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Solax Power Network Technology (Zhejiang) CoSHSE:688717 -2.09%48 Return-on-Tangible-Asset is 3.58% as of Mar. 2026, which is 55% below its 10-year median of 7.88. GuruFocus rates SHSE:688717 with a GF Score™ of 48/100. The stock has 5 warning signs investors should review. Among 1,033 Semiconductors companies, Solax Power Network Technology (Zhejiang) Co ranks worse than 55.18% on this metric.
SHSE:688717's Return-on-Tangible-Asset is ranked worse than 55.18% of 1033
companies
in the Semiconductors industry
Industry Median: 3.4
vs SHSE:688717: 2.04
Solax Power Network Technology (Zhejiang) Co (SHSE:688717) 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.
Solax Power Network Technology (Zhejiang) Co Return-on-Tangible-Asset Related Terms
Solax Power Network Technology (Zhejiang) 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.
Solax Power Network Technology (Zhejiang) Co Return-on-Tangible-Asset Chart
Solax Power Network Technology (Zhejiang) Co Annual Data
SHSE:688717 vs FSLR, NXT, ENPH: Return-on-Tangible-Asset Comparison
For the Solar subindustry, Solax Power Network Technology (Zhejiang) 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.
Solax Power Network Technology (Zhejiang) Co Return-on-Tangible-Asset vs Semiconductors 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 3.58% mean?
Solax Power Network Technology (Zhejiang) Co (SHSE:688717) has a Return-on-Tangible-Asset of 3.58% 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 Solax Power Network Technology (Zhejiang) Co and its competitors. This is 55% below median its historical median of 7.88. Over the past decade, Solax Power Network Technology (Zhejiang) Co's Return-on-Tangible-Asset has ranged from 0.03 to 56.30. According to the industry distribution chart, Solax Power Network Technology (Zhejiang) Co ranks #570 out of 1033 companies in the Semiconductors industry, placing it in the top 55.2%.
Is Solax Power Network Technology (Zhejiang) Co's Return-on-Tangible-Asset too high?
Solax Power Network Technology (Zhejiang) Co's current Return-on-Tangible-Asset of 3.58% is 55% below median its 10-year median of 7.88. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 56.30. The Semiconductors industry median Return-on-Tangible-Asset is 3.40. Solax Power Network Technology (Zhejiang) Co's value of 3.58% is 5.3% above this industry median. Based on the distribution chart, Solax Power Network Technology (Zhejiang) Co ranks #570 out of 1033 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Solax Power Network Technology (Zhejiang) Co has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Solax Power Network Technology (Zhejiang) Co's Return-on-Tangible-Asset compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Solax Power Network Technology (Zhejiang) Co ranks #570 out of 1033 companies for Return-on-Tangible-Asset. This places Solax Power Network Technology (Zhejiang) Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.40. Solax Power Network Technology (Zhejiang) Co's value of 3.58% is 5.3% above this benchmark. Historically, Solax Power Network Technology (Zhejiang) Co's own Return-on-Tangible-Asset has ranged from 0.03 to 56.30 over the past decade. While the company's 10-year median is 7.88 vs. the industry median of 3.40, Solax Power Network Technology (Zhejiang) 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 a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 3.40, based on 1,033 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. Solax Power Network Technology (Zhejiang) Co's current Return-on-Tangible-Asset of 3.58% is 5.3% 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 Solax Power Network Technology (Zhejiang) Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solax Power Network Technology (Zhejiang) Co's current Return-on-Tangible-Asset is 3.58%, which is 55% below median its own 10-year median of 7.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solax Power Network Technology (Zhejiang) Co stock overvalued right now?
Solax Power Network Technology (Zhejiang) Co (SHSE:688717) has a current Return-on-Tangible-Asset of 3.58%. The current Return-on-Tangible-Asset is 3.58%, which is 55% below median its 10-year median of 7.88 and 5.3% above the Semiconductors industry median of 3.40. Solax Power Network Technology (Zhejiang) Co's overall GF Score™ is 48/100 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 Solax Power Network Technology (Zhejiang) Co (SHSE:688717), the current Return-on-Tangible-Asset is 3.58% 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.
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