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Yongan Futures CoSHSE:600927 -0.76%41 Return-on-Tangible-Asset is 0.46% as of Jun. 2026, which is 80% below its 10-year median of 2.28. GuruFocus rates SHSE:600927 with a GF Score™ of 41/100. The stock has 3 warning signs investors should review. Among 814 Capital Markets companies, Yongan Futures Co ranks worse than 56.27% 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. Yongan Futures Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥436 Mil. Yongan Futures Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥95,146 Mil. Therefore, Yongan Futures Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 0.46%.
The historical rank and industry rank for Yongan Futures Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600927'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.81 Med: 2.28 Max: 3.04
Current: 0.95
During the past 13 years, Yongan Futures Co's highest Return-on-Tangible-Asset was 3.04%. The lowest was 0.81%. And the median was 2.28%.
SHSE:600927's Return-on-Tangible-Asset is ranked worse than 56.27% of 814
companies
in the Capital Markets industry
Industry Median: 1.61
vs SHSE:600927: 0.95
Yongan Futures Co (SHSE:600927) 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.
Yongan Futures Co Return-on-Tangible-Asset Related Terms
Yongan Futures Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Yongan Futures 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:600927 vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Yongan Futures 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.
Yongan Futures Co Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Yongan Futures Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Yongan Futures 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.46% mean?
Yongan Futures Co (SHSE:600927) has a Return-on-Tangible-Asset of 0.46% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Yongan Futures Co and its competitors. This is 80% below median its historical median of 2.28. Over the past decade, Yongan Futures Co's Return-on-Tangible-Asset has ranged from 0.81 to 3.04. According to the industry distribution chart, Yongan Futures Co ranks #458 out of 814 companies in the Capital Markets industry, placing it in the top 56.3%.
Is Yongan Futures Co's Return-on-Tangible-Asset too high?
Yongan Futures Co's current Return-on-Tangible-Asset of 0.46% is 80% below median its 10-year median of 2.28. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 3.04. The Capital Markets industry median Return-on-Tangible-Asset is 1.61. Yongan Futures Co's value of 0.46% is 71.4% below this industry median. Based on the distribution chart, Yongan Futures Co ranks #458 out of 814 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Yongan Futures Co has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Yongan Futures Co's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Yongan Futures Co ranks #458 out of 814 companies for Return-on-Tangible-Asset. This places Yongan Futures Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.61. Yongan Futures Co's value of 0.46% is 71.4% below this benchmark. Historically, Yongan Futures Co's own Return-on-Tangible-Asset has ranged from 0.81 to 3.04 over the past decade. While the company's 10-year median is 2.28 vs. the industry median of 1.61, Yongan Futures Co has consistently been below 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.61, based on 814 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. Yongan Futures Co's current Return-on-Tangible-Asset of 0.46% is 71.4% 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 Yongan Futures Co and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yongan Futures Co's current Return-on-Tangible-Asset is 0.46%, which is 80% below median its own 10-year median of 2.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yongan Futures Co stock overvalued right now?
Yongan Futures Co (SHSE:600927) has a current Return-on-Tangible-Asset of 0.46%. The current Return-on-Tangible-Asset is 0.46%, which is 80% below median its 10-year median of 2.28 and 71.4% below the Capital Markets industry median of 1.61. Yongan Futures Co's overall GF Score™ is 41/100 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 Yongan Futures Co (SHSE:600927), the current Return-on-Tangible-Asset is 0.46% as of Jun. 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.
Yongan Futures Co Ltd is engaged in the commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, fund sales.
41GF Score
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