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SHSE:603276's Return-on-Tangible-Asset is ranked better than 54.2% of 1618
companies
in the Chemicals industry
Industry Median: 3.62
vs SHSE:603276: 4.07
Jiangsu Hengxing New Material Technology Co (SHSE:603276) 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.
Jiangsu Hengxing New Material Technology Co Return-on-Tangible-Asset Related Terms
Jiangsu Hengxing New Material Technology 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.
Jiangsu Hengxing New Material Technology Co Return-on-Tangible-Asset Chart
Jiangsu Hengxing New Material Technology Co Annual Data
SHSE:603276 vs DOW: Return-on-Tangible-Asset Comparison
For the Chemicals subindustry, Jiangsu Hengxing New Material Technology 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.
Jiangsu Hengxing New Material Technology Co Return-on-Tangible-Asset vs Chemicals 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.78% mean?
Jiangsu Hengxing New Material Technology Co (SHSE:603276) has a Return-on-Tangible-Asset of 5.78% 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 Jiangsu Hengxing New Material Technology Co and its competitors. This is 47% below median its historical median of 10.87. Over the past decade, Jiangsu Hengxing New Material Technology Co's Return-on-Tangible-Asset has ranged from 1.96 to 20.29. According to the industry distribution chart, Jiangsu Hengxing New Material Technology Co ranks #741 out of 1618 companies in the Chemicals industry, placing it in the top 45.8%.
Is Jiangsu Hengxing New Material Technology Co's Return-on-Tangible-Asset too high?
Jiangsu Hengxing New Material Technology Co's current Return-on-Tangible-Asset of 5.78% is 47% below median its 10-year median of 10.87. Over the past 10 years, this metric has ranged from a low of 1.96 to a high of 20.29. The Chemicals industry median Return-on-Tangible-Asset is 3.62. Jiangsu Hengxing New Material Technology Co's value of 5.78% is 59.7% above this industry median. Based on the distribution chart, Jiangsu Hengxing New Material Technology Co ranks #741 out of 1618 companies in the Chemicals industry, which is above the industry midpoint. Overall, Jiangsu Hengxing New Material Technology Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Hengxing New Material Technology Co's Return-on-Tangible-Asset compare to DOW?
According to the Chemicals industry distribution chart, Jiangsu Hengxing New Material Technology Co ranks #741 out of 1618 companies for Return-on-Tangible-Asset. This puts Jiangsu Hengxing New Material Technology Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.62. Jiangsu Hengxing New Material Technology Co's value of 5.78% is 59.7% above this benchmark. Historically, Jiangsu Hengxing New Material Technology Co's own Return-on-Tangible-Asset has ranged from 1.96 to 20.29 over the past decade. While the company's 10-year median is 10.87 vs. the industry median of 3.62, Jiangsu Hengxing New Material Technology 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.62, based on 1,618 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. Jiangsu Hengxing New Material Technology Co's current Return-on-Tangible-Asset of 5.78% is 59.7% 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 Jiangsu Hengxing New Material Technology Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Hengxing New Material Technology Co's current Return-on-Tangible-Asset is 5.78%, which is 47% below median its own 10-year median of 10.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Hengxing New Material Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Hengxing New Material Technology Co (SHSE:603276) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥18.64, compared to a current price of ¥15.41 — trading 17.3% below its estimated fair value. The current Return-on-Tangible-Asset is 5.78%, which is 47% below median its 10-year median of 10.87 and 59.7% above the Chemicals industry median of 3.62. Jiangsu Hengxing New Material Technology Co's overall GF Score™ is 65/100 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 Jiangsu Hengxing New Material Technology Co (SHSE:603276), the current Return-on-Tangible-Asset is 5.78% 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.
Is Jiangsu Hengxing New Material Technology Co (SHSE:603276) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu Hengxing New Material Technology Co stock appears to be undervalued.
The current stock price of ¥15.41 is trading 17.3% below its estimated GF Value™ of ¥18.64.
GuruFocus considers Jiangsu Hengxing New Material Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:603276:
Return-on-Tangible-Asset: 5.78% (47% below median its 10-year median of 10.87)
GF Value™: ¥18.64 vs. price of ¥15.41 (17.3% below fair value)
Industry Position: 59.7% above the Chemicals median (#741 of 1618)
No single metric tells the full story. See the SHSE:603276 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu Hengxing New Material Technology Co Ltd is engaged in research & development, production, and sales of ketone, ester, and acid fine chemical products. Its products, categorized by composition, cover organic ketones, organic esters, organic acids, acid anhydrides, and fatty acid salts.
65GF Score
Get the complete analysis for SHSE:603276
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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