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Ningbo Shimao Energy CoSHSE:605028 -2.24%74 Return-on-Tangible-Asset is 0.42% as of Jun. 2026, which is 97% below its 10-year median of 14.73. GuruFocus rates SHSE:605028 with a GF Score™ of 74/100 and a GF Value™ of ¥16.34 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 453 Utilities - Independent Power Producers companies, Ningbo Shimao Energy Co ranks better than 87.86% 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. Ningbo Shimao Energy Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥5.9 Mil. Ningbo Shimao Energy Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥1,431.6 Mil. Therefore, Ningbo Shimao Energy Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 0.42%.
The historical rank and industry rank for Ningbo Shimao Energy Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:605028'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.78 Med: 14.73 Max: 24.83
Current: 7.78
During the past 10 years, Ningbo Shimao Energy Co's highest Return-on-Tangible-Asset was 24.83%. The lowest was 7.78%. And the median was 14.73%.
SHSE:605028's Return-on-Tangible-Asset is ranked better than 87.86% of 453
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.16
vs SHSE:605028: 7.78
Ningbo Shimao Energy Co (SHSE:605028) 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.
Ningbo Shimao Energy Co Return-on-Tangible-Asset Related Terms
Ningbo Shimao Energy Co Return-on-Tangible-Asset Historical Data
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The historical data trend for Ningbo Shimao Energy 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.
Ningbo Shimao Energy Co Return-on-Tangible-Asset Chart
Ningbo Shimao Energy Co Return-on-Tangible-Asset Competitor Comparison
For the Utilities - Renewable subindustry, Ningbo Shimao Energy 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.
Ningbo Shimao Energy Co Return-on-Tangible-Asset vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Ningbo Shimao Energy Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ningbo Shimao Energy 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 0.42% mean?
Ningbo Shimao Energy Co (SHSE:605028) has a Return-on-Tangible-Asset of 0.42% 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 Ningbo Shimao Energy Co and its competitors. This is 97% below median its historical median of 14.73. Over the past decade, Ningbo Shimao Energy Co's Return-on-Tangible-Asset has ranged from 7.78 to 24.83. According to the industry distribution chart, Ningbo Shimao Energy Co ranks #55 out of 453 companies in the Utilities - Independent Power Producers industry, placing it in the top 12.1%.
Is Ningbo Shimao Energy Co's Return-on-Tangible-Asset too high?
Ningbo Shimao Energy Co's current Return-on-Tangible-Asset of 0.42% is 97% below median its 10-year median of 14.73. Over the past 10 years, this metric has ranged from a low of 7.78 to a high of 24.83. The Utilities - Independent Power Producers industry median Return-on-Tangible-Asset is 1.16. Ningbo Shimao Energy Co's value of 0.42% is 63.8% below this industry median. Based on the distribution chart, Ningbo Shimao Energy Co ranks #55 out of 453 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Shimao Energy Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Shimao Energy Co's Return-on-Tangible-Asset compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Ningbo Shimao Energy Co ranks #55 out of 453 companies for Return-on-Tangible-Asset. This places Ningbo Shimao Energy Co in the top 12% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.16. Ningbo Shimao Energy Co's value of 0.42% is 63.8% below this benchmark. Historically, Ningbo Shimao Energy Co's own Return-on-Tangible-Asset has ranged from 7.78 to 24.83 over the past decade. While the company's 10-year median is 14.73 vs. the industry median of 1.16, Ningbo Shimao Energy 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 Utilities - Independent Power Producers company?
The median Return-on-Tangible-Asset among Utilities - Independent Power Producers companies is 1.16, based on 453 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. Ningbo Shimao Energy Co's current Return-on-Tangible-Asset of 0.42% is 63.8% 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 Ningbo Shimao Energy Co and its competitors. For the Utilities - Independent Power Producers industry, the median Return-on-Tangible-Asset is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Shimao Energy Co's current Return-on-Tangible-Asset is 0.42%, which is 97% below median its own 10-year median of 14.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Shimao Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Shimao Energy Co (SHSE:605028) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥16.34, compared to a current price of ¥24.02 — trading 47% above its estimated fair value. The current Return-on-Tangible-Asset is 0.42%, which is 97% below median its 10-year median of 14.73 and 63.8% below the Utilities - Independent Power Producers industry median of 1.16. Ningbo Shimao Energy Co's overall GF Score™ is 74/100 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 Ningbo Shimao Energy Co (SHSE:605028), the current Return-on-Tangible-Asset is 0.42% 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 Ningbo Shimao Energy Co (SHSE:605028) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Shimao Energy Co stock appears to be overvalued.
The current stock price of ¥24.02 is trading 47% above its estimated GF Value™ of ¥16.34.
GuruFocus considers Ningbo Shimao Energy Co to be Significantly Overvalued.
Key valuation signals for SHSE:605028:
Return-on-Tangible-Asset: 0.42% (97% below median its 10-year median of 14.73)
GF Value™: ¥16.34 vs. price of ¥24.02 (47% above fair value)
Industry Position: 63.8% below the Utilities - Independent Power Producers median (#55 of 453)
No single metric tells the full story. See the SHSE:605028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Shimao Energy Co Ltd is a cogeneration company with domestic waste and coal as the main raw materials. It provides central heating for the Sino-Italian Ningbo Ecological Park and the surrounding electroplating and food parks for the only regional cogeneration company in the area.
74GF Score
Get the complete analysis for SHSE:605028
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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