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The historical rank and industry rank for Ningbo Haitian Precision Machinery Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:601882'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.53 Med: 7.2 Max: 14.05
Current: 8.99
During the past 13 years, Ningbo Haitian Precision Machinery Co's highest Return-on-Tangible-Asset was 14.05%. The lowest was 3.53%. And the median was 7.20%.
SHSE:601882's Return-on-Tangible-Asset is ranked better than 81.31% of 3077
companies
in the Industrial Products industry
Industry Median: 3.32
vs SHSE:601882: 8.99
Ningbo Haitian Precision Machinery Co (SHSE:601882) 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.
Ningbo Haitian Precision Machinery Co Return-on-Tangible-Asset Related Terms
Ningbo Haitian Precision Machinery 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.
Ningbo Haitian Precision Machinery Co Return-on-Tangible-Asset Chart
SHSE:601882 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Ningbo Haitian Precision Machinery 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.
Ningbo Haitian Precision Machinery Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ningbo Haitian Precision Machinery Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ningbo Haitian Precision Machinery 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 8.65% mean?
Ningbo Haitian Precision Machinery Co (SHSE:601882) has a Return-on-Tangible-Asset of 8.65% 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 Ningbo Haitian Precision Machinery Co and its competitors. This is 20% above median its historical median of 7.20. Over the past decade, Ningbo Haitian Precision Machinery Co's Return-on-Tangible-Asset has ranged from 3.53 to 14.05. According to the industry distribution chart, Ningbo Haitian Precision Machinery Co ranks #575 out of 3077 companies in the Industrial Products industry, placing it in the top 18.7%.
Is Ningbo Haitian Precision Machinery Co's Return-on-Tangible-Asset too high?
Ningbo Haitian Precision Machinery Co's current Return-on-Tangible-Asset of 8.65% is 20% above median its 10-year median of 7.20. Over the past 10 years, this metric has ranged from a low of 3.53 to a high of 14.05. The Industrial Products industry median Return-on-Tangible-Asset is 3.32. Ningbo Haitian Precision Machinery Co's value of 8.65% is 160.5% above this industry median. Based on the distribution chart, Ningbo Haitian Precision Machinery Co ranks #575 out of 3077 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Haitian Precision Machinery Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Haitian Precision Machinery Co's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Ningbo Haitian Precision Machinery Co ranks #575 out of 3077 companies for Return-on-Tangible-Asset. This places Ningbo Haitian Precision Machinery Co in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.32. Ningbo Haitian Precision Machinery Co's value of 8.65% is 160.5% above this benchmark. Historically, Ningbo Haitian Precision Machinery Co's own Return-on-Tangible-Asset has ranged from 3.53 to 14.05 over the past decade. While the company's 10-year median is 7.20 vs. the industry median of 3.32, Ningbo Haitian Precision Machinery 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.32, based on 3,077 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. Ningbo Haitian Precision Machinery Co's current Return-on-Tangible-Asset of 8.65% is 160.5% 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 Ningbo Haitian Precision Machinery Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Haitian Precision Machinery Co's current Return-on-Tangible-Asset is 8.65%, which is 20% above median its own 10-year median of 7.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Haitian Precision Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Haitian Precision Machinery Co (SHSE:601882) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥23.76, compared to a current price of ¥20.41 — trading 14.1% below its estimated fair value. The current Return-on-Tangible-Asset is 8.65%, which is 20% above median its 10-year median of 7.20 and 160.5% above the Industrial Products industry median of 3.32. Ningbo Haitian Precision Machinery Co's overall GF Score™ is 95/100 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 Ningbo Haitian Precision Machinery Co (SHSE:601882), the current Return-on-Tangible-Asset is 8.65% 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 Ningbo Haitian Precision Machinery Co (SHSE:601882) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Haitian Precision Machinery Co stock appears to be undervalued.
The current stock price of ¥20.41 is trading 14.1% below its estimated GF Value™ of ¥23.76.
GuruFocus considers Ningbo Haitian Precision Machinery Co to be Modestly Undervalued.
Key valuation signals for SHSE:601882:
Return-on-Tangible-Asset: 8.65% (20% above median its 10-year median of 7.20)
GF Value™: ¥23.76 vs. price of ¥20.41 (14.1% below fair value)
Industry Position: 160.5% above the Industrial Products median (#575 of 3077)
No single metric tells the full story. See the SHSE:601882 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Haitian Precision Machinery Co Ltd is the manufacturer of machine tools. The company produces a line of machine tools that includes horizontal machining centre series, vertical machining centre series, double-column machining centre series, CNC lathe/turning centre and milling machining centre series and high-speed double-column machining centre series. Its products are mainly used in military, automotive, aerospace, locomotive, energy, shipping and other industry sectors.
95GF Score
Get the complete analysis for SHSE:601882
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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