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SHSE:600916's Return-on-Tangible-Asset is ranked worse than 55.8% of 1138
companies
in the Retail - Cyclical industry
Industry Median: 2.98
vs SHSE:600916: 2.30
China National Gold Group Gold Jewellery Co (SHSE:600916) 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 National Gold Group Gold Jewellery Co Return-on-Tangible-Asset Related Terms
China National Gold Group Gold Jewellery 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 National Gold Group Gold Jewellery Co Return-on-Tangible-Asset Chart
China National Gold Group Gold Jewellery Co Annual Data
SHSE:600916 vs TPR: Return-on-Tangible-Asset Comparison
For the Luxury Goods subindustry, China National Gold Group Gold Jewellery 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 National Gold Group Gold Jewellery Co Return-on-Tangible-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, China National Gold Group Gold Jewellery Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China National Gold Group Gold Jewellery 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 5.06% mean?
China National Gold Group Gold Jewellery Co (SHSE:600916) has a Return-on-Tangible-Asset of 5.06% 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 National Gold Group Gold Jewellery Co and its competitors. This is 11% below median its historical median of 5.68. Over the past decade, China National Gold Group Gold Jewellery Co's Return-on-Tangible-Asset has ranged from 2.17 to 7.88. According to the industry distribution chart, China National Gold Group Gold Jewellery Co ranks #635 out of 1138 companies in the Retail - Cyclical industry, placing it in the top 55.8%.
Is China National Gold Group Gold Jewellery Co's Return-on-Tangible-Asset too high?
China National Gold Group Gold Jewellery Co's current Return-on-Tangible-Asset of 5.06% is 11% below median its 10-year median of 5.68. Over the past 10 years, this metric has ranged from a low of 2.17 to a high of 7.88. The Retail - Cyclical industry median Return-on-Tangible-Asset is 2.98. China National Gold Group Gold Jewellery Co's value of 5.06% is 69.8% above this industry median. Based on the distribution chart, China National Gold Group Gold Jewellery Co ranks #635 out of 1138 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, China National Gold Group Gold Jewellery Co has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China National Gold Group Gold Jewellery Co's Return-on-Tangible-Asset compare to TPR?
According to the Retail - Cyclical industry distribution chart, China National Gold Group Gold Jewellery Co ranks #635 out of 1138 companies for Return-on-Tangible-Asset. This places China National Gold Group Gold Jewellery Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.98. China National Gold Group Gold Jewellery Co's value of 5.06% is 69.8% above this benchmark. Historically, China National Gold Group Gold Jewellery Co's own Return-on-Tangible-Asset has ranged from 2.17 to 7.88 over the past decade. While the company's 10-year median is 5.68 vs. the industry median of 2.98, China National Gold Group Gold Jewellery 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 Retail - Cyclical company?
The median Return-on-Tangible-Asset among Retail - Cyclical companies is 2.98, based on 1,138 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 National Gold Group Gold Jewellery Co's current Return-on-Tangible-Asset of 5.06% is 69.8% 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 China National Gold Group Gold Jewellery Co and its competitors. For the Retail - Cyclical industry, the median Return-on-Tangible-Asset is 2.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China National Gold Group Gold Jewellery Co's current Return-on-Tangible-Asset is 5.06%, which is 11% below median its own 10-year median of 5.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China National Gold Group Gold Jewellery Co stock overvalued right now?
Based on GuruFocus' analysis, China National Gold Group Gold Jewellery Co (SHSE:600916) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥10.76, compared to a current price of ¥7.53 — trading 30% below its estimated fair value. The current Return-on-Tangible-Asset is 5.06%, which is 11% below median its 10-year median of 5.68 and 69.8% above the Retail - Cyclical industry median of 2.98. China National Gold Group Gold Jewellery Co's overall GF Score™ is 79/100 with 1 warning sign 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 National Gold Group Gold Jewellery Co (SHSE:600916), the current Return-on-Tangible-Asset is 5.06% 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 National Gold Group Gold Jewellery Co (SHSE:600916) Overvalued in 2026?
Based on GuruFocus' analysis, China National Gold Group Gold Jewellery Co stock appears to be undervalued.
The current stock price of ¥7.53 is trading 30% below its estimated GF Value™ of ¥10.76.
GuruFocus considers China National Gold Group Gold Jewellery Co to be Significantly Undervalued.
Key valuation signals for SHSE:600916:
Return-on-Tangible-Asset: 5.06% (11% below median its 10-year median of 5.68)
GF Value™: ¥10.76 vs. price of ¥7.53 (30% below fair value)
Industry Position: 69.8% above the Retail - Cyclical median (#635 of 1138)
No single metric tells the full story. See the SHSE:600916 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China National Gold Group Gold Jewellery Co Ltd is a professional gold jewelry production and sales enterprise specializing in the operation of the China Gold brand.
79GF Score
Get the complete analysis for SHSE:600916
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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