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China Resources Beverage (Holdings) CoHKSE:02460 -0.27%20 Return-on-Tangible-Asset is 2.01% as of Dec. 2025, which is 79% below its 10-year median of 9.62. GuruFocus rates HKSE:02460 with a GF Score™ of 20/100. The stock has 5 warning signs investors should review. Among 118 Beverages - Non-Alcoholic companies, China Resources Beverage (Holdings) Co ranks worse than 53.39% on this metric.
HKSE:02460'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.44 Med: 9.62 Max: 11.16
Current: 5.44
During the past 5 years, China Resources Beverage (Holdings) Co's highest Return-on-Tangible-Asset was 11.16%. The lowest was 5.44%. And the median was 9.62%.
HKSE:02460's Return-on-Tangible-Asset is ranked worse than 53.39% of 118
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 6.265
vs HKSE:02460: 5.44
China Resources Beverage (Holdings) Co (HKSE:02460) 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.
China Resources Beverage (Holdings) Co Return-on-Tangible-Asset Related Terms
China Resources Beverage (Holdings) Co Return-on-Tangible-Asset Historical 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.
China Resources Beverage (Holdings) Co Return-on-Tangible-Asset Chart
China Resources Beverage (Holdings) Co Annual Data
Trend
Dec21
Dec22
Dec23
Dec24
Dec25
Return-on-Tangible-Asset
9.44
9.62
11.16
10.22
5.89
China Resources Beverage (Holdings) Co Semi-Annual Data
HKSE:02460 vs KO, PEP, MNST: Return-on-Tangible-Asset Comparison
For the Beverages - Non-Alcoholic subindustry, China Resources Beverage (Holdings) 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.
China Resources Beverage (Holdings) Co Return-on-Tangible-Asset vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, China Resources Beverage (Holdings) Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Resources Beverage (Holdings) 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 2.01% mean?
China Resources Beverage (Holdings) Co (HKSE:02460) has a Return-on-Tangible-Asset of 2.01% 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 China Resources Beverage (Holdings) Co and its competitors. This is 79% below median its historical median of 9.62. Over the past decade, China Resources Beverage (Holdings) Co's Return-on-Tangible-Asset has ranged from 5.44 to 11.16. According to the industry distribution chart, China Resources Beverage (Holdings) Co ranks #63 out of 118 companies in the Beverages - Non-Alcoholic industry, placing it in the top 53.4%.
Is China Resources Beverage (Holdings) Co's Return-on-Tangible-Asset too high?
China Resources Beverage (Holdings) Co's current Return-on-Tangible-Asset of 2.01% is 79% below median its 10-year median of 9.62. Over the past 10 years, this metric has ranged from a low of 5.44 to a high of 11.16. The Beverages - Non-Alcoholic industry median Return-on-Tangible-Asset is 6.27. China Resources Beverage (Holdings) Co's value of 2.01% is 67.9% below this industry median. Based on the distribution chart, China Resources Beverage (Holdings) Co ranks #63 out of 118 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, China Resources Beverage (Holdings) Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does China Resources Beverage (Holdings) Co's Return-on-Tangible-Asset compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, China Resources Beverage (Holdings) Co ranks #63 out of 118 companies for Return-on-Tangible-Asset. This places China Resources Beverage (Holdings) Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 6.27. China Resources Beverage (Holdings) Co's value of 2.01% is 67.9% below this benchmark. Historically, China Resources Beverage (Holdings) Co's own Return-on-Tangible-Asset has ranged from 5.44 to 11.16 over the past decade. While the company's 10-year median is 9.62 vs. the industry median of 6.27, China Resources Beverage (Holdings) Co has consistently been below 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 Return-on-Tangible-Asset for a Beverages - Non-Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Non-Alcoholic companies is 6.27, based on 118 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. China Resources Beverage (Holdings) Co's current Return-on-Tangible-Asset of 2.01% is 67.9% 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 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 China Resources Beverage (Holdings) Co and its competitors. For the Beverages - Non-Alcoholic industry, the median Return-on-Tangible-Asset is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Beverage (Holdings) Co's current Return-on-Tangible-Asset is 2.01%, which is 79% below median its own 10-year median of 9.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Beverage (Holdings) Co stock overvalued right now?
China Resources Beverage (Holdings) Co (HKSE:02460) has a current Return-on-Tangible-Asset of 2.01%. The current Return-on-Tangible-Asset is 2.01%, which is 79% below median its 10-year median of 9.62 and 67.9% below the Beverages - Non-Alcoholic industry median of 6.27. China Resources Beverage (Holdings) Co's overall GF Score™ is 20/100 with 5 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 China Resources Beverage (Holdings) Co (HKSE:02460), the current Return-on-Tangible-Asset is 2.01% 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.
China Resources Beverage is the second-largest bottled water producer in China and a subsidiary of China Resources Group, a state-owned conglomerate. The bottled water business accounts for around 90% of the company's revenue, with C'estbon being the flagship product. The company has been leveraging its distribution network developed for water products to expand the scale of its nonwater beverages products, which accounts for roughly 10% of the company's revenue.
20GF Score
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