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SHSE:688239's Return-on-Tangible-Asset is ranked better than 58.29% of 362
companies
in the Aerospace & Defense industry
Industry Median: 3.055
vs SHSE:688239: 4.37
Guizhou Aviation Technical Development Co (SHSE:688239) 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.
Guizhou Aviation Technical Development Co Return-on-Tangible-Asset Related Terms
Guizhou Aviation Technical Development 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.
Guizhou Aviation Technical Development Co Return-on-Tangible-Asset Chart
Guizhou Aviation Technical Development Co Annual Data
SHSE:688239 vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Guizhou Aviation Technical Development 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.
Guizhou Aviation Technical Development Co Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Guizhou Aviation Technical Development Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Guizhou Aviation Technical Development 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.59% mean?
Guizhou Aviation Technical Development Co (SHSE:688239) has a Return-on-Tangible-Asset of 4.59% 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 Guizhou Aviation Technical Development Co and its competitors. This is 13% below median its historical median of 5.29. According to the industry distribution chart, Guizhou Aviation Technical Development Co ranks #151 out of 362 companies in the Aerospace & Defense industry, placing it in the top 41.7%.
Is Guizhou Aviation Technical Development Co's Return-on-Tangible-Asset too high?
Guizhou Aviation Technical Development Co's current Return-on-Tangible-Asset of 4.59% is 13% below median its 10-year median of 5.29. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.06. Guizhou Aviation Technical Development Co's value of 4.59% is 50.2% above this industry median. Based on the distribution chart, Guizhou Aviation Technical Development Co ranks #151 out of 362 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Guizhou Aviation Technical Development Co has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Guizhou Aviation Technical Development Co's Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Guizhou Aviation Technical Development Co ranks #151 out of 362 companies for Return-on-Tangible-Asset. This puts Guizhou Aviation Technical Development Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.06. Guizhou Aviation Technical Development Co's value of 4.59% is 50.2% above this benchmark. While the company's 10-year median is 5.29 vs. the industry median of 3.06, Guizhou Aviation Technical Development 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 Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.06, based on 362 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. Guizhou Aviation Technical Development Co's current Return-on-Tangible-Asset of 4.59% is 50.2% 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 Guizhou Aviation Technical Development Co and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guizhou Aviation Technical Development Co's current Return-on-Tangible-Asset is 4.59%, which is 13% below median its own 10-year median of 5.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guizhou Aviation Technical Development Co stock overvalued right now?
Based on GuruFocus' analysis, Guizhou Aviation Technical Development Co (SHSE:688239) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥37.87, compared to a current price of ¥46.00 — trading 21.5% above its estimated fair value. The current Return-on-Tangible-Asset is 4.59%, which is 13% below median its 10-year median of 5.29 and 50.2% above the Aerospace & Defense industry median of 3.06. Guizhou Aviation Technical Development Co's overall GF Score™ is 87/100 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 Guizhou Aviation Technical Development Co (SHSE:688239), the current Return-on-Tangible-Asset is 4.59% 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 Guizhou Aviation Technical Development Co (SHSE:688239) Overvalued in 2026?
Based on GuruFocus' analysis, Guizhou Aviation Technical Development Co stock appears to be overvalued.
The current stock price of ¥46.00 is trading 21.5% above its estimated GF Value™ of ¥37.87.
GuruFocus considers Guizhou Aviation Technical Development Co to be Modestly Overvalued.
Key valuation signals for SHSE:688239:
Return-on-Tangible-Asset: 4.59% (13% below median its 10-year median of 5.29)
GF Value™: ¥37.87 vs. price of ¥46.00 (21.5% above fair value)
Industry Position: 50.2% above the Aerospace & Defense median (#151 of 362)
No single metric tells the full story. See the SHSE:688239 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Guizhou Aviation Technical Development Co Ltd is engaged in the research and development, production and sales of annular forgings of difficult-to-deform aerospace metal materials. Its products are mainly used in domestic aircraft engines, gas turbines, space launch vehicles, missiles and other high-end equipment fields.
87GF Score
Get the complete analysis for SHSE:688239
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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