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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. Harbin VITI Electronic Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥-18.0 Mil. Harbin VITI Electronic Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥844.8 Mil. Therefore, Harbin VITI Electronic Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -2.13%.
The historical rank and industry rank for Harbin VITI Electronic Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603023'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2 Med: 1.43 Max: 16.69
Current: -0.49
During the past 13 years, Harbin VITI Electronic Co's highest Return-on-Tangible-Asset was 16.69%. The lowest was -2.00%. And the median was 1.43%.
SHSE:603023's Return-on-Tangible-Asset is ranked worse than 77.67% of 1330
companies
in the Vehicles & Parts industry
Industry Median: 3.355
vs SHSE:603023: -0.49
Harbin VITI Electronic Co (SHSE:603023) 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.
Harbin VITI Electronic Co Return-on-Tangible-Asset Related Terms
Harbin VITI Electronic Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Harbin VITI Electronic 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.
Harbin VITI Electronic Co Return-on-Tangible-Asset Chart
SHSE:603023 vs ORLY, AZO, GPC: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Harbin VITI Electronic 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.
Harbin VITI Electronic Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Harbin VITI Electronic Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Harbin VITI Electronic 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of -2.13% mean?
Harbin VITI Electronic Co (SHSE:603023) has a Return-on-Tangible-Asset of -2.13% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Harbin VITI Electronic Co and its competitors. According to the industry distribution chart, Harbin VITI Electronic Co ranks #1033 out of 1330 companies in the Vehicles & Parts industry, placing it in the top 77.7%.
Is Harbin VITI Electronic Co's Return-on-Tangible-Asset too high?
Harbin VITI Electronic Co's current Return-on-Tangible-Asset is -2.13%. Based on the distribution chart, Harbin VITI Electronic Co ranks #1033 out of 1330 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Harbin VITI Electronic Co has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Harbin VITI Electronic Co's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Harbin VITI Electronic Co ranks #1033 out of 1330 companies for Return-on-Tangible-Asset. This places Harbin VITI Electronic Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.36. 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.36, based on 1,330 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 Harbin VITI Electronic Co and its competitors. For the Vehicles & Parts 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. Harbin VITI Electronic Co's current Return-on-Tangible-Asset is -2.13%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbin VITI Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Harbin VITI Electronic Co (SHSE:603023) is currently considered Possible Value Trap. The stock's GF Value™ is ¥8.20, compared to a current price of ¥4.31 — trading 47.4% below its estimated fair value. The current Return-on-Tangible-Asset is -2.13%. Harbin VITI Electronic Co's overall GF Score™ is 58/100 with 4 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 Harbin VITI Electronic Co (SHSE:603023), the current Return-on-Tangible-Asset is -2.13% as of Jun. 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 Harbin VITI Electronic Co (SHSE:603023) Overvalued in 2026?
Based on GuruFocus' analysis, Harbin VITI Electronic Co stock appears to be undervalued.
The current stock price of ¥4.31 is trading 47.4% below its estimated GF Value™ of ¥8.20.
GuruFocus considers Harbin VITI Electronic Co to be Possible Value Trap.
Key valuation signals for SHSE:603023:
Return-on-Tangible-Asset: -2.13%
GF Value™: ¥8.20 vs. price of ¥4.31 (47.4% below fair value)
No single metric tells the full story. See the SHSE:603023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harbin VITI Electronic Co Ltd is a domestic automotive electronic control product supplier. Its engaged in the research, manufacturing, and sale of electronic products for cars and buses. It's products include CAN bus control system, bus control unit, controller (ECU control unit), Combination of instruments, sensors and other products. The products are mainly used in passenger cars, trucks and military vehicles.
58GF Score
Get the complete analysis for SHSE:603023
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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