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SHSE:603060's Return-on-Tangible-Asset is ranked worse than 64.34% of 1088
companies
in the Business Services industry
Industry Median: 4.385
vs SHSE:603060: 1.91
China Testing & Certification International Group Co (SHSE:603060) 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.
China Testing & Certification International Group Co Return-on-Tangible-Asset Related Terms
China Testing & Certification International Group 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.
China Testing & Certification International Group Co Return-on-Tangible-Asset Chart
China Testing & Certification International Group Co Annual Data
SHSE:603060 vs VRSK, EFX, BAH: Return-on-Tangible-Asset Comparison
For the Consulting Services subindustry, China Testing & Certification International 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.
China Testing & Certification International Group Co Return-on-Tangible-Asset vs Business Services Industry
* 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 0.49% mean?
China Testing & Certification International Group Co (SHSE:603060) has a Return-on-Tangible-Asset of 0.49% 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 China Testing & Certification International Group Co and its competitors. This is 95% below median its historical median of 10.84. Over the past decade, China Testing & Certification International Group Co's Return-on-Tangible-Asset has ranged from 1.91 to 14.82. According to the industry distribution chart, China Testing & Certification International Group Co ranks #700 out of 1088 companies in the Business Services industry, placing it in the top 64.3%.
Is China Testing & Certification International Group Co's Return-on-Tangible-Asset too high?
China Testing & Certification International Group Co's current Return-on-Tangible-Asset of 0.49% is 95% below median its 10-year median of 10.84. Over the past 10 years, this metric has ranged from a low of 1.91 to a high of 14.82. The Business Services industry median Return-on-Tangible-Asset is 4.39. China Testing & Certification International Group Co's value of 0.49% is 88.8% below this industry median. Based on the distribution chart, China Testing & Certification International Group Co ranks #700 out of 1088 companies in the Business Services industry, which is below the industry midpoint. Overall, China Testing & Certification International Group Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Testing & Certification International Group Co's Return-on-Tangible-Asset compare to VRSK and EFX?
According to the Business Services industry distribution chart, China Testing & Certification International Group Co ranks #700 out of 1088 companies for Return-on-Tangible-Asset. This places China Testing & Certification International Group Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 4.39. China Testing & Certification International Group Co's value of 0.49% is 88.8% below this benchmark. Historically, China Testing & Certification International Group Co's own Return-on-Tangible-Asset has ranged from 1.91 to 14.82 over the past decade. While the company's 10-year median is 10.84 vs. the industry median of 4.39, China Testing & Certification International Group Co has consistently been below 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 Business Services company?
The median Return-on-Tangible-Asset among Business Services companies is 4.39, based on 1,088 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. China Testing & Certification International Group Co's current Return-on-Tangible-Asset of 0.49% is 88.8% below 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 China Testing & Certification International Group Co and its competitors. For the Business Services industry, the median Return-on-Tangible-Asset is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Testing & Certification International Group Co's current Return-on-Tangible-Asset is 0.49%, which is 95% below median its own 10-year median of 10.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Testing & Certification International Group Co stock overvalued right now?
Based on GuruFocus' analysis, China Testing & Certification International Group Co (SHSE:603060) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.69, compared to a current price of ¥5.57 — trading 16.7% below its estimated fair value. The current Return-on-Tangible-Asset is 0.49%, which is 95% below median its 10-year median of 10.84 and 88.8% below the Business Services industry median of 4.39. China Testing & Certification International Group Co's overall GF Score™ is 79/100 with 10 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 China Testing & Certification International Group Co (SHSE:603060), the current Return-on-Tangible-Asset is 0.49% 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 China Testing & Certification International Group Co (SHSE:603060) Overvalued in 2026?
Based on GuruFocus' analysis, China Testing & Certification International Group Co stock appears to be undervalued.
The current stock price of ¥5.57 is trading 16.7% below its estimated GF Value™ of ¥6.69.
GuruFocus considers China Testing & Certification International Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:603060:
Return-on-Tangible-Asset: 0.49% (95% below median its 10-year median of 10.84)
GF Value™: ¥6.69 vs. price of ¥5.57 (16.7% below fair value)
Industry Position: 88.8% below the Business Services median (#700 of 1088)
No single metric tells the full story. See the SHSE:603060 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Testing & Certification International Group Co Ltd provides third-party inspection and certification services in the fields of building materials and construction engineering. Its service offering comprises certification, safety and instrument development services as well as extended services such as energy-saving emission reduction technology services, standardization services, personnel training and occupational skill identification. The company primarily serve the building materials and construction engineering enterprises, solar photovoltaic product production and application enterprises, carbon emission trading units, product quality and technical supervision departments, industrial and commercial management departments and safety production supervision departments.
79GF Score
Get the complete analysis for SHSE:603060
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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