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China Resources MicroelectronicsSHSE:688396 +3.85%81 Return-on-Tangible-Asset is 4.43% as of Mar. 2026, which is 3% above its 10-year median of 4.30. GuruFocus rates SHSE:688396 with a GF Score™ of 81/100 and a GF Value™ of ¥54.29 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,029 Semiconductors companies, China Resources Microelectronics ranks better than 51.12% on this metric.
The historical rank and industry rank for China Resources Microelectronics's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688396'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.15 Med: 4.3 Max: 11.89
Current: 3.11
During the past 10 years, China Resources Microelectronics's highest Return-on-Tangible-Asset was 11.89%. The lowest was -4.15%. And the median was 4.30%.
SHSE:688396's Return-on-Tangible-Asset is ranked better than 51.12% of 1029
companies
in the Semiconductors industry
Industry Median: 2.84
vs SHSE:688396: 3.11
China Resources Microelectronics (SHSE:688396) 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.
China Resources Microelectronics Return-on-Tangible-Asset Related Terms
China Resources Microelectronics 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.
China Resources Microelectronics Return-on-Tangible-Asset Chart
SHSE:688396 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, China Resources Microelectronics'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.
China Resources Microelectronics Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, China Resources Microelectronics's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where China Resources Microelectronics'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 4.43% mean?
China Resources Microelectronics (SHSE:688396) has a Return-on-Tangible-Asset of 4.43% 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 China Resources Microelectronics and its competitors. This is near median its historical median of 4.30. According to the industry distribution chart, China Resources Microelectronics ranks #503 out of 1029 companies in the Semiconductors industry, placing it in the top 48.9%.
Is China Resources Microelectronics' Return-on-Tangible-Asset too high?
China Resources Microelectronics' current Return-on-Tangible-Asset of 4.43% is near median its 10-year median of 4.30. The Semiconductors industry median Return-on-Tangible-Asset is 2.84. China Resources Microelectronics' value of 4.43% is 56% above this industry median. Based on the distribution chart, China Resources Microelectronics ranks #503 out of 1029 companies in the Semiconductors industry, which is above the industry midpoint. Overall, China Resources Microelectronics has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Resources Microelectronics' Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, China Resources Microelectronics ranks #503 out of 1029 companies for Return-on-Tangible-Asset. This puts China Resources Microelectronics in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.84. China Resources Microelectronics' value of 4.43% is 56% above this benchmark. While the company's 10-year median is 4.30 vs. the industry median of 2.84, China Resources Microelectronics 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 a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.84, based on 1,029 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. China Resources Microelectronics's current Return-on-Tangible-Asset of 4.43% is 56% 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 China Resources Microelectronics and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Microelectronics's current Return-on-Tangible-Asset is 4.43%, which is near median its own 10-year median of 4.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, China Resources Microelectronics (SHSE:688396) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥54.29, compared to a current price of ¥62.02 — trading 14.2% above its estimated fair value. The current Return-on-Tangible-Asset is 4.43%, which is near median its 10-year median of 4.30 and 56% above the Semiconductors industry median of 2.84. China Resources Microelectronics' overall GF Score™ is 81/100 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 China Resources Microelectronics (SHSE:688396), the current Return-on-Tangible-Asset is 4.43% 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 China Resources Microelectronics (SHSE:688396) Overvalued in 2026?
Based on GuruFocus' analysis, China Resources Microelectronics stock appears to be overvalued.
The current stock price of ¥62.02 is trading 14.2% above its estimated GF Value™ of ¥54.29.
GuruFocus considers China Resources Microelectronics to be Modestly Overvalued.
Key valuation signals for SHSE:688396:
Return-on-Tangible-Asset: 4.43% (near median its 10-year median of 4.30)
GF Value™: ¥54.29 vs. price of ¥62.02 (14.2% above fair value)
Industry Position: 56% above the Semiconductors median (#503 of 1029)
No single metric tells the full story. See the SHSE:688396 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Resources Microelectronics Ltd is engaged in designing, producing, and selling power semiconductors, smart sensors and smart control products, as well as providing open wafer manufacturing, packaging and testing, and other manufacturing services.
81GF Score
Get the complete analysis for SHSE:688396
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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