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Laplace Renewable Energy Technology CoSHSE:688726 -3.37%17 Return-on-Tangible-Asset is 4.65% as of Mar. 2026, which is 5% above its 10-year median of 4.43. GuruFocus rates SHSE:688726 with a GF Score™ of 17/100. The stock has 4 warning signs investors should review. Among 3,077 Industrial Products companies, Laplace Renewable Energy Technology Co ranks better than 60.16% on this metric.
SHSE:688726'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -25.35 Med: 4.43 Max: 6.93
Current: 4.85
During the past 6 years, Laplace Renewable Energy Technology Co's highest Return-on-Tangible-Asset was 6.93%. The lowest was -25.35%. And the median was 4.43%.
SHSE:688726's Return-on-Tangible-Asset is ranked better than 60.16% of 3077
companies
in the Industrial Products industry
Industry Median: 3.32
vs SHSE:688726: 4.85
Laplace Renewable Energy Technology Co (SHSE:688726) 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.
Laplace Renewable Energy Technology Co Return-on-Tangible-Asset Related Terms
Laplace Renewable Energy 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.
Laplace Renewable Energy Technology Co Return-on-Tangible-Asset Chart
Laplace Renewable Energy Technology Co Annual Data
SHSE:688726 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Laplace Renewable Energy 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.
Laplace Renewable Energy Technology Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Laplace Renewable Energy Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Laplace Renewable Energy 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 4.65% mean?
Laplace Renewable Energy Technology Co (SHSE:688726) has a Return-on-Tangible-Asset of 4.65% 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 Laplace Renewable Energy Technology Co and its competitors. This is near median its historical median of 4.43. According to the industry distribution chart, Laplace Renewable Energy Technology Co ranks #1226 out of 3077 companies in the Industrial Products industry, placing it in the top 39.8%.
Is Laplace Renewable Energy Technology Co's Return-on-Tangible-Asset too high?
Laplace Renewable Energy Technology Co's current Return-on-Tangible-Asset of 4.65% is near median its 10-year median of 4.43. The Industrial Products industry median Return-on-Tangible-Asset is 3.32. Laplace Renewable Energy Technology Co's value of 4.65% is 40.1% above this industry median. Based on the distribution chart, Laplace Renewable Energy Technology Co ranks #1226 out of 3077 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Laplace Renewable Energy Technology Co has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Laplace Renewable Energy Technology Co's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Laplace Renewable Energy Technology Co ranks #1226 out of 3077 companies for Return-on-Tangible-Asset. This puts Laplace Renewable Energy Technology Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.32. Laplace Renewable Energy Technology Co's value of 4.65% is 40.1% above this benchmark. While the company's 10-year median is 4.43 vs. the industry median of 3.32, Laplace Renewable Energy Technology 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 Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.32, based on 3,077 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. Laplace Renewable Energy Technology Co's current Return-on-Tangible-Asset of 4.65% is 40.1% 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 Laplace Renewable Energy Technology Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Laplace Renewable Energy Technology Co's current Return-on-Tangible-Asset is 4.65%, which is near median its own 10-year median of 4.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laplace Renewable Energy Technology Co stock overvalued right now?
Laplace Renewable Energy Technology Co (SHSE:688726) has a current Return-on-Tangible-Asset of 4.65%. The current Return-on-Tangible-Asset is 4.65%, which is near median its 10-year median of 4.43 and 40.1% above the Industrial Products industry median of 3.32. Laplace Renewable Energy Technology Co's overall GF Score™ is 17/100 with 4 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 Laplace Renewable Energy Technology Co (SHSE:688726), the current Return-on-Tangible-Asset is 4.65% 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.
Laplace Renewable Energy Technology Co Ltd is engaged in research & develoment, production and sales of high-performance thermal processes, coatings and supporting automation equipment required for photovoltaic cell manufacturing.
17GF Score
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