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The historical rank and industry rank for Xinjiang East Universe (Group) Gas Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603706'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.58 Med: 7.99 Max: 25.21
Current: 9.05
During the past 12 years, Xinjiang East Universe (Group) Gas Co's highest Return-on-Tangible-Asset was 25.21%. The lowest was 5.58%. And the median was 7.99%.
SHSE:603706's Return-on-Tangible-Asset is ranked better than 87.03% of 509
companies
in the Utilities - Regulated industry
Industry Median: 3.38
vs SHSE:603706: 9.05
Xinjiang East Universe (Group) Gas Co (SHSE:603706) 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.
Xinjiang East Universe (Group) Gas Co Return-on-Tangible-Asset Related Terms
Xinjiang East Universe (Group) Gas 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.
Xinjiang East Universe (Group) Gas Co Return-on-Tangible-Asset Chart
SHSE:603706 vs ATO, NI: Return-on-Tangible-Asset Comparison
For the Utilities - Regulated Gas subindustry, Xinjiang East Universe (Group) Gas 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.
Xinjiang East Universe (Group) Gas Co Return-on-Tangible-Asset vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Xinjiang East Universe (Group) Gas Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Xinjiang East Universe (Group) Gas 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 3.42% mean?
Xinjiang East Universe (Group) Gas Co (SHSE:603706) has a Return-on-Tangible-Asset of 3.42% 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 Xinjiang East Universe (Group) Gas Co and its competitors. This is 57% below median its historical median of 7.99. Over the past decade, Xinjiang East Universe (Group) Gas Co's Return-on-Tangible-Asset has ranged from 5.58 to 25.21. According to the industry distribution chart, Xinjiang East Universe (Group) Gas Co ranks #66 out of 509 companies in the Utilities - Regulated industry, placing it in the top 13%.
Is Xinjiang East Universe (Group) Gas Co's Return-on-Tangible-Asset too high?
Xinjiang East Universe (Group) Gas Co's current Return-on-Tangible-Asset of 3.42% is 57% below median its 10-year median of 7.99. Over the past 10 years, this metric has ranged from a low of 5.58 to a high of 25.21. The Utilities - Regulated industry median Return-on-Tangible-Asset is 3.38. Xinjiang East Universe (Group) Gas Co's value of 3.42% is 1.2% above this industry median. Based on the distribution chart, Xinjiang East Universe (Group) Gas Co ranks #66 out of 509 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Xinjiang East Universe (Group) Gas Co has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Xinjiang East Universe (Group) Gas Co's Return-on-Tangible-Asset compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Xinjiang East Universe (Group) Gas Co ranks #66 out of 509 companies for Return-on-Tangible-Asset. This places Xinjiang East Universe (Group) Gas Co in the top 13% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.38. Xinjiang East Universe (Group) Gas Co's value of 3.42% is 1.2% above this benchmark. Historically, Xinjiang East Universe (Group) Gas Co's own Return-on-Tangible-Asset has ranged from 5.58 to 25.21 over the past decade. While the company's 10-year median is 7.99 vs. the industry median of 3.38, Xinjiang East Universe (Group) Gas 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 an Utilities - Regulated company?
The median Return-on-Tangible-Asset among Utilities - Regulated companies is 3.38, based on 509 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. Xinjiang East Universe (Group) Gas Co's current Return-on-Tangible-Asset of 3.42% is 1.2% 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 Xinjiang East Universe (Group) Gas Co and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Asset is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xinjiang East Universe (Group) Gas Co's current Return-on-Tangible-Asset is 3.42%, which is 57% below median its own 10-year median of 7.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xinjiang East Universe (Group) Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Xinjiang East Universe (Group) Gas Co (SHSE:603706) is currently considered Fairly Valued. The stock's GF Value™ is ¥17.57, compared to a current price of ¥17.99 — trading 2.4% above its estimated fair value. The current Return-on-Tangible-Asset is 3.42%, which is 57% below median its 10-year median of 7.99 and 1.2% above the Utilities - Regulated industry median of 3.38. Xinjiang East Universe (Group) Gas Co's overall GF Score™ is 91/100 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 Xinjiang East Universe (Group) Gas Co (SHSE:603706), the current Return-on-Tangible-Asset is 3.42% 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 Xinjiang East Universe (Group) Gas Co (SHSE:603706) Overvalued in 2026?
Based on GuruFocus' analysis, Xinjiang East Universe (Group) Gas Co stock appears to be overvalued.
The current stock price of ¥17.99 is trading 2.4% above its estimated GF Value™ of ¥17.57.
GuruFocus considers Xinjiang East Universe (Group) Gas Co to be Fairly Valued.
Key valuation signals for SHSE:603706:
Return-on-Tangible-Asset: 3.42% (57% below median its 10-year median of 7.99)
GF Value™: ¥17.57 vs. price of ¥17.99 (2.4% above fair value)
Industry Position: 1.2% above the Utilities - Regulated median (#66 of 509)
No single metric tells the full story. See the SHSE:603706 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xinjiang East Universe (Group) Gas Co Ltd offers gas supplying services. It offers car gas products, residents living gas products, industrial gas products, commercial gas products and other gas equipment installation services.
91GF Score
Get the complete analysis for SHSE:603706
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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