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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. Shanghai Chemspec's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥-50.3 Mil. Shanghai Chemspec's average total tangible assets for the quarter that ended in Mar. 2026 was ¥3,048.6 Mil. Therefore, Shanghai Chemspec's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -1.65%.
The historical rank and industry rank for Shanghai Chemspec's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688602'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.42 Med: 7 Max: 22.73
Current: -3.42
During the past 10 years, Shanghai Chemspec's highest Return-on-Tangible-Asset was 22.73%. The lowest was -3.42%. And the median was 7.00%.
SHSE:688602's Return-on-Tangible-Asset is ranked worse than 83.48% of 1616
companies
in the Chemicals industry
Industry Median: 3.385
vs SHSE:688602: -3.42
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 Chemspec Return-on-Tangible-Asset Related Terms
Shanghai Chemspec Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Shanghai Chemspec'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.
SHSE:688602 vs DOW: Return-on-Tangible-Asset Comparison
For the Chemicals subindustry, Shanghai Chemspec'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 Chemspec Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Shanghai Chemspec's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shanghai Chemspec'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 -1.65% mean?
Shanghai Chemspec (SHSE:688602) has a Return-on-Tangible-Asset of -1.65% 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 Chemspec and its competitors. According to the industry distribution chart, Shanghai Chemspec ranks #1349 out of 1616 companies in the Chemicals industry, placing it in the top 83.5%.
Is Shanghai Chemspec's Return-on-Tangible-Asset too high?
Shanghai Chemspec's current Return-on-Tangible-Asset is -1.65%. Based on the distribution chart, Shanghai Chemspec ranks #1349 out of 1616 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Shanghai Chemspec has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Chemspec's Return-on-Tangible-Asset compare to DOW?
According to the Chemicals industry distribution chart, Shanghai Chemspec ranks #1349 out of 1616 companies for Return-on-Tangible-Asset. This places Shanghai Chemspec in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.39. 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.39, based on 1,616 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. 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 Chemspec and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Chemspec's current Return-on-Tangible-Asset is -1.65%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Chemspec stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Chemspec (SHSE:688602) is currently considered Fairly Valued. The stock's GF Value™ is ¥6.21, compared to a current price of ¥6.73 — trading 8.4% above its estimated fair value. The current Return-on-Tangible-Asset is -1.65%. Shanghai Chemspec's overall GF Score™ is 72/100 with 2 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 Chemspec (SHSE:688602), the current Return-on-Tangible-Asset is -1.65% 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 Chemspec (SHSE:688602) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Chemspec stock appears to be overvalued.
The current stock price of ¥6.73 is trading 8.4% above its estimated GF Value™ of ¥6.21.
GuruFocus considers Shanghai Chemspec to be Fairly Valued.
Key valuation signals for SHSE:688602:
Return-on-Tangible-Asset: -1.65%
GF Value™: ¥6.21 vs. price of ¥6.73 (8.4% above fair value)
No single metric tells the full story. See the SHSE:688602 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Chemspec Corp is engaged in research & development, production and sales of fine chemicals. It is globally recognized as an industry leader in providing fluorinated specialty chemicals serving markets in a variety of applications. These include liquid crystals, lithium-ion battery components, pharmaceutical chemicals, and agrochemicals.
72GF Score
Get the complete analysis for SHSE:688602
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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