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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Henan Jinma Energy Co's annualizedNet Income for the quarter that ended in Dec. 2025 was €-97.4 Mil. Henan Jinma Energy Co's average total tangible assets for the quarter that ended in Dec. 2025 was €1,139.8 Mil. Therefore, Henan Jinma Energy Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -8.54%.
The historical rank and industry rank for Henan Jinma Energy Co's Return-on-Tangible-Asset or its related term are showing as below:
FRA:6G9'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.51 Med: 7.65 Max: 23.77
Current: -5.41
During the past 12 years, Henan Jinma Energy Co's highest Return-on-Tangible-Asset was 23.77%. The lowest was -5.51%. And the median was 7.65%.
FRA:6G9's Return-on-Tangible-Asset is ranked worse than 87.2% of 633
companies
in the Steel industry
Industry Median: 2.41
vs FRA:6G9: -5.41
Henan Jinma Energy Co (FRA:6G9) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset 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 Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Henan Jinma Energy Co Return-on-Tangible-Asset Related Terms
Henan Jinma Energy Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Henan Jinma Energy Co's Return-on-Tangible-Asset 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.
Henan Jinma Energy Co Return-on-Tangible-Asset Chart
FRA:6G9 vs HCC, AMR, SXC: Return-on-Tangible-Asset Comparison
For the Coking Coal subindustry, Henan Jinma Energy Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Henan Jinma Energy Co Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Henan Jinma Energy Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Henan Jinma Energy Co's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -8.54% mean?
Henan Jinma Energy Co (FRA:6G9) has a Return-on-Tangible-Asset of -8.54% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Henan Jinma Energy Co and its competitors. According to the industry distribution chart, Henan Jinma Energy Co ranks #552 out of 633 companies in the Steel industry, placing it in the top 87.2%.
Is Henan Jinma Energy Co's Return-on-Tangible-Asset too high?
Henan Jinma Energy Co's current Return-on-Tangible-Asset is -8.54%. Based on the distribution chart, Henan Jinma Energy Co ranks #552 out of 633 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Henan Jinma Energy Co has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Henan Jinma Energy Co's Return-on-Tangible-Asset compare to HCC and AMR?
According to the Steel industry distribution chart, Henan Jinma Energy Co ranks #552 out of 633 companies for Return-on-Tangible-Asset. This places Henan Jinma Energy Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.41, based on 633 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Henan Jinma Energy Co and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Henan Jinma Energy Co's current Return-on-Tangible-Asset is -8.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henan Jinma Energy Co stock overvalued right now?
Henan Jinma Energy Co (FRA:6G9) has a current Return-on-Tangible-Asset of -8.54%. The stock's GF Value™ is €0.08, compared to a current price of €0.07 — trading 18.8% below its estimated fair value. The current Return-on-Tangible-Asset is -8.54%. Henan Jinma Energy Co's overall GF Score™ is 50/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Henan Jinma Energy Co (FRA:6G9), the current Return-on-Tangible-Asset is -8.54% as of Dec. 2025. 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 Henan Jinma Energy Co (FRA:6G9) Overvalued in 2026?
Based on GuruFocus' analysis, Henan Jinma Energy Co stock appears to be undervalued.
The current stock price of €0.07 is trading 18.8% below its estimated GF Value™ of €0.08.
Key valuation signals for FRA:6G9:
Return-on-Tangible-Asset: -8.54%
GF Value™: €0.08 vs. price of €0.07 (18.8% below fair value)
No single metric tells the full story. See the FRA:6G9 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Henan Jinma Energy Co Ltd operates as a coke producer and processor of coking by-products in the coking chemical industry in Henan province, China. It operates through the following business segments: Coke, Refined chemicals, Energy products, and Trading. Maximum revenue is generated from the Coke segment, which is engaged in the production and sale of coke. The Refined chemicals segment is engaged in the processing and sale of coking by-products into a series of benzene-based and coal tar-based refined chemicals; the Energy products segment deals with processing oven crude gas into coal gas, extraction of LNG from coal gas and sale of coal gas and LNG, in addition, hydrogen is also extracted from coal gas for sale; and the Trading segment trades coal, coke, hydrogen and LNG.
50GF Score
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Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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