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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. Shanghai Sinotec Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥-5 Mil. Shanghai Sinotec Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥1,775 Mil. Therefore, Shanghai Sinotec Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -0.27%.
The historical rank and industry rank for Shanghai Sinotec Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603121'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.42 Med: 5.66 Max: 19.95
Current: -3.42
During the past 12 years, Shanghai Sinotec Co's highest Return-on-Tangible-Asset was 19.95%. The lowest was -3.42%. And the median was 5.66%.
SHSE:603121's Return-on-Tangible-Asset is ranked worse than 84.82% of 1337
companies
in the Vehicles & Parts industry
Industry Median: 3.4
vs SHSE:603121: -3.42
Shanghai Sinotec Co (SHSE:603121) 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.
Shanghai Sinotec Co Return-on-Tangible-Asset Related Terms
Shanghai Sinotec Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Shanghai Sinotec 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.
Shanghai Sinotec Co Return-on-Tangible-Asset Chart
SHSE:603121 vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Shanghai Sinotec 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.
Shanghai Sinotec Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Sinotec Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shanghai Sinotec 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 -0.27% mean?
Shanghai Sinotec Co (SHSE:603121) has a Return-on-Tangible-Asset of -0.27% 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 Shanghai Sinotec Co and its competitors. According to the industry distribution chart, Shanghai Sinotec Co ranks #1134 out of 1337 companies in the Vehicles & Parts industry, placing it in the top 84.8%.
Is Shanghai Sinotec Co's Return-on-Tangible-Asset too high?
Shanghai Sinotec Co's current Return-on-Tangible-Asset is -0.27%. Based on the distribution chart, Shanghai Sinotec Co ranks #1134 out of 1337 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Shanghai Sinotec Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Sinotec Co's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Shanghai Sinotec Co ranks #1134 out of 1337 companies for Return-on-Tangible-Asset. This places Shanghai Sinotec Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.40. 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 3.40, based on 1,337 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 Shanghai Sinotec Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Sinotec Co's current Return-on-Tangible-Asset is -0.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Sinotec Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Sinotec Co (SHSE:603121) is currently considered Fairly Valued. The stock's GF Value™ is ¥14.38, compared to a current price of ¥13.84 — trading 3.8% below its estimated fair value. The current Return-on-Tangible-Asset is -0.27%. Shanghai Sinotec Co's overall GF Score™ is 73/100 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 Shanghai Sinotec Co (SHSE:603121), the current Return-on-Tangible-Asset is -0.27% 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 Shanghai Sinotec Co (SHSE:603121) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Sinotec Co stock appears to be undervalued.
The current stock price of ¥13.84 is trading 3.8% below its estimated GF Value™ of ¥14.38.
GuruFocus considers Shanghai Sinotec Co to be Fairly Valued.
Key valuation signals for SHSE:603121:
Return-on-Tangible-Asset: -0.27%
GF Value™: ¥14.38 vs. price of ¥13.84 (3.8% below fair value)
No single metric tells the full story. See the SHSE:603121 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Sinotec Co Ltd is mainly engaged in the production and development of auto parts, with processes covering precision casting, sand casting, machining and various welding assemblies. The company primarily offers services to world's renowned enterprises such as BorgWarner, Honeywell, Mitsubishi Heavy Industries, BoschMahle, Continental, Harima Heavy Industries (HHI), HunanTyen and so on.
73GF Score
Get the complete analysis for SHSE:603121
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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