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SHSE:603369's Return-on-Tangible-Asset is ranked better than 81.99% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 3.18
vs SHSE:603369: 9.76
Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) 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 King's Luck Brewery Joint-Stock Co Return-on-Tangible-Asset Related Terms
Jiangsu King's Luck Brewery Joint-Stock 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 King's Luck Brewery Joint-Stock Co Return-on-Tangible-Asset Chart
Jiangsu King's Luck Brewery Joint-Stock Co Annual Data
SHSE:603369 vs BF.B: Return-on-Tangible-Asset Comparison
For the Beverages - Wineries & Distilleries subindustry, Jiangsu King's Luck Brewery Joint-Stock 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 King's Luck Brewery Joint-Stock Co Return-on-Tangible-Asset vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Jiangsu King's Luck Brewery Joint-Stock Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Jiangsu King's Luck Brewery Joint-Stock 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 10.61% mean?
Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) has a Return-on-Tangible-Asset of 10.61% 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 Jiangsu King's Luck Brewery Joint-Stock Co and its competitors. This is 29% below median its historical median of 14.92. Over the past decade, Jiangsu King's Luck Brewery Joint-Stock Co's Return-on-Tangible-Asset has ranged from 9.76 to 16.06. According to the industry distribution chart, Jiangsu King's Luck Brewery Joint-Stock Co ranks #38 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 18%.
Is Jiangsu King's Luck Brewery Joint-Stock Co's Return-on-Tangible-Asset too high?
Jiangsu King's Luck Brewery Joint-Stock Co's current Return-on-Tangible-Asset of 10.61% is 29% below median its 10-year median of 14.92. Over the past 10 years, this metric has ranged from a low of 9.76 to a high of 16.06. The Beverages - Alcoholic industry median Return-on-Tangible-Asset is 3.18. Jiangsu King's Luck Brewery Joint-Stock Co's value of 10.61% is 233.6% above this industry median. Based on the distribution chart, Jiangsu King's Luck Brewery Joint-Stock Co ranks #38 out of 211 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Jiangsu King's Luck Brewery Joint-Stock Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu King's Luck Brewery Joint-Stock Co's Return-on-Tangible-Asset compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Jiangsu King's Luck Brewery Joint-Stock Co ranks #38 out of 211 companies for Return-on-Tangible-Asset. This places Jiangsu King's Luck Brewery Joint-Stock Co in the top 18% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.18. Jiangsu King's Luck Brewery Joint-Stock Co's value of 10.61% is 233.6% above this benchmark. Historically, Jiangsu King's Luck Brewery Joint-Stock Co's own Return-on-Tangible-Asset has ranged from 9.76 to 16.06 over the past decade. While the company's 10-year median is 14.92 vs. the industry median of 3.18, Jiangsu King's Luck Brewery Joint-Stock 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 Beverages - Alcoholic company?
The median Return-on-Tangible-Asset among Beverages - Alcoholic companies is 3.18, based on 211 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 King's Luck Brewery Joint-Stock Co's current Return-on-Tangible-Asset of 10.61% is 233.6% 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 King's Luck Brewery Joint-Stock Co and its competitors. For the Beverages - Alcoholic industry, the median Return-on-Tangible-Asset is 3.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu King's Luck Brewery Joint-Stock Co's current Return-on-Tangible-Asset is 10.61%, which is 29% below median its own 10-year median of 14.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu King's Luck Brewery Joint-Stock Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥38.02, compared to a current price of ¥28.32 — trading 25.5% below its estimated fair value. The current Return-on-Tangible-Asset is 10.61%, which is 29% below median its 10-year median of 14.92 and 233.6% above the Beverages - Alcoholic industry median of 3.18. Jiangsu King's Luck Brewery Joint-Stock Co's overall GF Score™ is 95/100 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 King's Luck Brewery Joint-Stock Co (SHSE:603369), the current Return-on-Tangible-Asset is 10.61% 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 Jiangsu King's Luck Brewery Joint-Stock Co (SHSE:603369) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu King's Luck Brewery Joint-Stock Co stock appears to be undervalued.
The current stock price of ¥28.32 is trading 25.5% below its estimated GF Value™ of ¥38.02.
GuruFocus considers Jiangsu King's Luck Brewery Joint-Stock Co to be Modestly Undervalued.
Key valuation signals for SHSE:603369:
Return-on-Tangible-Asset: 10.61% (29% below median its 10-year median of 14.92)
GF Value™: ¥38.02 vs. price of ¥28.32 (25.5% below fair value)
Industry Position: 233.6% above the Beverages - Alcoholic median (#38 of 211)
No single metric tells the full story. See the SHSE:603369 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jiangsu King's Luck Brewery Joint-Stock Co Ltd is a China-based company engaged in the manufacturing and distribution of liquor. The company markets its products under the Guoyuan, Jinshiyuan, and Gaogou brands. It also offers pre-packaged food. The company conducts its business mainly within Jiangsu province.
95GF Score
Get the complete analysis for SHSE:603369
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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