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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. China Security Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥113 Mil. China Security Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥3,205 Mil. Therefore, China Security Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.54%.
The historical rank and industry rank for China Security Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600654'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -42.14 Med: -2.01 Max: 3.52
Current: 2.24
During the past 13 years, China Security Co's highest Return-on-Tangible-Asset was 3.52%. The lowest was -42.14%. And the median was -2.01%.
SHSE:600654's Return-on-Tangible-Asset is ranked worse than 61.33% of 1094
companies
in the Business Services industry
Industry Median: 4.165
vs SHSE:600654: 2.24
China Security Co (SHSE:600654) 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 Security Co Return-on-Tangible-Asset Related Terms
China Security Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for China Security 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.
SHSE:600654 vs ALLE, MSA, ADT: Return-on-Tangible-Asset Comparison
For the Security & Protection Services subindustry, China Security 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 Security Co Return-on-Tangible-Asset vs Business Services Industry
For the Business Services industry and Industrials sector, China Security Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Security 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 3.54% mean?
China Security Co (SHSE:600654) has a Return-on-Tangible-Asset of 3.54% 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 China Security Co and its competitors. According to the industry distribution chart, China Security Co ranks #671 out of 1094 companies in the Business Services industry, placing it in the top 61.3%.
Is China Security Co's Return-on-Tangible-Asset too high?
China Security Co's current Return-on-Tangible-Asset is 3.54%. The Business Services industry median Return-on-Tangible-Asset is 4.17. China Security Co's value of 3.54% is 15% below this industry median. Based on the distribution chart, China Security Co ranks #671 out of 1094 companies in the Business Services industry, which is below the industry midpoint. Overall, China Security Co has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does China Security Co's Return-on-Tangible-Asset compare to ALLE and MSA?
According to the Business Services industry distribution chart, China Security Co ranks #671 out of 1094 companies for Return-on-Tangible-Asset. This places China Security Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.17. China Security Co's value of 3.54% is 15% below this benchmark. 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 4.17, based on 1,094 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 Security Co's current Return-on-Tangible-Asset of 3.54% is 15% 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 Security Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 4.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Security Co's current Return-on-Tangible-Asset is 3.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Security Co stock overvalued right now?
Based on GuruFocus' analysis, China Security Co (SHSE:600654) is currently considered Fairly Valued. The stock's GF Value™ is ¥2.88, compared to a current price of ¥2.95 — trading 2.4% above its estimated fair value. The current Return-on-Tangible-Asset is 3.54% and 15% below the Business Services industry median of 4.17. China Security Co's overall GF Score™ is 53/100 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 China Security Co (SHSE:600654), the current Return-on-Tangible-Asset is 3.54% 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 China Security Co (SHSE:600654) Overvalued in 2026?
Based on GuruFocus' analysis, China Security Co stock appears to be overvalued.
The current stock price of ¥2.95 is trading 2.4% above its estimated GF Value™ of ¥2.88.
GuruFocus considers China Security Co to be Fairly Valued.
Key valuation signals for SHSE:600654:
Return-on-Tangible-Asset: 3.54%
GF Value™: ¥2.88 vs. price of ¥2.95 (2.4% above fair value)
Industry Position: 15% below the Business Services median (#671 of 1094)
No single metric tells the full story. See the SHSE:600654 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Security Co Ltd is a professional smart city system integrator and comprehensive security service provider in China. It is involved in system integration and product manufacture. Its domestic business includes Public Safety, Smart Living, Smart Industry, and Smart Integration. Its international business includes Cash Logistics Management, Property Security Service, Electronic Security Service, Guard Security Services, Facility Management Service, and Extended Security Services.
53GF Score
Get the complete analysis for SHSE:600654
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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