Zhejiang Starry Pharmaceutical Co (SHSE:603520) Return-on-Tangible-Asset: 1.39% (As of Jun. 2026) — 69% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:603520 Zhejiang Starry Pharmaceutical Co Ltd SHSE:603520
77 GF Score
Price ¥8.78
GF Value ¥9.23
Valuation Fairly Valued
! 10 Warning Signs
View Full Analysis

What is Zhejiang Starry Pharmaceutical Co Return-on-Tangible-Asset?

Zhejiang Starry Pharmaceutical Co SHSE:603520 77 Return-on-Tangible-Asset is 1.39% as of Jun. 2026, which is 69% below its 10-year median of 4.47. GuruFocus rates SHSE:603520 with a GF Score™ of 77/100 and a GF Value™ of ¥9.23 (Fairly Valued). The stock has 10 warning signs investors should review. Among 1,007 Drug Manufacturers companies, Zhejiang Starry Pharmaceutical Co ranks worse than 61.77% 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. Zhejiang Starry Pharmaceutical Co's annualized Net Income for the quarter that ended in Jun. 2026 was ¥76 Mil. Zhejiang Starry Pharmaceutical Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥5,445 Mil. Therefore, Zhejiang Starry Pharmaceutical Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.39%.

The historical rank and industry rank for Zhejiang Starry Pharmaceutical Co's Return-on-Tangible-Asset or its related term are showing as below:

SHSE:603520' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.74   Med: 4.47   Max: 8.29
Current: 0.39

During the past 13 years, Zhejiang Starry Pharmaceutical Co's highest Return-on-Tangible-Asset was 8.29%. The lowest was -1.74%. And the median was 4.47%.

SHSE:603520's Return-on-Tangible-Asset is ranked worse than
61.77% of 1007 companies
in the Drug Manufacturers industry
Industry Median: 2.79 vs SHSE:603520: 0.39

Zhejiang Starry Pharmaceutical Co  (SHSE:603520) 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 company’s 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 company’s 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.


Zhejiang Starry Pharmaceutical Co Return-on-Tangible-Asset Related Terms


Zhejiang Starry Pharmaceutical Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Zhejiang Starry Pharmaceutical 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.

Zhejiang Starry Pharmaceutical Co Return-on-Tangible-Asset Chart

Zhejiang Starry Pharmaceutical Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.29 -1.74 0.94 -0.97 0.19

Zhejiang Starry Pharmaceutical Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.10 -0.02 -1.40 1.52 1.39

SHSE:603520 vs ZTS: Return-on-Tangible-Asset Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Zhejiang Starry Pharmaceutical 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.


Zhejiang Starry Pharmaceutical Co Return-on-Tangible-Asset vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Zhejiang Starry Pharmaceutical Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Zhejiang Starry Pharmaceutical Co's Return-on-Tangible-Asset falls into.


SHSE:603520
77GF Score
Zhejiang Starry Pharmaceutical Co Ltd SHSE:603520
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zhejiang Starry Pharmaceutical Co Return-on-Tangible-Asset Calculation

Zhejiang Starry Pharmaceutical Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=10.228/( (5336.347+5459.038)/ 2 )
=10.228/5397.6925
=0.19 %

Zhejiang Starry Pharmaceutical Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=75.9/( (5581.705+5308.086)/ 2 )
=75.9/5444.8955
=1.39 %

* 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 1.39% mean?
Zhejiang Starry Pharmaceutical Co (SHSE:603520) has a Return-on-Tangible-Asset of 1.39% 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 Zhejiang Starry Pharmaceutical Co and its competitors. This is 69% below median its historical median of 4.47. According to the industry distribution chart, Zhejiang Starry Pharmaceutical Co ranks #622 out of 1007 companies in the Drug Manufacturers industry, placing it in the top 61.8%.
Is Zhejiang Starry Pharmaceutical Co's Return-on-Tangible-Asset too high?
Zhejiang Starry Pharmaceutical Co's current Return-on-Tangible-Asset of 1.39% is 69% below median its 10-year median of 4.47. The Drug Manufacturers industry median Return-on-Tangible-Asset is 2.79. Zhejiang Starry Pharmaceutical Co's value of 1.39% is 50.2% below this industry median. Based on the distribution chart, Zhejiang Starry Pharmaceutical Co ranks #622 out of 1007 companies in the Drug Manufacturers industry, which is below the industry midpoint. Overall, Zhejiang Starry Pharmaceutical Co has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Starry Pharmaceutical Co's Return-on-Tangible-Asset compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Zhejiang Starry Pharmaceutical Co ranks #622 out of 1007 companies for Return-on-Tangible-Asset. This places Zhejiang Starry Pharmaceutical Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.79. Zhejiang Starry Pharmaceutical Co's value of 1.39% is 50.2% below this benchmark. While the company's 10-year median is 4.47 vs. the industry median of 2.79, Zhejiang Starry Pharmaceutical Co has consistently been below 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 Drug Manufacturers company?
The median Return-on-Tangible-Asset among Drug Manufacturers companies is 2.79, based on 1,007 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. Zhejiang Starry Pharmaceutical Co's current Return-on-Tangible-Asset of 1.39% is 50.2% below 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 Zhejiang Starry Pharmaceutical Co and its competitors. For the Drug Manufacturers industry, the median Return-on-Tangible-Asset is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Starry Pharmaceutical Co's current Return-on-Tangible-Asset is 1.39%, which is 69% below median its own 10-year median of 4.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Starry Pharmaceutical Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Starry Pharmaceutical Co (SHSE:603520) is currently considered Fairly Valued. The stock's GF Value™ is ¥9.23, compared to a current price of ¥8.78 — trading 4.9% below its estimated fair value. The current Return-on-Tangible-Asset is 1.39%, which is 69% below median its 10-year median of 4.47 and 50.2% below the Drug Manufacturers industry median of 2.79. Zhejiang Starry Pharmaceutical Co's overall GF Score™ is 77/100 with 10 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 Zhejiang Starry Pharmaceutical Co (SHSE:603520), the current Return-on-Tangible-Asset is 1.39% 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 Zhejiang Starry Pharmaceutical Co (SHSE:603520) Overvalued in 2026?

Based on GuruFocus' analysis, Zhejiang Starry Pharmaceutical Co stock appears to be undervalued. The current stock price of ¥8.78 is trading 4.9% below its estimated GF Value™ of ¥9.23. GuruFocus considers Zhejiang Starry Pharmaceutical Co to be Fairly Valued.

Key valuation signals for SHSE:603520:

  • Return-on-Tangible-Asset: 1.39% (69% below median its 10-year median of 4.47)
  • GF Value™: ¥9.23 vs. price of ¥8.78 (4.9% below fair value)
  • GF Score™: 77/100 with 10 warning signs
  • Industry Position: 50.2% below the Drug Manufacturers median (#622 of 1007)

No single metric tells the full story. See the SHSE:603520 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zhejiang Starry Pharmaceutical Co Business Description

Address No.1 Sitali Avenue, Modern Industrial Gathering District, Zhejiang Province, Xianju County, Taizhou City, CHN, 317306
Zhejiang Starry Pharmaceutical Co Ltd is engaged in R&D, manufacture and marketing of active ingredient and intermediate X-CT non-ionic contrast agent series and Fluoroquinolones series.
77GF Score

Get the complete analysis for SHSE:603520

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥8.78
Price
¥9.23
GF Value