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SHSE:600844's Return-on-Tangible-Equity is not ranked *
in the Chemicals industry.
Industry Median: 5.785 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
Inner Mongolia Jinmei Chemical Technology Co (SHSE:600844) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Inner Mongolia Jinmei Chemical Technology Co Return-on-Tangible-Equity Related Terms
Inner Mongolia Jinmei Chemical Technology Co Return-on-Tangible-Equity 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.
Inner Mongolia Jinmei Chemical Technology Co Return-on-Tangible-Equity Chart
Inner Mongolia Jinmei Chemical Technology Co Annual Data
SHSE:600844 vs DOW: Return-on-Tangible-Equity Comparison
For the Chemicals subindustry, Inner Mongolia Jinmei Chemical Technology Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Inner Mongolia Jinmei Chemical Technology Co Return-on-Tangible-Equity vs Chemicals 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity 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.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Inner Mongolia Jinmei Chemical Technology Co (SHSE:600844) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Inner Mongolia Jinmei Chemical Technology Co and its competitors. According to the industry distribution chart, Inner Mongolia Jinmei Chemical Technology Co ranks #999999 out of 1568 companies in the Chemicals industry.
Is Inner Mongolia Jinmei Chemical Technology Co's Return-on-Tangible-Equity too high?
Inner Mongolia Jinmei Chemical Technology Co's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Inner Mongolia Jinmei Chemical Technology Co ranks #999999 out of 1568 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Inner Mongolia Jinmei Chemical Technology Co has a GF Score™ of 41/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Inner Mongolia Jinmei Chemical Technology Co's Return-on-Tangible-Equity compare to DOW?
According to the Chemicals industry distribution chart, Inner Mongolia Jinmei Chemical Technology Co ranks #999999 out of 1568 companies for Return-on-Tangible-Equity. This places Inner Mongolia Jinmei Chemical Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 5.79. 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-Equity for a Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 5.79, based on 1,568 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Inner Mongolia Jinmei Chemical Technology Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 5.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inner Mongolia Jinmei Chemical Technology Co's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inner Mongolia Jinmei Chemical Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Inner Mongolia Jinmei Chemical Technology Co (SHSE:600844) is currently considered Fairly Valued. The stock's GF Value™ is ¥2.95, compared to a current price of ¥3.02 — trading 2.4% above its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Inner Mongolia Jinmei Chemical Technology Co's overall GF Score™ is 41/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Inner Mongolia Jinmei Chemical Technology Co (SHSE:600844), the current Return-on-Tangible-Equity is Negative Tangible Equity% 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.
Is Inner Mongolia Jinmei Chemical Technology Co (SHSE:600844) Overvalued in 2026?
Based on GuruFocus' analysis, Inner Mongolia Jinmei Chemical Technology Co stock appears to be overvalued.
The current stock price of ¥3.02 is trading 2.4% above its estimated GF Value™ of ¥2.95.
GuruFocus considers Inner Mongolia Jinmei Chemical Technology Co to be Fairly Valued.
No single metric tells the full story. See the SHSE:600844 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Inner Mongolia Jinmei Chemical Technology Co Business Description
Inner Mongolia Jinmei Chemical Technology Co Ltd Formerly Danhua Chemical Technology Co Ltd is a China-based company engaged in the manufacture and distribution of chemical products. At present, the company mainly produces ethylene glycol and oxalic acid from lignite through the coal-to-ethylene glycol chemical plant.
41GF Score
Get the complete analysis for SHSE:600844
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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