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Henan Mingtai Al Industrial CoSHSE:601677 +2.46%92 Return-on-Tangible-Asset is 10.15% as of Mar. 2026, which is 27% above its 10-year median of 7.99. GuruFocus rates SHSE:601677 with a GF Score™ of 92/100 and a GF Value™ of ¥16.04 (Fairly Valued). The stock has 3 warning signs investors should review. Among 2,666 Metals & Mining companies, Henan Mingtai Al Industrial Co ranks better than 85.78% on this metric.
The historical rank and industry rank for Henan Mingtai Al Industrial Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:601677'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.77 Med: 7.99 Max: 11.99
Current: 8.23
During the past 13 years, Henan Mingtai Al Industrial Co's highest Return-on-Tangible-Asset was 11.99%. The lowest was 4.77%. And the median was 7.99%.
SHSE:601677's Return-on-Tangible-Asset is ranked better than 85.78% of 2666
companies
in the Metals & Mining industry
Industry Median: -16.98
vs SHSE:601677: 8.23
Henan Mingtai Al Industrial Co (SHSE:601677) 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.
Henan Mingtai Al Industrial Co Return-on-Tangible-Asset Related Terms
Henan Mingtai Al Industrial 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.
Henan Mingtai Al Industrial Co Return-on-Tangible-Asset Chart
SHSE:601677 vs AA: Return-on-Tangible-Asset Comparison
For the Aluminum subindustry, Henan Mingtai Al Industrial 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.
Henan Mingtai Al Industrial Co Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Henan Mingtai Al Industrial Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Henan Mingtai Al Industrial 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 10.15% mean?
Henan Mingtai Al Industrial Co (SHSE:601677) has a Return-on-Tangible-Asset of 10.15% 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 Henan Mingtai Al Industrial Co and its competitors. This is 27% above median its historical median of 7.99. Over the past decade, Henan Mingtai Al Industrial Co's Return-on-Tangible-Asset has ranged from 4.77 to 11.99. According to the industry distribution chart, Henan Mingtai Al Industrial Co ranks #379 out of 2666 companies in the Metals & Mining industry, placing it in the top 14.2%.
Is Henan Mingtai Al Industrial Co's Return-on-Tangible-Asset too high?
Henan Mingtai Al Industrial Co's current Return-on-Tangible-Asset of 10.15% is 27% above median its 10-year median of 7.99. Over the past 10 years, this metric has ranged from a low of 4.77 to a high of 11.99. Based on the distribution chart, Henan Mingtai Al Industrial Co ranks #379 out of 2666 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Henan Mingtai Al Industrial Co has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Henan Mingtai Al Industrial Co's Return-on-Tangible-Asset compare to AA?
According to the Metals & Mining industry distribution chart, Henan Mingtai Al Industrial Co ranks #379 out of 2666 companies for Return-on-Tangible-Asset. This places Henan Mingtai Al Industrial Co in the top 14% of its industry — outperforming the majority of peers. Historically, Henan Mingtai Al Industrial Co's own Return-on-Tangible-Asset has ranged from 4.77 to 11.99 over the past decade. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. 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 Henan Mingtai Al Industrial Co and its competitors. Henan Mingtai Al Industrial Co's current Return-on-Tangible-Asset is 10.15%, which is 27% above median its own 10-year median of 7.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henan Mingtai Al Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Henan Mingtai Al Industrial Co (SHSE:601677) is currently considered Fairly Valued. The stock's GF Value™ is ¥16.04, compared to a current price of ¥16.68 — trading 4% above its estimated fair value. The current Return-on-Tangible-Asset is 10.15%, which is 27% above median its 10-year median of 7.99. Henan Mingtai Al Industrial Co's overall GF Score™ is 92/100 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 Henan Mingtai Al Industrial Co (SHSE:601677), the current Return-on-Tangible-Asset is 10.15% 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 Henan Mingtai Al Industrial Co (SHSE:601677) Overvalued in 2026?
Based on GuruFocus' analysis, Henan Mingtai Al Industrial Co stock appears to be overvalued.
The current stock price of ¥16.68 is trading 4% above its estimated GF Value™ of ¥16.04.
GuruFocus considers Henan Mingtai Al Industrial Co to be Fairly Valued.
Key valuation signals for SHSE:601677:
Return-on-Tangible-Asset: 10.15% (27% above median its 10-year median of 7.99)
GF Value™: ¥16.04 vs. price of ¥16.68 (4% above fair value)
No single metric tells the full story. See the SHSE:601677 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Henan Mingtai Al Industrial Co Ltd is a China based aluminum processing enterprise. It is involved in the producing and selling aluminum products. The products offered by the company include CTP plate stock, PS plate stock, aluminum electrode capacitor foil, foil stock, deep-draw stock, brazing sheet, alloy sheet and plate, and others. The products are used in different industries such as automobile making, traffic and transportation, packaging and containers, buildings and decorations, electrical and electronic, printing, among others. The company has the business presence in China and other international countries.
92GF Score
Get the complete analysis for SHSE:601677
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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