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SHSE:600973's Return-on-Tangible-Asset is ranked worse than 73.38% of 3080
companies
in the Industrial Products industry
Industry Median: 3.355
vs SHSE:600973: -0.08
Baosheng Science And Technology Innovation Co (SHSE:600973) 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.
Baosheng Science And Technology Innovation Co Return-on-Tangible-Asset Related Terms
Baosheng Science And Technology Innovation 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.
Baosheng Science And Technology Innovation Co Return-on-Tangible-Asset Chart
Baosheng Science And Technology Innovation Co Annual Data
SHSE:600973 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Baosheng Science And Technology Innovation 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.
Baosheng Science And Technology Innovation Co Return-on-Tangible-Asset vs Industrial Products Industry
* 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 0.93% mean?
Baosheng Science And Technology Innovation Co (SHSE:600973) has a Return-on-Tangible-Asset of 0.93% 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 Baosheng Science And Technology Innovation Co and its competitors. This is 86% above median its historical median of 0.50. According to the industry distribution chart, Baosheng Science And Technology Innovation Co ranks #2260 out of 3080 companies in the Industrial Products industry, placing it in the top 73.4%.
Is Baosheng Science And Technology Innovation Co's Return-on-Tangible-Asset too high?
Baosheng Science And Technology Innovation Co's current Return-on-Tangible-Asset of 0.93% is 86% above median its 10-year median of 0.50. The Industrial Products industry median Return-on-Tangible-Asset is 3.36. Baosheng Science And Technology Innovation Co's value of 0.93% is 72.3% below this industry median. Based on the distribution chart, Baosheng Science And Technology Innovation Co ranks #2260 out of 3080 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Baosheng Science And Technology Innovation Co has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Baosheng Science And Technology Innovation Co's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Baosheng Science And Technology Innovation Co ranks #2260 out of 3080 companies for Return-on-Tangible-Asset. This places Baosheng Science And Technology Innovation Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.36. Baosheng Science And Technology Innovation Co's value of 0.93% is 72.3% below this benchmark. While the company's 10-year median is 0.50 vs. the industry median of 3.36, Baosheng Science And Technology Innovation 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.36, based on 3,080 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. Baosheng Science And Technology Innovation Co's current Return-on-Tangible-Asset of 0.93% is 72.3% 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 Baosheng Science And Technology Innovation Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baosheng Science And Technology Innovation Co's current Return-on-Tangible-Asset is 0.93%, which is 86% above median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baosheng Science And Technology Innovation Co stock overvalued right now?
Based on GuruFocus' analysis, Baosheng Science And Technology Innovation Co (SHSE:600973) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥5.25, compared to a current price of ¥5.95 — trading 13.3% above its estimated fair value. The current Return-on-Tangible-Asset is 0.93%, which is 86% above median its 10-year median of 0.50 and 72.3% below the Industrial Products industry median of 3.36. Baosheng Science And Technology Innovation Co's overall GF Score™ is 64/100 with 5 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 Baosheng Science And Technology Innovation Co (SHSE:600973), the current Return-on-Tangible-Asset is 0.93% 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 Baosheng Science And Technology Innovation Co (SHSE:600973) Overvalued in 2026?
Based on GuruFocus' analysis, Baosheng Science And Technology Innovation Co stock appears to be overvalued.
The current stock price of ¥5.95 is trading 13.3% above its estimated GF Value™ of ¥5.25.
GuruFocus considers Baosheng Science And Technology Innovation Co to be Modestly Overvalued.
Key valuation signals for SHSE:600973:
Return-on-Tangible-Asset: 0.93% (86% above median its 10-year median of 0.50)
GF Value™: ¥5.25 vs. price of ¥5.95 (13.3% above fair value)
Industry Position: 72.3% below the Industrial Products median (#2260 of 3080)
No single metric tells the full story. See the SHSE:600973 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Baosheng Science And Technology Innovation Co Ltd is a China-based company engaged in the wire and cable industry. It offers engineering, smart city, traffic, new energy wires and cables; military and aerospace cable assembly systems; locomotive cable assembly systems, military cable assembly systems and nuclear cable assembly systems. Geographically, the activities are carried out through China.
64GF Score
Get the complete analysis for SHSE:600973
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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