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The historical rank and industry rank for Zhejiangnmei Chemical Industry Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603379'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.23 Med: 13.4 Max: 41
Current: 23.21
During the past 13 years, Zhejiangnmei Chemical Industry Co's highest Return-on-Tangible-Asset was 41.00%. The lowest was 4.23%. And the median was 13.40%.
SHSE:603379's Return-on-Tangible-Asset is ranked better than 98.52% of 1618
companies
in the Chemicals industry
Industry Median: 3.62
vs SHSE:603379: 23.21
Zhejiangnmei Chemical Industry Co (SHSE:603379) 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.
Zhejiangnmei Chemical Industry Co Return-on-Tangible-Asset Related Terms
Zhejiangnmei Chemical Industry 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.
Zhejiangnmei Chemical Industry Co Return-on-Tangible-Asset Chart
SHSE:603379 vs DOW: Return-on-Tangible-Asset Comparison
For the Chemicals subindustry, Zhejiangnmei Chemical Industry 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.
Zhejiangnmei Chemical Industry Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Zhejiangnmei Chemical Industry Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Zhejiangnmei Chemical Industry 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 22.49% mean?
Zhejiangnmei Chemical Industry Co (SHSE:603379) has a Return-on-Tangible-Asset of 22.49% 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 Zhejiangnmei Chemical Industry Co and its competitors. This is 68% above median its historical median of 13.40. Over the past decade, Zhejiangnmei Chemical Industry Co's Return-on-Tangible-Asset has ranged from 4.23 to 41.00. According to the industry distribution chart, Zhejiangnmei Chemical Industry Co ranks #24 out of 1618 companies in the Chemicals industry, placing it in the top 1.5%.
Is Zhejiangnmei Chemical Industry Co's Return-on-Tangible-Asset too high?
Zhejiangnmei Chemical Industry Co's current Return-on-Tangible-Asset of 22.49% is 68% above median its 10-year median of 13.40. Over the past 10 years, this metric has ranged from a low of 4.23 to a high of 41.00. The Chemicals industry median Return-on-Tangible-Asset is 3.62. Zhejiangnmei Chemical Industry Co's value of 22.49% is 521.3% above this industry median. Based on the distribution chart, Zhejiangnmei Chemical Industry Co ranks #24 out of 1618 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiangnmei Chemical Industry 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 Zhejiangnmei Chemical Industry Co's Return-on-Tangible-Asset compare to DOW?
According to the Chemicals industry distribution chart, Zhejiangnmei Chemical Industry Co ranks #24 out of 1618 companies for Return-on-Tangible-Asset. This places Zhejiangnmei Chemical Industry Co in the top 2% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.62. Zhejiangnmei Chemical Industry Co's value of 22.49% is 521.3% above this benchmark. Historically, Zhejiangnmei Chemical Industry Co's own Return-on-Tangible-Asset has ranged from 4.23 to 41.00 over the past decade. While the company's 10-year median is 13.40 vs. the industry median of 3.62, Zhejiangnmei Chemical Industry 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. Zhejiangnmei Chemical Industry Co's current Return-on-Tangible-Asset of 22.49% is 521.3% 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 Zhejiangnmei Chemical Industry 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. Zhejiangnmei Chemical Industry Co's current Return-on-Tangible-Asset is 22.49%, which is 68% above median its own 10-year median of 13.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiangnmei Chemical Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiangnmei Chemical Industry Co (SHSE:603379) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥70.02, compared to a current price of ¥59.76 — trading 14.7% below its estimated fair value. The current Return-on-Tangible-Asset is 22.49%, which is 68% above median its 10-year median of 13.40 and 521.3% above the Chemicals industry median of 3.62. Zhejiangnmei Chemical Industry Co's overall GF Score™ is 95/100 with 2 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 Zhejiangnmei Chemical Industry Co (SHSE:603379), the current Return-on-Tangible-Asset is 22.49% 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 Zhejiangnmei Chemical Industry Co (SHSE:603379) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiangnmei Chemical Industry Co stock appears to be undervalued.
The current stock price of ¥59.76 is trading 14.7% below its estimated GF Value™ of ¥70.02.
GuruFocus considers Zhejiangnmei Chemical Industry Co to be Modestly Undervalued.
Key valuation signals for SHSE:603379:
Return-on-Tangible-Asset: 22.49% (68% above median its 10-year median of 13.40)
GF Value™: ¥70.02 vs. price of ¥59.76 (14.7% below fair value)
Industry Position: 521.3% above the Chemicals median (#24 of 1618)
No single metric tells the full story. See the SHSE:603379 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Sanmei Chemical Industry Co Ltd is specialized in research and development and product production of fluorine chemical products. The products are sold to more than 30 provinces and cities nationwide and more than 100 countries and regions around the world. The company has two series of products, organic fluorine and inorganic fluorine.
95GF Score
Get the complete analysis for SHSE:603379
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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