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SHSE:603568's Return-on-Tangible-Asset is ranked better than 89.52% of 248
companies
in the Waste Management industry
Industry Median: 2.555
vs SHSE:603568: 11.69
Zhejiang Weiming Environment Protection Co (SHSE:603568) 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.
Zhejiang Weiming Environment Protection Co Return-on-Tangible-Asset Related Terms
Zhejiang Weiming Environment Protection 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.
Zhejiang Weiming Environment Protection Co Return-on-Tangible-Asset Chart
Zhejiang Weiming Environment Protection Co Annual Data
SHSE:603568 vs WM, RSG, WCN: Return-on-Tangible-Asset Comparison
For the Waste Management subindustry, Zhejiang Weiming Environment Protection 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 Weiming Environment Protection Co Return-on-Tangible-Asset vs Waste Management 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 13.15% mean?
Zhejiang Weiming Environment Protection Co (SHSE:603568) has a Return-on-Tangible-Asset of 13.15% 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 Weiming Environment Protection Co and its competitors. This is 53% below median its historical median of 27.97. Over the past decade, Zhejiang Weiming Environment Protection Co's Return-on-Tangible-Asset has ranged from 11.69 to 35.23. According to the industry distribution chart, Zhejiang Weiming Environment Protection Co ranks #26 out of 248 companies in the Waste Management industry, placing it in the top 10.5%.
Is Zhejiang Weiming Environment Protection Co's Return-on-Tangible-Asset too high?
Zhejiang Weiming Environment Protection Co's current Return-on-Tangible-Asset of 13.15% is 53% below median its 10-year median of 27.97. Over the past 10 years, this metric has ranged from a low of 11.69 to a high of 35.23. The Waste Management industry median Return-on-Tangible-Asset is 2.56. Zhejiang Weiming Environment Protection Co's value of 13.15% is 414.7% above this industry median. Based on the distribution chart, Zhejiang Weiming Environment Protection Co ranks #26 out of 248 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Weiming Environment Protection Co has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Weiming Environment Protection Co's Return-on-Tangible-Asset compare to WM and RSG?
According to the Waste Management industry distribution chart, Zhejiang Weiming Environment Protection Co ranks #26 out of 248 companies for Return-on-Tangible-Asset. This places Zhejiang Weiming Environment Protection Co in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.56. Zhejiang Weiming Environment Protection Co's value of 13.15% is 414.7% above this benchmark. Historically, Zhejiang Weiming Environment Protection Co's own Return-on-Tangible-Asset has ranged from 11.69 to 35.23 over the past decade. While the company's 10-year median is 27.97 vs. the industry median of 2.56, Zhejiang Weiming Environment Protection 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 Waste Management company?
The median Return-on-Tangible-Asset among Waste Management companies is 2.56, based on 248 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 Weiming Environment Protection Co's current Return-on-Tangible-Asset of 13.15% is 414.7% 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 Zhejiang Weiming Environment Protection Co and its competitors. For the Waste Management industry, the median Return-on-Tangible-Asset is 2.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Weiming Environment Protection Co's current Return-on-Tangible-Asset is 13.15%, which is 53% below median its own 10-year median of 27.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Weiming Environment Protection Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Weiming Environment Protection Co (SHSE:603568) is currently considered Fairly Valued. The stock's GF Value™ is ¥14.34, compared to a current price of ¥14.54 — trading 1.4% above its estimated fair value. The current Return-on-Tangible-Asset is 13.15%, which is 53% below median its 10-year median of 27.97 and 414.7% above the Waste Management industry median of 2.56. Zhejiang Weiming Environment Protection Co's overall GF Score™ is 89/100 with 7 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 Weiming Environment Protection Co (SHSE:603568), the current Return-on-Tangible-Asset is 13.15% 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 Weiming Environment Protection Co (SHSE:603568) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Weiming Environment Protection Co stock appears to be overvalued.
The current stock price of ¥14.54 is trading 1.4% above its estimated GF Value™ of ¥14.34.
GuruFocus considers Zhejiang Weiming Environment Protection Co to be Fairly Valued.
Key valuation signals for SHSE:603568:
Return-on-Tangible-Asset: 13.15% (53% below median its 10-year median of 27.97)
GF Value™: ¥14.34 vs. price of ¥14.54 (1.4% above fair value)
Industry Position: 414.7% above the Waste Management median (#26 of 248)
No single metric tells the full story. See the SHSE:603568 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Weiming Environment Protection Co Ltd is a China-based company engaged in the solid waste disposal business. It is focused on solid waste-related technological development, equipment manufacturing and sales, project investment, project construction, and operational management. The company is also engaged in waste incineration power generation projects. The company's products include waste incineration grates, boilers, and flue gas treatment systems.
89GF Score
Get the complete analysis for SHSE:603568
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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