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Ciqtek CoSHSE:688828 -2.41%3 Return-on-Tangible-Asset is 0.30% as of Jun. 2026. GuruFocus rates SHSE:688828 with a GF Score™ of 3/100. The stock has 3 warning signs investors should review. Among 2,501 Hardware companies, Ciqtek Co ranks worse than 80.17% 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. Ciqtek Co's annualizedNet Income for the quarter that ended in Jun. 2026 was ¥4.4 Mil. Ciqtek Co's average total tangible assets for the quarter that ended in Jun. 2026 was ¥1,448.1 Mil. Therefore, Ciqtek Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 0.30%.
The historical rank and industry rank for Ciqtek Co's Return-on-Tangible-Asset or its related term are showing as below:
SHSE:688828'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -12.49 Med: -8.91 Max: -0.43
Current: -5.08
During the past 4 years, Ciqtek Co's highest Return-on-Tangible-Asset was -0.43%. The lowest was -12.49%. And the median was -8.91%.
SHSE:688828's Return-on-Tangible-Asset is ranked worse than 80.17% of 2501
companies
in the Hardware industry
Industry Median: 2.85
vs SHSE:688828: -5.08
Ciqtek Co (SHSE:688828) 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.
Ciqtek Co Return-on-Tangible-Asset Related Terms
Ciqtek Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Ciqtek 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:688828 vs GRMN, COHR, KEYS: Return-on-Tangible-Asset Comparison
For the Scientific & Technical Instruments subindustry, Ciqtek 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.
Ciqtek Co Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Ciqtek Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Ciqtek 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.30% mean?
Ciqtek Co (SHSE:688828) has a Return-on-Tangible-Asset of 0.30% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Ciqtek Co and its competitors. According to the industry distribution chart, Ciqtek Co ranks #2005 out of 2501 companies in the Hardware industry, placing it in the top 80.2%.
Is Ciqtek Co's Return-on-Tangible-Asset too high?
Ciqtek Co's current Return-on-Tangible-Asset is 0.30%. The Hardware industry median Return-on-Tangible-Asset is 2.85. Ciqtek Co's value of 0.30% is 89.5% below this industry median. Based on the distribution chart, Ciqtek Co ranks #2005 out of 2501 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Ciqtek Co has a GF Score™ of 3/100, reflecting its overall financial health beyond just this single metric.
How does Ciqtek Co's Return-on-Tangible-Asset compare to GRMN and COHR?
According to the Hardware industry distribution chart, Ciqtek Co ranks #2005 out of 2501 companies for Return-on-Tangible-Asset. This places Ciqtek Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.85. Ciqtek Co's value of 0.30% is 89.5% 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.85, 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. Ciqtek Co's current Return-on-Tangible-Asset of 0.30% is 89.5% 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 Ciqtek Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ciqtek Co's current Return-on-Tangible-Asset is 0.30%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ciqtek Co stock overvalued right now?
Ciqtek Co (SHSE:688828) has a current Return-on-Tangible-Asset of 0.30%. The current Return-on-Tangible-Asset is 0.30% and 89.5% below the Hardware industry median of 2.85. Ciqtek Co's overall GF Score™ is 3/100 with 3 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 Ciqtek Co (SHSE:688828), the current Return-on-Tangible-Asset is 0.30% as of Jun. 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.
Ciqtek Co Ltd is engaged in the research, development, production and sales of high-end scientific instruments. Its main business includes Electron Microscopy (FIB/SEM, TEM), Nuclear Magnetic Resonance (NMR) Spectroscopy, Electron Paramagnetic Resonance (EPR/ESR) Spectroscopy, and BET Surface Area & Pore Analyzers. The company provides customized products and solutions across environmental science, biochemistry, semiconductor technology, and materials science.
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