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Shandong Gold Phoenix CoSHSE:603586 +1.58%71 Return-on-Tangible-Asset is 1.39% as of Jun. 2026, which is 76% below its 10-year median of 5.83. GuruFocus rates SHSE:603586 with a GF Score™ of 71/100 and a GF Value™ of ¥14.81 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,338 Vehicles & Parts companies, Shandong Gold Phoenix Co ranks worse than 62.41% 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. Shandong Gold Phoenix Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥35 Mil. Shandong Gold Phoenix Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥2,521 Mil. Therefore, Shandong Gold Phoenix 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 Shandong Gold Phoenix Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603586'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.99 Med: 5.83 Max: 12.84
Current: 1.81
During the past 13 years, Shandong Gold Phoenix Co's highest Return-on-Tangible-Asset was 12.84%. The lowest was -1.99%. And the median was 5.83%.
SHSE:603586's Return-on-Tangible-Asset is ranked worse than 62.41% of 1338
companies
in the Vehicles & Parts industry
Industry Median: 3.345
vs SHSE:603586: 1.81
Shandong Gold Phoenix Co (SHSE:603586) 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.
Shandong Gold Phoenix Co Return-on-Tangible-Asset Related Terms
Shandong Gold Phoenix Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Shandong Gold Phoenix 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.
Shandong Gold Phoenix Co Return-on-Tangible-Asset Chart
SHSE:603586 vs ORLY, AZO, GPC: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, Shandong Gold Phoenix 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.
Shandong Gold Phoenix Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Gold Phoenix Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shandong Gold Phoenix 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 1.39% mean?
Shandong Gold Phoenix Co (SHSE:603586) 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 Shandong Gold Phoenix Co and its competitors. This is 76% below median its historical median of 5.83. According to the industry distribution chart, Shandong Gold Phoenix Co ranks #835 out of 1338 companies in the Vehicles & Parts industry, placing it in the top 62.4%.
Is Shandong Gold Phoenix Co's Return-on-Tangible-Asset too high?
Shandong Gold Phoenix Co's current Return-on-Tangible-Asset of 1.39% is 76% below median its 10-year median of 5.83. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.35. Shandong Gold Phoenix Co's value of 1.39% is 58.4% below this industry median. Based on the distribution chart, Shandong Gold Phoenix Co ranks #835 out of 1338 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Shandong Gold Phoenix Co has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shandong Gold Phoenix Co's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Shandong Gold Phoenix Co ranks #835 out of 1338 companies for Return-on-Tangible-Asset. This places Shandong Gold Phoenix Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.35. Shandong Gold Phoenix Co's value of 1.39% is 58.4% below this benchmark. While the company's 10-year median is 5.83 vs. the industry median of 3.35, Shandong Gold Phoenix 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.35, based on 1,338 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. Shandong Gold Phoenix Co's current Return-on-Tangible-Asset of 1.39% is 58.4% 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 Shandong Gold Phoenix Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Gold Phoenix Co's current Return-on-Tangible-Asset is 1.39%, which is 76% below median its own 10-year median of 5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Gold Phoenix Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Gold Phoenix Co (SHSE:603586) is currently considered Fairly Valued. The stock's GF Value™ is ¥14.81, compared to a current price of ¥14.14 — trading 4.5% below its estimated fair value. The current Return-on-Tangible-Asset is 1.39%, which is 76% below median its 10-year median of 5.83 and 58.4% below the Vehicles & Parts industry median of 3.35. Shandong Gold Phoenix Co's overall GF Score™ is 71/100 with 5 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 Shandong Gold Phoenix Co (SHSE:603586), 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 Shandong Gold Phoenix Co (SHSE:603586) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Gold Phoenix Co stock appears to be undervalued.
The current stock price of ¥14.14 is trading 4.5% below its estimated GF Value™ of ¥14.81.
GuruFocus considers Shandong Gold Phoenix Co to be Fairly Valued.
Key valuation signals for SHSE:603586:
Return-on-Tangible-Asset: 1.39% (76% below median its 10-year median of 5.83)
GF Value™: ¥14.81 vs. price of ¥14.14 (4.5% below fair value)
Industry Position: 58.4% below the Vehicles & Parts median (#835 of 1338)
No single metric tells the full story. See the SHSE:603586 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Gold Phoenix Co Ltd is a Chinese company engaged in the business of manufacturing braking friction products. Its product portfolio includes disc brake pad, brake shoe, brake disc, brake pad, brake lining for passenger and commercial vehicles and brake products for industrial applications. The company offers its products in China, and also exports its products into other countries. The brands owned by the company are LBP, LJP and JSA.
71GF Score
Get the complete analysis for SHSE:603586
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