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Heilongjiang Agriculture CoSHSE:600598 +3.04%71 Return-on-Tangible-Asset is 19.55% as of Mar. 2026, which is 59% above its 10-year median of 12.31. GuruFocus rates SHSE:600598 with a GF Score™ of 71/100 and a GF Value™ of ¥15.04 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,995 Consumer Packaged Goods companies, Heilongjiang Agriculture Co ranks better than 80.9% on this metric.
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. Heilongjiang Agriculture Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥2,324 Mil. Heilongjiang Agriculture Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥11,887 Mil. Therefore, Heilongjiang Agriculture Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 19.55%.
The historical rank and industry rank for Heilongjiang Agriculture Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600598'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.69 Med: 12.31 Max: 13.21
Current: 10.05
During the past 13 years, Heilongjiang Agriculture Co's highest Return-on-Tangible-Asset was 13.21%. The lowest was 9.69%. And the median was 12.31%.
SHSE:600598's Return-on-Tangible-Asset is ranked better than 80.9% of 1995
companies
in the Consumer Packaged Goods industry
Industry Median: 3.52
vs SHSE:600598: 10.05
Heilongjiang Agriculture Co (SHSE:600598) 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.
Heilongjiang Agriculture Co Return-on-Tangible-Asset Related Terms
Heilongjiang Agriculture 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.
Heilongjiang Agriculture Co Return-on-Tangible-Asset Chart
SHSE:600598 vs ADM, BG, TSN: Return-on-Tangible-Asset Comparison
For the Farm Products subindustry, Heilongjiang Agriculture 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.
Heilongjiang Agriculture Co Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Heilongjiang Agriculture Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Heilongjiang Agriculture 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 19.55% mean?
Heilongjiang Agriculture Co (SHSE:600598) has a Return-on-Tangible-Asset of 19.55% 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 Heilongjiang Agriculture Co and its competitors. This is 59% above median its historical median of 12.31. Over the past decade, Heilongjiang Agriculture Co's Return-on-Tangible-Asset has ranged from 9.69 to 13.21. According to the industry distribution chart, Heilongjiang Agriculture Co ranks #381 out of 1995 companies in the Consumer Packaged Goods industry, placing it in the top 19.1%.
Is Heilongjiang Agriculture Co's Return-on-Tangible-Asset too high?
Heilongjiang Agriculture Co's current Return-on-Tangible-Asset of 19.55% is 59% above median its 10-year median of 12.31. Over the past 10 years, this metric has ranged from a low of 9.69 to a high of 13.21. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.52. Heilongjiang Agriculture Co's value of 19.55% is 455.4% above this industry median. Based on the distribution chart, Heilongjiang Agriculture Co ranks #381 out of 1995 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Heilongjiang Agriculture Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Heilongjiang Agriculture Co's Return-on-Tangible-Asset compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Heilongjiang Agriculture Co ranks #381 out of 1995 companies for Return-on-Tangible-Asset. This places Heilongjiang Agriculture Co in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.52. Heilongjiang Agriculture Co's value of 19.55% is 455.4% above this benchmark. Historically, Heilongjiang Agriculture Co's own Return-on-Tangible-Asset has ranged from 9.69 to 13.21 over the past decade. While the company's 10-year median is 12.31 vs. the industry median of 3.52, Heilongjiang Agriculture Co has consistently been above 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 Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.52, based on 1,995 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. Heilongjiang Agriculture Co's current Return-on-Tangible-Asset of 19.55% is 455.4% above 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 Heilongjiang Agriculture Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heilongjiang Agriculture Co's current Return-on-Tangible-Asset is 19.55%, which is 59% above median its own 10-year median of 12.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heilongjiang Agriculture Co stock overvalued right now?
Based on GuruFocus' analysis, Heilongjiang Agriculture Co (SHSE:600598) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥15.04, compared to a current price of ¥12.21 — trading 18.8% below its estimated fair value. The current Return-on-Tangible-Asset is 19.55%, which is 59% above median its 10-year median of 12.31 and 455.4% above the Consumer Packaged Goods industry median of 3.52. Heilongjiang Agriculture Co's overall GF Score™ is 71/100 with 6 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 Heilongjiang Agriculture Co (SHSE:600598), the current Return-on-Tangible-Asset is 19.55% 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 Heilongjiang Agriculture Co (SHSE:600598) Overvalued in 2026?
Based on GuruFocus' analysis, Heilongjiang Agriculture Co stock appears to be undervalued.
The current stock price of ¥12.21 is trading 18.8% below its estimated GF Value™ of ¥15.04.
GuruFocus considers Heilongjiang Agriculture Co to be Modestly Undervalued.
Key valuation signals for SHSE:600598:
Return-on-Tangible-Asset: 19.55% (59% above median its 10-year median of 12.31)
GF Value™: ¥15.04 vs. price of ¥12.21 (18.8% below fair value)
Industry Position: 455.4% above the Consumer Packaged Goods median (#381 of 1995)
No single metric tells the full story. See the SHSE:600598 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heilongjiang Agriculture Co Ltd is an agricultural company. It is engaged in the contracting and operating of cultivated land; production and sale of food crops such as rice and corn; technology, information, and services related to crop production; retail of fertilizers (only branches can operate these businesses); and real estate development and sales.
71GF Score
Get the complete analysis for SHSE:600598
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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