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SINOTECH CoSHSE:688737 52 Return-on-Tangible-Asset is 0.39% as of Mar. 2026. GuruFocus rates SHSE:688737 with a GF Score™ of 52/100 and a GF Value™ of ¥29.88 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,332 Vehicles & Parts companies, SINOTECH Co ranks worse than 81.53% on this metric.
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. SINOTECH Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥14 Mil. SINOTECH Co's average total tangible assets for the quarter that ended in Mar. 2026 was ¥3,512 Mil. Therefore, SINOTECH Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.39%.
The historical rank and industry rank for SINOTECH Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688737'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.49 Med: -0.21 Max: 19.67
Current: -1.85
During the past 13 years, SINOTECH Co's highest Return-on-Tangible-Asset was 19.67%. The lowest was -13.49%. And the median was -0.21%.
SHSE:688737's Return-on-Tangible-Asset is ranked worse than 81.53% of 1332
companies
in the Vehicles & Parts industry
Industry Median: 3.28
vs SHSE:688737: -1.85
SINOTECH Co (SHSE:688737) 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.
SINOTECH Co Return-on-Tangible-Asset Related Terms
SINOTECH Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SINOTECH Co'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:688737 vs ORLY, AZO: Return-on-Tangible-Asset Comparison
For the Auto Parts subindustry, SINOTECH 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.
SINOTECH Co Return-on-Tangible-Asset vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, SINOTECH Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SINOTECH 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 0.39% mean?
SINOTECH Co (SHSE:688737) has a Return-on-Tangible-Asset of 0.39% 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 SINOTECH Co and its competitors. According to the industry distribution chart, SINOTECH Co ranks #1086 out of 1332 companies in the Vehicles & Parts industry, placing it in the top 81.5%.
Is SINOTECH Co's Return-on-Tangible-Asset too high?
SINOTECH Co's current Return-on-Tangible-Asset is 0.39%. The Vehicles & Parts industry median Return-on-Tangible-Asset is 3.28. SINOTECH Co's value of 0.39% is 88.1% below this industry median. Based on the distribution chart, SINOTECH Co ranks #1086 out of 1332 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, SINOTECH Co has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SINOTECH Co's Return-on-Tangible-Asset compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, SINOTECH Co ranks #1086 out of 1332 companies for Return-on-Tangible-Asset. This places SINOTECH Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.28. SINOTECH Co's value of 0.39% is 88.1% below this benchmark. 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 Vehicles & Parts company?
The median Return-on-Tangible-Asset among Vehicles & Parts companies is 3.28, based on 1,332 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. SINOTECH Co's current Return-on-Tangible-Asset of 0.39% is 88.1% below 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 SINOTECH Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Asset is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SINOTECH Co's current Return-on-Tangible-Asset is 0.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SINOTECH Co stock overvalued right now?
Based on GuruFocus' analysis, SINOTECH Co (SHSE:688737) is currently considered Possible Value Trap. The stock's GF Value™ is ¥29.88, compared to a current price of ¥18.16 — trading 39.2% below its estimated fair value. The current Return-on-Tangible-Asset is 0.39% and 88.1% below the Vehicles & Parts industry median of 3.28. SINOTECH Co's overall GF Score™ is 52/100 with 8 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 SINOTECH Co (SHSE:688737), the current Return-on-Tangible-Asset is 0.39% 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 SINOTECH Co (SHSE:688737) Overvalued in 2026?
Based on GuruFocus' analysis, SINOTECH Co stock appears to be undervalued.
The current stock price of ¥18.16 is trading 39.2% below its estimated GF Value™ of ¥29.88.
GuruFocus considers SINOTECH Co to be Possible Value Trap.
Key valuation signals for SHSE:688737:
Return-on-Tangible-Asset: 0.39%
GF Value™: ¥29.88 vs. price of ¥18.16 (39.2% below fair value)
Industry Position: 88.1% below the Vehicles & Parts median (#1086 of 1332)
No single metric tells the full story. See the SHSE:688737 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SINOTECH Co Ltd is engaged in the research and development, production and sales of exhaust gas treatment catalysts, hydrogen fuel cell electrocatalysts, and other products.
52GF Score
Get the complete analysis for SHSE:688737
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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