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Jiangsu Wujin Stainless Steel Pipe Group Co (SHSE:603878) 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.
Jiangsu Wujin Stainless Steel Pipe Group Co Return-on-Tangible-Asset Related Terms
Jiangsu Wujin Stainless Steel Pipe Group 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.
Jiangsu Wujin Stainless Steel Pipe Group Co Return-on-Tangible-Asset Chart
Jiangsu Wujin Stainless Steel Pipe Group Co Annual Data
SHSE:603878 vs NUE, STLD, RS: Return-on-Tangible-Asset Comparison
For the Steel subindustry, Jiangsu Wujin Stainless Steel Pipe Group 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.
Jiangsu Wujin Stainless Steel Pipe Group Co Return-on-Tangible-Asset vs Steel 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of -1.82% mean?
Jiangsu Wujin Stainless Steel Pipe Group Co (SHSE:603878) has a Return-on-Tangible-Asset of -1.82% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Jiangsu Wujin Stainless Steel Pipe Group Co and its competitors. Over the past decade, Jiangsu Wujin Stainless Steel Pipe Group Co's Return-on-Tangible-Asset has ranged from 0.81 to 10.80. According to the industry distribution chart, Jiangsu Wujin Stainless Steel Pipe Group Co ranks #392 out of 633 companies in the Steel industry, placing it in the top 61.9%.
Is Jiangsu Wujin Stainless Steel Pipe Group Co's Return-on-Tangible-Asset too high?
Jiangsu Wujin Stainless Steel Pipe Group Co's current Return-on-Tangible-Asset is -1.82%. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 10.80. Based on the distribution chart, Jiangsu Wujin Stainless Steel Pipe Group Co ranks #392 out of 633 companies in the Steel industry, which is below the industry midpoint. Overall, Jiangsu Wujin Stainless Steel Pipe Group Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jiangsu Wujin Stainless Steel Pipe Group Co's Return-on-Tangible-Asset compare to NUE and STLD?
According to the Steel industry distribution chart, Jiangsu Wujin Stainless Steel Pipe Group Co ranks #392 out of 633 companies for Return-on-Tangible-Asset. This places Jiangsu Wujin Stainless Steel Pipe Group Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.35. Historically, Jiangsu Wujin Stainless Steel Pipe Group Co's own Return-on-Tangible-Asset has ranged from 0.81 to 10.80 over the past decade. 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 Steel company?
The median Return-on-Tangible-Asset among Steel companies is 2.35, based on 633 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. 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 Jiangsu Wujin Stainless Steel Pipe Group Co and its competitors. For the Steel industry, the median Return-on-Tangible-Asset is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jiangsu Wujin Stainless Steel Pipe Group Co's current Return-on-Tangible-Asset is -1.82%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jiangsu Wujin Stainless Steel Pipe Group Co stock overvalued right now?
Based on GuruFocus' analysis, Jiangsu Wujin Stainless Steel Pipe Group Co (SHSE:603878) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.37, compared to a current price of ¥5.04 — trading 20.9% below its estimated fair value. The current Return-on-Tangible-Asset is -1.82%. Jiangsu Wujin Stainless Steel Pipe Group Co's overall GF Score™ is 79/100 with 6 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 Jiangsu Wujin Stainless Steel Pipe Group Co (SHSE:603878), the current Return-on-Tangible-Asset is -1.82% as of Mar. 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 Jiangsu Wujin Stainless Steel Pipe Group Co (SHSE:603878) Overvalued in 2026?
Based on GuruFocus' analysis, Jiangsu Wujin Stainless Steel Pipe Group Co stock appears to be undervalued.
The current stock price of ¥5.04 is trading 20.9% below its estimated GF Value™ of ¥6.37.
GuruFocus considers Jiangsu Wujin Stainless Steel Pipe Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:603878:
Return-on-Tangible-Asset: -1.82%
GF Value™: ¥6.37 vs. price of ¥5.04 (20.9% below fair value)
No single metric tells the full story. See the SHSE:603878 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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