly Holdings Bhd and its competitors.
Is Asia Poly Holdings Bhd's ROIC % too high?
Asia Poly Holdings Bhd's current ROIC % is 1.78%. The Chemicals industry median ROIC % is 4.46. Asia Poly Holdings Bhd's value of 1.78% is 60.1% below this industry median.
How does Asia Poly Holdings Bhd's ROIC % compare to LIN and SHW?
Asia Poly Holdings Bhd's ROIC % of 1.78% can be compared against companies in the Chemicals industry. The industry median ROIC % is 4.46. Asia Poly Holdings Bhd's value of 1.78% is 60.1% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Chemicals company?
The median ROIC % among Chemicals companies is 4.46, based on 1,580 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asia Poly Holdings Bhd's current ROIC % of 1.78% is 60.1% below 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Asia Poly Holdings Bhd and its competitors. For the Chemicals industry, the median ROIC % is 4.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asia Poly Holdings Bhd's current ROIC % is 1.78%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Poly Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Asia Poly Holdings Bhd (XKLS:0105) is currently considered Fairly Valued. The stock's GF Value™ is RM0.07, compared to a current price of RM0.07 — trading 7.1% below its estimated fair value. The current ROIC % is 1.78% and 60.1% below the Chemicals industry median of 4.46. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Asia Poly Holdings Bhd (XKLS:0105), the current ROIC % is 1.78% 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.
Asia Poly Holdings Bhd is engaged in the business of investment holding. Through its subsidiary, it is engaged in the manufacturing and selling of acrylic products (acrylic sheets and acrylic blocks) in various types and sizes. It manufactures a wide range of cast acrylic sheet products, which are available in various specifications such as clear, tinted, opaque, and fluorescent. Its segments are Investment holdings, including Investment holding company; Manufacturing consists of Manufacturing of cast acrylic products; Property development provides Property development; Renewable energy offers Renewable energy from biogas plant; and Others - Others not reported in the above segments. Geographically, it operates in Malaysia, Europe, India, the Middle East, the United States, and Others.
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