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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. Liaoning Shidai Waheng Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥-47.1 Mil. Liaoning Shidai Waheng Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥1,162.8 Mil. Therefore, Liaoning Shidai Waheng Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -4.05%.
The historical rank and industry rank for Liaoning Shidai Waheng Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600241'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -19.46 Med: -1.74 Max: 4.56
Current: -12.38
During the past 13 years, Liaoning Shidai Waheng Co's highest Return-on-Tangible-Asset was 4.56%. The lowest was -19.46%. And the median was -1.74%.
SHSE:600241's Return-on-Tangible-Asset is ranked worse than 91.73% of 1064
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.2
vs SHSE:600241: -12.38
Liaoning Shidai Waheng Co (SHSE:600241) 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.
Liaoning Shidai Waheng Co Return-on-Tangible-Asset Related Terms
Liaoning Shidai Waheng Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Liaoning Shidai Waheng 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.
Liaoning Shidai Waheng Co Return-on-Tangible-Asset Chart
SHSE:600241 vs RL, LEVI, VFC: Return-on-Tangible-Asset Comparison
For the Apparel Manufacturing subindustry, Liaoning Shidai Waheng 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.
Liaoning Shidai Waheng Co Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Liaoning Shidai Waheng Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Liaoning Shidai Waheng 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 four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -4.05% mean?
Liaoning Shidai Waheng Co (SHSE:600241) has a Return-on-Tangible-Asset of -4.05% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Liaoning Shidai Waheng Co and its competitors. According to the industry distribution chart, Liaoning Shidai Waheng Co ranks #976 out of 1064 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 91.7%.
Is Liaoning Shidai Waheng Co's Return-on-Tangible-Asset too high?
Liaoning Shidai Waheng Co's current Return-on-Tangible-Asset is -4.05%. Based on the distribution chart, Liaoning Shidai Waheng Co ranks #976 out of 1064 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Liaoning Shidai Waheng Co has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Liaoning Shidai Waheng Co's Return-on-Tangible-Asset compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Liaoning Shidai Waheng Co ranks #976 out of 1064 companies for Return-on-Tangible-Asset. This places Liaoning Shidai Waheng Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.20. 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.20, based on 1,064 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 Liaoning Shidai Waheng Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liaoning Shidai Waheng Co's current Return-on-Tangible-Asset is -4.05%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liaoning Shidai Waheng Co stock overvalued right now?
Based on GuruFocus' analysis, Liaoning Shidai Waheng Co (SHSE:600241) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥6.26, compared to a current price of ¥7.23 — trading 15.5% above its estimated fair value. The current Return-on-Tangible-Asset is -4.05%. Liaoning Shidai Waheng Co's overall GF Score™ is 58/100 with 2 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 Liaoning Shidai Waheng Co (SHSE:600241), the current Return-on-Tangible-Asset is -4.05% 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 Liaoning Shidai Waheng Co (SHSE:600241) Overvalued in 2026?
Based on GuruFocus' analysis, Liaoning Shidai Waheng Co stock appears to be overvalued.
The current stock price of ¥7.23 is trading 15.5% above its estimated GF Value™ of ¥6.26.
GuruFocus considers Liaoning Shidai Waheng Co to be Modestly Overvalued.
Key valuation signals for SHSE:600241:
Return-on-Tangible-Asset: -4.05%
GF Value™: ¥6.26 vs. price of ¥7.23 (15.5% above fair value)
No single metric tells the full story. See the SHSE:600241 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Liaoning Shidai Waheng Co Ltd is a China based company engaged in the apparel business. It is also involved in the provision of garment processing, fabric printing and dyeing, and freight forwarding services. Further, the group is also engaged in the development and sale of real estate properties; and financial equity investment activities.
58GF Score
Get the complete analysis for SHSE:600241
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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