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AA Industrial Belting (Shanghai) CoSHSE:603580 +3.61%51 Return-on-Tangible-Asset is 1.58% as of Jun. 2026, which is 78% below its 10-year median of 7.05. GuruFocus rates SHSE:603580 with a GF Score™ of 51/100 and a GF Value™ of ¥40.93 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 3,087 Industrial Products companies, AA Industrial Belting (Shanghai) Co ranks better than 65.44% on this metric.
The historical rank and industry rank for AA Industrial Belting (Shanghai) Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603580'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.82 Med: 7.05 Max: 14.06
Current: 5.8
During the past 13 years, AA Industrial Belting (Shanghai) Co's highest Return-on-Tangible-Asset was 14.06%. The lowest was -1.82%. And the median was 7.05%.
SHSE:603580's Return-on-Tangible-Asset is ranked better than 65.44% of 3087
companies
in the Industrial Products industry
Industry Median: 3.46
vs SHSE:603580: 5.80
AA Industrial Belting (Shanghai) Co (SHSE:603580) 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.
AA Industrial Belting (Shanghai) Co Return-on-Tangible-Asset Related Terms
AA Industrial Belting (Shanghai) 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.
AA Industrial Belting (Shanghai) Co Return-on-Tangible-Asset Chart
SHSE:603580 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, AA Industrial Belting (Shanghai) 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.
AA Industrial Belting (Shanghai) Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, AA Industrial Belting (Shanghai) Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where AA Industrial Belting (Shanghai) 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 1.58% mean?
AA Industrial Belting (Shanghai) Co (SHSE:603580) has a Return-on-Tangible-Asset of 1.58% 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 AA Industrial Belting (Shanghai) Co and its competitors. This is 78% below median its historical median of 7.05. According to the industry distribution chart, AA Industrial Belting (Shanghai) Co ranks #1067 out of 3087 companies in the Industrial Products industry, placing it in the top 34.6%.
Is AA Industrial Belting (Shanghai) Co's Return-on-Tangible-Asset too high?
AA Industrial Belting (Shanghai) Co's current Return-on-Tangible-Asset of 1.58% is 78% below median its 10-year median of 7.05. The Industrial Products industry median Return-on-Tangible-Asset is 3.46. AA Industrial Belting (Shanghai) Co's value of 1.58% is 54.3% below this industry median. Based on the distribution chart, AA Industrial Belting (Shanghai) Co ranks #1067 out of 3087 companies in the Industrial Products industry, which is above the industry midpoint. Overall, AA Industrial Belting (Shanghai) Co has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AA Industrial Belting (Shanghai) Co's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, AA Industrial Belting (Shanghai) Co ranks #1067 out of 3087 companies for Return-on-Tangible-Asset. This puts AA Industrial Belting (Shanghai) Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.46. AA Industrial Belting (Shanghai) Co's value of 1.58% is 54.3% below this benchmark. While the company's 10-year median is 7.05 vs. the industry median of 3.46, AA Industrial Belting (Shanghai) 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.46, based on 3,087 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. AA Industrial Belting (Shanghai) Co's current Return-on-Tangible-Asset of 1.58% is 54.3% 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 AA Industrial Belting (Shanghai) Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AA Industrial Belting (Shanghai) Co's current Return-on-Tangible-Asset is 1.58%, which is 78% below median its own 10-year median of 7.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AA Industrial Belting (Shanghai) Co stock overvalued right now?
Based on GuruFocus' analysis, AA Industrial Belting (Shanghai) Co (SHSE:603580) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥40.93, compared to a current price of ¥83.43 — trading 103.8% above its estimated fair value. The current Return-on-Tangible-Asset is 1.58%, which is 78% below median its 10-year median of 7.05 and 54.3% below the Industrial Products industry median of 3.46. AA Industrial Belting (Shanghai) Co's overall GF Score™ is 51/100 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 AA Industrial Belting (Shanghai) Co (SHSE:603580), the current Return-on-Tangible-Asset is 1.58% 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 AA Industrial Belting (Shanghai) Co (SHSE:603580) Overvalued in 2026?
Based on GuruFocus' analysis, AA Industrial Belting (Shanghai) Co stock appears to be overvalued.
The current stock price of ¥83.43 is trading 103.8% above its estimated GF Value™ of ¥40.93.
GuruFocus considers AA Industrial Belting (Shanghai) Co to be Significantly Overvalued.
Key valuation signals for SHSE:603580:
Return-on-Tangible-Asset: 1.58% (78% below median its 10-year median of 7.05)
GF Value™: ¥40.93 vs. price of ¥83.43 (103.8% above fair value)
Industry Position: 54.3% below the Industrial Products median (#1067 of 3087)
No single metric tells the full story. See the SHSE:603580 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AA Industrial Belting (Shanghai) Co Ltd is specialized in the research and development of light conveyor belts. Its main products include thermoplastic urethane (TPU) conveyor belts, thermoplastic polyester elastomeric (TPEE) conveyor belts, polyvinyl chloride (PVC) conveyor belts, polyethylene (PE) conveyor belts and seamless conveyor belts. Its product is widely used in food processing, airport logistics, textile printing, automotive and steel processing, tyre, tobacco, and aluminum industry.
51GF Score
Get the complete analysis for SHSE:603580
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