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Guangdong Songfa Ceramics CoSHSE:603268 +1.04%55 Return-on-Tangible-Asset is 8.58% as of Mar. 2026, which is 203% above its 10-year median of 2.83. GuruFocus rates SHSE:603268 with a GF Score™ of 55/100. The stock has 11 warning signs investors should review. Among 434 Furnishings, Fixtures & Appliances companies, Guangdong Songfa Ceramics Co ranks better than 87.33% on this metric.
The historical rank and industry rank for Guangdong Songfa Ceramics Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603268'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -41.22 Med: 2.83 Max: 9.9
Current: 9.9
During the past 13 years, Guangdong Songfa Ceramics Co's highest Return-on-Tangible-Asset was 9.90%. The lowest was -41.22%. And the median was 2.83%.
SHSE:603268's Return-on-Tangible-Asset is ranked better than 87.33% of 434
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.335
vs SHSE:603268: 9.90
Guangdong Songfa Ceramics Co (SHSE:603268) 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.
Guangdong Songfa Ceramics Co Return-on-Tangible-Asset Related Terms
Guangdong Songfa Ceramics 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.
Guangdong Songfa Ceramics Co Return-on-Tangible-Asset Chart
SHSE:603268 vs SN, SGI, MHK: Return-on-Tangible-Asset Comparison
For the Furnishings, Fixtures & Appliances subindustry, Guangdong Songfa Ceramics 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.
Guangdong Songfa Ceramics Co Return-on-Tangible-Asset vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Songfa Ceramics Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Guangdong Songfa Ceramics 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 8.58% mean?
Guangdong Songfa Ceramics Co (SHSE:603268) has a Return-on-Tangible-Asset of 8.58% 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 Guangdong Songfa Ceramics Co and its competitors. This is 203% above median its historical median of 2.83. According to the industry distribution chart, Guangdong Songfa Ceramics Co ranks #55 out of 434 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 12.7%.
Is Guangdong Songfa Ceramics Co's Return-on-Tangible-Asset too high?
Guangdong Songfa Ceramics Co's current Return-on-Tangible-Asset of 8.58% is 203% above median its 10-year median of 2.83. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Asset is 2.34. Guangdong Songfa Ceramics Co's value of 8.58% is 267.5% above this industry median. Based on the distribution chart, Guangdong Songfa Ceramics Co ranks #55 out of 434 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Guangdong Songfa Ceramics Co has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Guangdong Songfa Ceramics Co's Return-on-Tangible-Asset compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Guangdong Songfa Ceramics Co ranks #55 out of 434 companies for Return-on-Tangible-Asset. This places Guangdong Songfa Ceramics Co in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.34. Guangdong Songfa Ceramics Co's value of 8.58% is 267.5% above this benchmark. While the company's 10-year median is 2.83 vs. the industry median of 2.34, Guangdong Songfa Ceramics 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 Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Asset among Furnishings, Fixtures & Appliances companies is 2.34, based on 434 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. Guangdong Songfa Ceramics Co's current Return-on-Tangible-Asset of 8.58% is 267.5% 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 Guangdong Songfa Ceramics Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Asset is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Songfa Ceramics Co's current Return-on-Tangible-Asset is 8.58%, which is 203% above median its own 10-year median of 2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Songfa Ceramics Co stock overvalued right now?
Guangdong Songfa Ceramics Co (SHSE:603268) has a current Return-on-Tangible-Asset of 8.58%. The current Return-on-Tangible-Asset is 8.58%, which is 203% above median its 10-year median of 2.83 and 267.5% above the Furnishings, Fixtures & Appliances industry median of 2.34. Guangdong Songfa Ceramics Co's overall GF Score™ is 55/100 with 11 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 Guangdong Songfa Ceramics Co (SHSE:603268), the current Return-on-Tangible-Asset is 8.58% 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.
Guangdong Songfa Ceramics Co Ltd is engaged in research & development, design, production and sale of daily-use ceramics products. It produces household porcelain, custom porcelain hotel porcelain and other daily-use ceramic products and also products like cover tableware, tea sets, coffee utensils, display porcelain, art collection porcelain and stainless steel, crystal And household items such as glass.
55GF Score
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