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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. Harson Trading (China) Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥33 Mil. Harson Trading (China) Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥0 Mil. Therefore, Harson Trading (China) Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 2.11%.
The historical rank and industry rank for Harson Trading (China) Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:603958'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -14.65 Med: -2.58 Max: 5.96
Current: -1.52
During the past 13 years, Harson Trading (China) Co's highest Return-on-Tangible-Asset was 5.96%. The lowest was -14.65%. And the median was -2.58%.
SHSE:603958's Return-on-Tangible-Asset is ranked worse than 76.07% of 1074
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.34
vs SHSE:603958: -1.52
Harson Trading (China) Co (SHSE:603958) 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.
Harson Trading (China) Co Return-on-Tangible-Asset Related Terms
Harson Trading (China) Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Harson Trading (China) 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.
Harson Trading (China) Co Return-on-Tangible-Asset Chart
SHSE:603958 vs NKE, DECK, ONON: Return-on-Tangible-Asset Comparison
For the Footwear & Accessories subindustry, Harson Trading (China) 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.
Harson Trading (China) Co Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Harson Trading (China) Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Harson Trading (China) 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 2.11% mean?
Harson Trading (China) Co (SHSE:603958) has a Return-on-Tangible-Asset of 2.11% 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 Harson Trading (China) Co and its competitors. According to the industry distribution chart, Harson Trading (China) Co ranks #817 out of 1074 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 76.1%.
Is Harson Trading (China) Co's Return-on-Tangible-Asset too high?
Harson Trading (China) Co's current Return-on-Tangible-Asset is 2.11%. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.34. Harson Trading (China) Co's value of 2.11% is 9.8% below this industry median. Based on the distribution chart, Harson Trading (China) Co ranks #817 out of 1074 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Harson Trading (China) Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Harson Trading (China) Co's Return-on-Tangible-Asset compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Harson Trading (China) Co ranks #817 out of 1074 companies for Return-on-Tangible-Asset. This places Harson Trading (China) Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.34. Harson Trading (China) Co's value of 2.11% is 9.8% below this benchmark. 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.34, based on 1,074 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. Harson Trading (China) Co's current Return-on-Tangible-Asset of 2.11% is 9.8% 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 Harson Trading (China) Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harson Trading (China) Co's current Return-on-Tangible-Asset is 2.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harson Trading (China) Co stock overvalued right now?
Based on GuruFocus' analysis, Harson Trading (China) Co (SHSE:603958) is currently considered Fairly Valued. The stock's GF Value™ is ¥17.92, compared to a current price of ¥16.70 — trading 6.8% below its estimated fair value. The current Return-on-Tangible-Asset is 2.11% and 9.8% below the Manufacturing - Apparel & Accessories industry median of 2.34. Harson Trading (China) Co's overall GF Score™ is 64/100 with 4 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 Harson Trading (China) Co (SHSE:603958), the current Return-on-Tangible-Asset is 2.11% 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 Harson Trading (China) Co (SHSE:603958) Overvalued in 2026?
Based on GuruFocus' analysis, Harson Trading (China) Co stock appears to be undervalued.
The current stock price of ¥16.70 is trading 6.8% below its estimated GF Value™ of ¥17.92.
GuruFocus considers Harson Trading (China) Co to be Fairly Valued.
Key valuation signals for SHSE:603958:
Return-on-Tangible-Asset: 2.11%
GF Value™: ¥17.92 vs. price of ¥16.70 (6.8% below fair value)
Industry Position: 9.8% below the Manufacturing - Apparel & Accessories median (#817 of 1074)
No single metric tells the full story. See the SHSE:603958 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harson Trading (China) Co Ltd is a firm engaged in the brand operation, product design, production and sales of high-end leather shoes. It produces leather shoes for men and women mainly. Its brands include Harson, Kadina, Cover, Aller-A, AS, Roberta Di Camerino, Harson business, and Pikolinos.
64GF Score
Get the complete analysis for SHSE:603958
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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