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Hainan Mining CoSHSE:601969 +0.77%83 Return-on-Tangible-Asset is 5.71% as of Mar. 2026, which is 134% above its 10-year median of 2.44. GuruFocus rates SHSE:601969 with a GF Score™ of 83/100 and a GF Value™ of ¥8.94 (Fairly Valued). The stock has 5 warning signs investors should review. Among 634 Steel companies, Hainan Mining Co ranks better than 62.78% 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. Hainan Mining Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥803 Mil. Hainan Mining Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥14,059 Mil. Therefore, Hainan Mining Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.71%.
The historical rank and industry rank for Hainan Mining Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:601969'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.75 Med: 2.44 Max: 9.02
Current: 3.47
During the past 13 years, Hainan Mining Co's highest Return-on-Tangible-Asset was 9.02%. The lowest was -7.75%. And the median was 2.44%.
SHSE:601969's Return-on-Tangible-Asset is ranked better than 62.78% of 634
companies
in the Steel industry
Industry Median: 2.125
vs SHSE:601969: 3.47
Hainan Mining Co (SHSE:601969) 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.
Hainan Mining Co Return-on-Tangible-Asset Related Terms
Hainan Mining Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hainan Mining 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:601969 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Hainan Mining 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.
Hainan Mining Co Return-on-Tangible-Asset vs Steel Industry
For the Steel industry and Basic Materials sector, Hainan Mining Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hainan Mining 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 5.71% mean?
Hainan Mining Co (SHSE:601969) has a Return-on-Tangible-Asset of 5.71% 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 Hainan Mining Co and its competitors. This is 134% above median its historical median of 2.44. According to the industry distribution chart, Hainan Mining Co ranks #236 out of 634 companies in the Steel industry, placing it in the top 37.2%.
Is Hainan Mining Co's Return-on-Tangible-Asset too high?
Hainan Mining Co's current Return-on-Tangible-Asset of 5.71% is 134% above median its 10-year median of 2.44. The Steel industry median Return-on-Tangible-Asset is 2.13. Hainan Mining Co's value of 5.71% is 168.7% above this industry median. Based on the distribution chart, Hainan Mining Co ranks #236 out of 634 companies in the Steel industry, which is above the industry midpoint. Overall, Hainan Mining Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hainan Mining Co's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Hainan Mining Co ranks #236 out of 634 companies for Return-on-Tangible-Asset. This puts Hainan Mining Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.13. Hainan Mining Co's value of 5.71% is 168.7% above this benchmark. While the company's 10-year median is 2.44 vs. the industry median of 2.13, Hainan Mining 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 a Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.13, based on 634 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. Hainan Mining Co's current Return-on-Tangible-Asset of 5.71% is 168.7% 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 Hainan Mining Co and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hainan Mining Co's current Return-on-Tangible-Asset is 5.71%, which is 134% above median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hainan Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Hainan Mining Co (SHSE:601969) is currently considered Fairly Valued. The stock's GF Value™ is ¥8.94, compared to a current price of ¥9.18 — trading 2.7% above its estimated fair value. The current Return-on-Tangible-Asset is 5.71%, which is 134% above median its 10-year median of 2.44 and 168.7% above the Steel industry median of 2.13. Hainan Mining Co's overall GF Score™ is 83/100 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 Hainan Mining Co (SHSE:601969), the current Return-on-Tangible-Asset is 5.71% 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 Hainan Mining Co (SHSE:601969) Overvalued in 2026?
Based on GuruFocus' analysis, Hainan Mining Co stock appears to be overvalued.
The current stock price of ¥9.18 is trading 2.7% above its estimated GF Value™ of ¥8.94.
GuruFocus considers Hainan Mining Co to be Fairly Valued.
Key valuation signals for SHSE:601969:
Return-on-Tangible-Asset: 5.71% (134% above median its 10-year median of 2.44)
GF Value™: ¥8.94 vs. price of ¥9.18 (2.7% above fair value)
Industry Position: 168.7% above the Steel median (#236 of 634)
No single metric tells the full story. See the SHSE:601969 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hainan Mining Co Ltd is a China-based company engages in the business of iron ore mining. It offers a range of product that is lump ore, fine ore, and iron fine powder to iron and steel companies. It holds an interest in Shilu, a multi-metal and non-metallic mineral deposit located in China.
83GF Score
Get the complete analysis for SHSE:601969
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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