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Zhongce Rubber Group CoSHSE:603049 -1.49%45 Return-on-Tangible-Asset is 9.14% as of Jun. 2026, which is 64% above its 10-year median of 5.56. GuruFocus rates SHSE:603049 with a GF Score™ of 45/100. The stock has 8 warning signs investors should review. Among 1,338 Vehicles & Parts companies, Zhongce Rubber Group Co ranks better than 80.79% 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. Zhongce Rubber Group Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥4,883 Mil. Zhongce Rubber Group Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥53,451 Mil. Therefore, Zhongce Rubber Group Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 9.14%.
The historical rank and industry rank for Zhongce Rubber Group Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603049'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.41 Med: 5.56 Max: 9.34
Current: 8.27
During the past 13 years, Zhongce Rubber Group Co's highest Return-on-Tangible-Asset was 9.34%. The lowest was 3.41%. And the median was 5.56%.
SHSE:603049's Return-on-Tangible-Asset is ranked better than 80.79% of 1338
companies
in the Vehicles & Parts industry
Industry Median: 3.345
vs SHSE:603049: 8.27
Zhongce Rubber Group Co (SHSE:603049) 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.
Zhongce Rubber Group Co Return-on-Tangible-Asset Related Terms
Zhongce Rubber Group Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Zhongce Rubber Group 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.
Zhongce Rubber Group Co Return-on-Tangible-Asset Chart
SHSE:603049 vs ORLY, AZO, GPC: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Zhongce Rubber Group 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.
Zhongce Rubber Group Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Zhongce Rubber Group Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zhongce Rubber Group 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 9.14% mean?
Zhongce Rubber Group Co (SHSE:603049) has a Return-on-Tangible-Asset of 9.14% 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 Zhongce Rubber Group Co and its competitors. This is 64% above median its historical median of 5.56. Over the past decade, Zhongce Rubber Group Co's Return-on-Tangible-Asset has ranged from 3.41 to 9.34. According to the industry distribution chart, Zhongce Rubber Group Co ranks #257 out of 1338 companies in the Vehicles & Parts industry, placing it in the top 19.2%.
Is Zhongce Rubber Group Co's Return-on-Tangible-Asset too high?
Zhongce Rubber Group Co's current Return-on-Tangible-Asset of 9.14% is 64% above median its 10-year median of 5.56. Over the past 10 years, this metric has ranged from a low of 3.41 to a high of 9.34. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.35. Zhongce Rubber Group Co's value of 9.14% is 173.2% above this industry median. Based on the distribution chart, Zhongce Rubber Group Co ranks #257 out of 1338 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Zhongce Rubber Group Co has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Zhongce Rubber Group Co's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Zhongce Rubber Group Co ranks #257 out of 1338 companies for Return-on-Tangible-Asset. This places Zhongce Rubber Group Co in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.35. Zhongce Rubber Group Co's value of 9.14% is 173.2% above this benchmark. Historically, Zhongce Rubber Group Co's own Return-on-Tangible-Asset has ranged from 3.41 to 9.34 over the past decade. While the company's 10-year median is 5.56 vs. the industry median of 3.35, Zhongce Rubber Group 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.35, based on 1,338 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. Zhongce Rubber Group Co's current Return-on-Tangible-Asset of 9.14% is 173.2% 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 Zhongce Rubber Group Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhongce Rubber Group Co's current Return-on-Tangible-Asset is 9.14%, which is 64% above median its own 10-year median of 5.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhongce Rubber Group Co stock overvalued right now?
Zhongce Rubber Group Co (SHSE:603049) has a current Return-on-Tangible-Asset of 9.14%. The current Return-on-Tangible-Asset is 9.14%, which is 64% above median its 10-year median of 5.56 and 173.2% above the Vehicles & Parts industry median of 3.35. Zhongce Rubber Group Co's overall GF Score™ is 45/100 with 8 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 Zhongce Rubber Group Co (SHSE:603049), the current Return-on-Tangible-Asset is 9.14% 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.
Zhongce Rubber Group Co Ltd is engaged in Research and development, production and sales of tire products such as all-steel tires, semi-steel tires, bias tires and car tires.
45GF Score
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