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SHSE:605398's Return-on-Tangible-Asset is ranked worse than 53.64% of 2897
companies
in the Software industry
Industry Median: 2.16
vs SHSE:605398: 1.17
Shanghai New Centurion Network Information Technology Co (SHSE:605398) 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.
Shanghai New Centurion Network Information Technology Co Return-on-Tangible-Asset Related Terms
Shanghai New Centurion Network Information Technology 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.
Shanghai New Centurion Network Information Technology Co Return-on-Tangible-Asset Chart
Shanghai New Centurion Network Information Technology Co Annual Data
SHSE:605398 vs IBM, ACN, FISV: Return-on-Tangible-Asset Comparison
For the Information Technology Services subindustry, Shanghai New Centurion Network Information Technology 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.
Shanghai New Centurion Network Information Technology Co Return-on-Tangible-Asset vs Software 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 1.03% mean?
Shanghai New Centurion Network Information Technology Co (SHSE:605398) has a Return-on-Tangible-Asset of 1.03% 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 Shanghai New Centurion Network Information Technology Co and its competitors. This is 90% below median its historical median of 10.19. Over the past decade, Shanghai New Centurion Network Information Technology Co's Return-on-Tangible-Asset has ranged from 1.17 to 29.64. According to the industry distribution chart, Shanghai New Centurion Network Information Technology Co ranks #1554 out of 2897 companies in the Software industry, placing it in the top 53.6%.
Is Shanghai New Centurion Network Information Technology Co's Return-on-Tangible-Asset too high?
Shanghai New Centurion Network Information Technology Co's current Return-on-Tangible-Asset of 1.03% is 90% below median its 10-year median of 10.19. Over the past 10 years, this metric has ranged from a low of 1.17 to a high of 29.64. The Software industry median Return-on-Tangible-Asset is 2.16. Shanghai New Centurion Network Information Technology Co's value of 1.03% is 52.3% below this industry median. Based on the distribution chart, Shanghai New Centurion Network Information Technology Co ranks #1554 out of 2897 companies in the Software industry, which is below the industry midpoint. Overall, Shanghai New Centurion Network Information Technology Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai New Centurion Network Information Technology Co's Return-on-Tangible-Asset compare to IBM and ACN?
According to the Software industry distribution chart, Shanghai New Centurion Network Information Technology Co ranks #1554 out of 2897 companies for Return-on-Tangible-Asset. This places Shanghai New Centurion Network Information Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.16. Shanghai New Centurion Network Information Technology Co's value of 1.03% is 52.3% below this benchmark. Historically, Shanghai New Centurion Network Information Technology Co's own Return-on-Tangible-Asset has ranged from 1.17 to 29.64 over the past decade. While the company's 10-year median is 10.19 vs. the industry median of 2.16, Shanghai New Centurion Network Information Technology 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.16, based on 2,897 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. Shanghai New Centurion Network Information Technology Co's current Return-on-Tangible-Asset of 1.03% is 52.3% 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 Shanghai New Centurion Network Information Technology Co and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai New Centurion Network Information Technology Co's current Return-on-Tangible-Asset is 1.03%, which is 90% below median its own 10-year median of 10.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai New Centurion Network Information Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai New Centurion Network Information Technology Co (SHSE:605398) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥24.01, compared to a current price of ¥20.26 — trading 15.6% below its estimated fair value. The current Return-on-Tangible-Asset is 1.03%, which is 90% below median its 10-year median of 10.19 and 52.3% below the Software industry median of 2.16. Shanghai New Centurion Network Information Technology Co's overall GF Score™ is 71/100 with 3 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 Shanghai New Centurion Network Information Technology Co (SHSE:605398), the current Return-on-Tangible-Asset is 1.03% 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 Shanghai New Centurion Network Information Technology Co (SHSE:605398) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai New Centurion Network Information Technology Co stock appears to be undervalued.
The current stock price of ¥20.26 is trading 15.6% below its estimated GF Value™ of ¥24.01.
GuruFocus considers Shanghai New Centurion Network Information Technology Co to be Modestly Undervalued.
Key valuation signals for SHSE:605398:
Return-on-Tangible-Asset: 1.03% (90% below median its 10-year median of 10.19)
GF Value™: ¥24.01 vs. price of ¥20.26 (15.6% below fair value)
Industry Position: 52.3% below the Software median (#1554 of 2897)
No single metric tells the full story. See the SHSE:605398 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai New Centurion Network Information Technology Co Ltd is an information technology system software service provider. It focuses on third-party operation and maintenance services and operation and maintenance products for IT data centers.
71GF Score
Get the complete analysis for SHSE:605398
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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