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Yong Jie New Material CoSHSE:603271 +1.09%43 Return-on-Tangible-Asset is 9.43% as of Mar. 2026, which is 1% below its 10-year median of 9.48. GuruFocus rates SHSE:603271 with a GF Score™ of 43/100. The stock has 5 warning signs investors should review. Among 2,668 Metals & Mining companies, Yong Jie New Material Co ranks better than 87.37% 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. Yong Jie New Material Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥477 Mil. Yong Jie New Material Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥5,062 Mil. Therefore, Yong Jie New Material Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.43%.
The historical rank and industry rank for Yong Jie New Material Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603271'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.73 Med: 9.48 Max: 13.07
Current: 9.55
During the past 7 years, Yong Jie New Material Co's highest Return-on-Tangible-Asset was 13.07%. The lowest was 0.73%. And the median was 9.48%.
SHSE:603271's Return-on-Tangible-Asset is ranked better than 87.37% of 2668
companies
in the Metals & Mining industry
Industry Median: -17.245
vs SHSE:603271: 9.55
Yong Jie New Material Co (SHSE:603271) 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.
Yong Jie New Material Co Return-on-Tangible-Asset Related Terms
Yong Jie New Material Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Yong Jie New Material 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.
Yong Jie New Material Co Return-on-Tangible-Asset Chart
SHSE:603271 vs AA: Return-on-Tangible-Asset Comparison
For the Aluminum subindustry, Yong Jie New Material 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.
Yong Jie New Material Co Return-on-Tangible-Asset vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Yong Jie New Material Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Yong Jie New Material 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 9.43% mean?
Yong Jie New Material Co (SHSE:603271) has a Return-on-Tangible-Asset of 9.43% 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 Yong Jie New Material Co and its competitors. This is near median its historical median of 9.48. Over the past decade, Yong Jie New Material Co's Return-on-Tangible-Asset has ranged from 0.73 to 13.07. According to the industry distribution chart, Yong Jie New Material Co ranks #337 out of 2668 companies in the Metals & Mining industry, placing it in the top 12.6%.
Is Yong Jie New Material Co's Return-on-Tangible-Asset too high?
Yong Jie New Material Co's current Return-on-Tangible-Asset of 9.43% is near median its 10-year median of 9.48. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 13.07. Based on the distribution chart, Yong Jie New Material Co ranks #337 out of 2668 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Yong Jie New Material Co has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Yong Jie New Material Co's Return-on-Tangible-Asset compare to AA?
According to the Metals & Mining industry distribution chart, Yong Jie New Material Co ranks #337 out of 2668 companies for Return-on-Tangible-Asset. This places Yong Jie New Material Co in the top 13% of its industry — outperforming the majority of peers. Historically, Yong Jie New Material Co's own Return-on-Tangible-Asset has ranged from 0.73 to 13.07 over the past decade. 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 Metals & Mining company?
A good Return-on-Tangible-Asset depends on the Metals & Mining industry context. 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 Yong Jie New Material Co and its competitors. Yong Jie New Material Co's current Return-on-Tangible-Asset is 9.43%, which is near median its own 10-year median of 9.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yong Jie New Material Co stock overvalued right now?
Yong Jie New Material Co (SHSE:603271) has a current Return-on-Tangible-Asset of 9.43%. The current Return-on-Tangible-Asset is 9.43%, which is near median its 10-year median of 9.48. Yong Jie New Material Co's overall GF Score™ is 43/100 with 5 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 Yong Jie New Material Co (SHSE:603271), the current Return-on-Tangible-Asset is 9.43% 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.
Yong Jie New Material Co Ltd is engaged in research and development, production and sales of aluminum sheets, strips and foils. It also has hot continuous rolling and casting rolling full process chain production lines, the products are mainly used in lithium batteries, vehicle lightweight, electronic appliances and new building materials and other fields, the production of lithium ion power battery structural components for aluminum alloy plate belt products were identified as the national manufacturing single champion products, lithium ion power battery aluminum foil and other three products obtained the Zhejiang manufacturing product label certification.
43GF Score
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