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Hefei Conver Holding CoSHSE:603409 -1.77%49 Return-on-Tangible-Asset is 6.25% as of Jun. 2026, which is 42% below its 10-year median of 10.69. GuruFocus rates SHSE:603409 with a GF Score™ of 49/100. The stock has 2 warning signs investors should review. Among 1,330 Vehicles & Parts companies, Hefei Conver Holding Co ranks better than 77.44% 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. Hefei Conver Holding Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥131 Mil. Hefei Conver Holding Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥2,096 Mil. Therefore, Hefei Conver Holding Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 6.25%.
The historical rank and industry rank for Hefei Conver Holding Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603409'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.7 Med: 10.69 Max: 23.24
Current: 7.45
During the past 13 years, Hefei Conver Holding Co's highest Return-on-Tangible-Asset was 23.24%. The lowest was 4.70%. And the median was 10.69%.
SHSE:603409's Return-on-Tangible-Asset is ranked better than 77.44% of 1330
companies
in the Vehicles & Parts industry
Industry Median: 3.355
vs SHSE:603409: 7.45
Hefei Conver Holding Co (SHSE:603409) 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.
Hefei Conver Holding Co Return-on-Tangible-Asset Related Terms
Hefei Conver Holding Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Hefei Conver Holding 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.
Hefei Conver Holding Co Return-on-Tangible-Asset Chart
SHSE:603409 vs ORLY, AZO, GPC: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Hefei Conver Holding 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.
Hefei Conver Holding Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Hefei Conver Holding Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hefei Conver Holding 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 6.25% mean?
Hefei Conver Holding Co (SHSE:603409) has a Return-on-Tangible-Asset of 6.25% 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 Hefei Conver Holding Co and its competitors. This is 42% below median its historical median of 10.69. Over the past decade, Hefei Conver Holding Co's Return-on-Tangible-Asset has ranged from 4.70 to 23.24. According to the industry distribution chart, Hefei Conver Holding Co ranks #300 out of 1330 companies in the Vehicles & Parts industry, placing it in the top 22.6%.
Is Hefei Conver Holding Co's Return-on-Tangible-Asset too high?
Hefei Conver Holding Co's current Return-on-Tangible-Asset of 6.25% is 42% below median its 10-year median of 10.69. Over the past 10 years, this metric has ranged from a low of 4.70 to a high of 23.24. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.36. Hefei Conver Holding Co's value of 6.25% is 86.3% above this industry median. Based on the distribution chart, Hefei Conver Holding Co ranks #300 out of 1330 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Hefei Conver Holding Co has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Hefei Conver Holding Co's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Hefei Conver Holding Co ranks #300 out of 1330 companies for Return-on-Tangible-Asset. This places Hefei Conver Holding Co in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.36. Hefei Conver Holding Co's value of 6.25% is 86.3% above this benchmark. Historically, Hefei Conver Holding Co's own Return-on-Tangible-Asset has ranged from 4.70 to 23.24 over the past decade. While the company's 10-year median is 10.69 vs. the industry median of 3.36, Hefei Conver Holding 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.36, based on 1,330 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. Hefei Conver Holding Co's current Return-on-Tangible-Asset of 6.25% is 86.3% 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 Hefei Conver Holding Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hefei Conver Holding Co's current Return-on-Tangible-Asset is 6.25%, which is 42% below median its own 10-year median of 10.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hefei Conver Holding Co stock overvalued right now?
Hefei Conver Holding Co (SHSE:603409) has a current Return-on-Tangible-Asset of 6.25%. The current Return-on-Tangible-Asset is 6.25%, which is 42% below median its 10-year median of 10.69 and 86.3% above the Vehicles & Parts industry median of 3.36. Hefei Conver Holding Co's overall GF Score™ is 49/100 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 Hefei Conver Holding Co (SHSE:603409), the current Return-on-Tangible-Asset is 6.25% 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.
Hefei Conver Holding Co Ltd is engaged in research & development, production and sales of automotive styling components and automotive acoustic products.
49GF Score
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