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The historical rank and industry rank for Careray Digital Medical Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688607'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.03 Med: 8.46 Max: 19.06
Current: -2.03
During the past 9 years, Careray Digital Medical Technology Co's highest Return-on-Tangible-Asset was 19.06%. The lowest was -2.03%. And the median was 8.46%.
SHSE:688607's Return-on-Tangible-Asset is ranked worse than 55.92% of 853
companies
in the Medical Devices & Instruments industry
Industry Median: 0.76
vs SHSE:688607: -2.03
Careray Digital Medical Technology Co (SHSE:688607) 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.
Careray Digital Medical Technology Co Return-on-Tangible-Asset Related Terms
Careray Digital Medical 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.
Careray Digital Medical Technology Co Return-on-Tangible-Asset Chart
SHSE:688607 vs ABT, SYK, MDT: Return-on-Tangible-Asset Comparison
For the Medical Devices subindustry, Careray Digital Medical 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.
Careray Digital Medical Technology Co Return-on-Tangible-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Careray Digital Medical Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Careray Digital Medical Technology 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 -6.72% mean?
Careray Digital Medical Technology Co (SHSE:688607) has a Return-on-Tangible-Asset of -6.72% 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 Careray Digital Medical Technology Co and its competitors. According to the industry distribution chart, Careray Digital Medical Technology Co ranks #477 out of 853 companies in the Medical Devices & Instruments industry, placing it in the top 55.9%.
Is Careray Digital Medical Technology Co's Return-on-Tangible-Asset too high?
Careray Digital Medical Technology Co's current Return-on-Tangible-Asset is -6.72%. Based on the distribution chart, Careray Digital Medical Technology Co ranks #477 out of 853 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Careray Digital Medical Technology Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Careray Digital Medical Technology Co's Return-on-Tangible-Asset compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Careray Digital Medical Technology Co ranks #477 out of 853 companies for Return-on-Tangible-Asset. This places Careray Digital Medical Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.76. 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Asset among Medical Devices & Instruments companies is 0.76, based on 853 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 Careray Digital Medical Technology Co and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Careray Digital Medical Technology Co's current Return-on-Tangible-Asset is -6.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Careray Digital Medical Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Careray Digital Medical Technology Co (SHSE:688607) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥31.49, compared to a current price of ¥45.98 — trading 46% above its estimated fair value. The current Return-on-Tangible-Asset is -6.72%. Careray Digital Medical Technology Co's overall GF Score™ is 79/100 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 Careray Digital Medical Technology Co (SHSE:688607), the current Return-on-Tangible-Asset is -6.72% 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 Careray Digital Medical Technology Co (SHSE:688607) Overvalued in 2026?
Based on GuruFocus' analysis, Careray Digital Medical Technology Co stock appears to be overvalued.
The current stock price of ¥45.98 is trading 46% above its estimated GF Value™ of ¥31.49.
GuruFocus considers Careray Digital Medical Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:688607:
Return-on-Tangible-Asset: -6.72%
GF Value™: ¥31.49 vs. price of ¥45.98 (46% above fair value)
No single metric tells the full story. See the SHSE:688607 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Careray Digital Medical Technology Co Ltd is engaged in the development and production of digital X-ray flat panel detectors, which are widely used in medical, pet, security, and industrial imaging diagnostic products. The product portfolio includes radiography, mammography, fluoroscopy, dental products, and other accessories.
79GF Score
Get the complete analysis for SHSE:688607
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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