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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. Guizhou Wire Rope Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥-218 Mil. Guizhou Wire Rope Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥4,144 Mil. Therefore, Guizhou Wire Rope Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -5.27%.
The historical rank and industry rank for Guizhou Wire Rope Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:600992'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.04 Med: 1.03 Max: 1.21
Current: -0.08
During the past 13 years, Guizhou Wire Rope Co's highest Return-on-Tangible-Asset was 1.21%. The lowest was -1.04%. And the median was 1.03%.
SHSE:600992's Return-on-Tangible-Asset is ranked worse than 69.29% of 635
companies
in the Steel industry
Industry Median: 2.07
vs SHSE:600992: -0.08
Guizhou Wire Rope Co (SHSE:600992) 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.
Guizhou Wire Rope Co Return-on-Tangible-Asset Related Terms
Guizhou Wire Rope Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Guizhou Wire Rope 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.
Guizhou Wire Rope Co Return-on-Tangible-Asset Chart
SHSE:600992 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Guizhou Wire Rope 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.
Guizhou Wire Rope Co Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Guizhou Wire Rope Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Guizhou Wire Rope 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 -5.27% mean?
Guizhou Wire Rope Co (SHSE:600992) has a Return-on-Tangible-Asset of -5.27% 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 Guizhou Wire Rope Co and its competitors. According to the industry distribution chart, Guizhou Wire Rope Co ranks #440 out of 635 companies in the Steel industry, placing it in the top 69.3%.
Is Guizhou Wire Rope Co's Return-on-Tangible-Asset too high?
Guizhou Wire Rope Co's current Return-on-Tangible-Asset is -5.27%. Based on the distribution chart, Guizhou Wire Rope Co ranks #440 out of 635 companies in the Steel industry, which is below the industry midpoint. Overall, Guizhou Wire Rope Co has a GF Score™ of 42/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Guizhou Wire Rope Co's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Guizhou Wire Rope Co ranks #440 out of 635 companies for Return-on-Tangible-Asset. This places Guizhou Wire Rope Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.07. 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.07, based on 635 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. 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 Guizhou Wire Rope Co and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guizhou Wire Rope Co's current Return-on-Tangible-Asset is -5.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guizhou Wire Rope Co stock overvalued right now?
Based on GuruFocus' analysis, Guizhou Wire Rope Co (SHSE:600992) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥13.89, compared to a current price of ¥9.86 — trading 29% below its estimated fair value. The current Return-on-Tangible-Asset is -5.27%. Guizhou Wire Rope Co's overall GF Score™ is 42/100 with 7 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 Guizhou Wire Rope Co (SHSE:600992), the current Return-on-Tangible-Asset is -5.27% 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 Guizhou Wire Rope Co (SHSE:600992) Overvalued in 2026?
Based on GuruFocus' analysis, Guizhou Wire Rope Co stock appears to be undervalued.
The current stock price of ¥9.86 is trading 29% below its estimated GF Value™ of ¥13.89.
GuruFocus considers Guizhou Wire Rope Co to be Modestly Undervalued.
Key valuation signals for SHSE:600992:
Return-on-Tangible-Asset: -5.27%
GF Value™: ¥13.89 vs. price of ¥9.86 (29% below fair value)
No single metric tells the full story. See the SHSE:600992 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guizhou Wire Rope Co Ltd is a China-based company operating in the steel industry. The firm is engaged in the production, processing, and sales of steel wire rope, steel wire and steel strand, and related materials, equipment and technology research. The products offered by the company include single strand wire rope, four strands of wire rope, point contact wire rope, fishing wire rope, aviation wire rope, sealed wire rope, oil wire rope, galvanized steel strand, limb rigging, among others. Its products are used in mining, elevator, port machinery, aerospace, ship and bridge building.
42GF Score
Get the complete analysis for SHSE:600992
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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