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SHSE:688802'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -82.26 Med: -61.98 Max: -5.7
Current: -5.7
During the past 4 years, MetaX Integrated Circuits (Shanghai) Co's highest Return-on-Tangible-Asset was -5.70%. The lowest was -82.26%. And the median was -61.98%.
SHSE:688802's Return-on-Tangible-Asset is ranked worse than 80.41% of 2501
companies
in the Hardware industry
Industry Median: 2.46
vs SHSE:688802: -5.70
MetaX Integrated Circuits (Shanghai) Co (SHSE:688802) 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.
MetaX Integrated Circuits (Shanghai) Co Return-on-Tangible-Asset Related Terms
MetaX Integrated Circuits (Shanghai) 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.
MetaX Integrated Circuits (Shanghai) Co Return-on-Tangible-Asset Chart
MetaX Integrated Circuits (Shanghai) Co Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Return-on-Tangible-Asset
-82.26
-70.27
-53.68
-9.16
MetaX Integrated Circuits (Shanghai) Co Quarterly Data
SHSE:688802 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, MetaX Integrated Circuits (Shanghai) 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.
MetaX Integrated Circuits (Shanghai) Co Return-on-Tangible-Asset vs Hardware 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 -2.93% mean?
MetaX Integrated Circuits (Shanghai) Co (SHSE:688802) has a Return-on-Tangible-Asset of -2.93% 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 MetaX Integrated Circuits (Shanghai) Co and its competitors. According to the industry distribution chart, MetaX Integrated Circuits (Shanghai) Co ranks #2011 out of 2501 companies in the Hardware industry, placing it in the top 80.4%.
Is MetaX Integrated Circuits (Shanghai) Co's Return-on-Tangible-Asset too high?
MetaX Integrated Circuits (Shanghai) Co's current Return-on-Tangible-Asset is -2.93%. Based on the distribution chart, MetaX Integrated Circuits (Shanghai) Co ranks #2011 out of 2501 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, MetaX Integrated Circuits (Shanghai) Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does MetaX Integrated Circuits (Shanghai) Co's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, MetaX Integrated Circuits (Shanghai) Co ranks #2011 out of 2501 companies for Return-on-Tangible-Asset. This places MetaX Integrated Circuits (Shanghai) Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.46. 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.46, based on 2,501 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 MetaX Integrated Circuits (Shanghai) Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MetaX Integrated Circuits (Shanghai) Co's current Return-on-Tangible-Asset is -2.93%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MetaX Integrated Circuits (Shanghai) Co stock overvalued right now?
MetaX Integrated Circuits (Shanghai) Co (SHSE:688802) has a current Return-on-Tangible-Asset of -2.93%. The current Return-on-Tangible-Asset is -2.93%. MetaX Integrated Circuits (Shanghai) Co's overall GF Score™ is 11/100 with 7 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 MetaX Integrated Circuits (Shanghai) Co (SHSE:688802), the current Return-on-Tangible-Asset is -2.93% 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.
MetaX Integrated Circuits (Shanghai) Co Ltd is engaged in the research, design, and sale of high-performance GPU chips and computing platforms. Its business activities include technical services, technology development, consulting, and technology transfer in the areas of integrated circuit, electronic, communication, computer software and hardware, and network technologies. The company also provides integrated circuit design, software development, and sells electronic products.
11GF Score
Get the complete analysis for SHSE:688802
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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