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HKSE:08286'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -27.07 Med: -19.6 Max: 4.65
Current: -15.92
During the past 13 years, Shanxi Changcheng Microlight Equipment Co's highest Return-on-Tangible-Asset was 4.65%. The lowest was -27.07%. And the median was -19.60%.
HKSE:08286's Return-on-Tangible-Asset is ranked worse than 89.63% of 2497
companies
in the Hardware industry
Industry Median: 2.91
vs HKSE:08286: -15.92
Shanxi Changcheng Microlight Equipment Co (HKSE:08286) 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.
Shanxi Changcheng Microlight Equipment Co Return-on-Tangible-Asset Related Terms
Shanxi Changcheng Microlight Equipment 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.
Shanxi Changcheng Microlight Equipment Co Return-on-Tangible-Asset Chart
Shanxi Changcheng Microlight Equipment Co Annual Data
HKSE:08286 vs CSCO, MSI, LITE: Return-on-Tangible-Asset Comparison
For the Communication Equipment subindustry, Shanxi Changcheng Microlight Equipment 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.
Shanxi Changcheng Microlight Equipment Co Return-on-Tangible-Asset vs Hardware Industry
* 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 -26.03% mean?
Shanxi Changcheng Microlight Equipment Co (HKSE:08286) has a Return-on-Tangible-Asset of -26.03% 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 Shanxi Changcheng Microlight Equipment Co and its competitors. According to the industry distribution chart, Shanxi Changcheng Microlight Equipment Co ranks #2238 out of 2497 companies in the Hardware industry, placing it in the top 89.6%.
Is Shanxi Changcheng Microlight Equipment Co's Return-on-Tangible-Asset too high?
Shanxi Changcheng Microlight Equipment Co's current Return-on-Tangible-Asset is -26.03%. Based on the distribution chart, Shanxi Changcheng Microlight Equipment Co ranks #2238 out of 2497 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Shanxi Changcheng Microlight Equipment Co has a GF Score™ of 36/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanxi Changcheng Microlight Equipment Co's Return-on-Tangible-Asset compare to CSCO and MSI?
According to the Hardware industry distribution chart, Shanxi Changcheng Microlight Equipment Co ranks #2238 out of 2497 companies for Return-on-Tangible-Asset. This places Shanxi Changcheng Microlight Equipment Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.91. 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.91, based on 2,497 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 Shanxi Changcheng Microlight Equipment Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanxi Changcheng Microlight Equipment Co's current Return-on-Tangible-Asset is -26.03%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanxi Changcheng Microlight Equipment Co stock overvalued right now?
Based on GuruFocus' analysis, Shanxi Changcheng Microlight Equipment Co (HKSE:08286) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.11 — trading 11.7% below its estimated fair value. The current Return-on-Tangible-Asset is -26.03%. Shanxi Changcheng Microlight Equipment Co's overall GF Score™ is 36/100 with 3 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 Shanxi Changcheng Microlight Equipment Co (HKSE:08286), the current Return-on-Tangible-Asset is -26.03% 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 Shanxi Changcheng Microlight Equipment Co (HKSE:08286) Overvalued in 2026?
Based on GuruFocus' analysis, Shanxi Changcheng Microlight Equipment Co stock appears to be undervalued.
The current stock price of HK$0.11 is trading 11.7% below its estimated GF Value™ of HK$0.12.
GuruFocus considers Shanxi Changcheng Microlight Equipment Co to be Modestly Undervalued.
Key valuation signals for HKSE:08286:
Return-on-Tangible-Asset: -26.03%
GF Value™: HK$0.12 vs. price of HK$0.11 (11.7% below fair value)
No single metric tells the full story. See the HKSE:08286 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanxi Changcheng Microlight Equipment Co Ltd is a China-based company engaged in the design, research, development, manufacture, and sale of image transmission fiber optic products. Image transmission fiber optics products manufactured by the company are image transmission devices containing a rigidly bundle of optical fibers arranged in an ordered fashion so that images can be transmitted from one end of the optical fiber bundle and displayed on the other end of the bundle. The company produces five main products, including fiber optic inverters, fiber optic straight plates, fiber optic face plates, fiber optic tapers and microchannel plates. The company geographically operates in PRC, Russia, Europe and Hong Kong, out of which PRC derives maximum revenue.
36GF Score
Get the complete analysis for HKSE:08286
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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