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Guangdong Songfa Ceramics CoSHSE:603268 +1.04%55 Return-on-Tangible-Equity is 56.26% as of Mar. 2026, which is 479% above its 10-year median of 9.71. GuruFocus rates SHSE:603268 with a GF Score™ of 55/100. The stock has 11 warning signs investors should review. Among 421 Furnishings, Fixtures & Appliances companies, Guangdong Songfa Ceramics Co ranks better than 96.44% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Guangdong Songfa Ceramics Co's annualized net income for the quarter that ended in Mar. 2026 was ¥4,374 Mil. Guangdong Songfa Ceramics Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥7,774 Mil. Therefore, Guangdong Songfa Ceramics Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 56.26%.
The historical rank and industry rank for Guangdong Songfa Ceramics Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603268'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -139.13 Med: 9.71 Max: 74.69
Current: 74.69
During the past 13 years, Guangdong Songfa Ceramics Co's highest Return-on-Tangible-Equity was 74.69%. The lowest was -139.13%. And the median was 9.71%.
SHSE:603268's Return-on-Tangible-Equity is ranked better than 96.44% of 421
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.07
vs SHSE:603268: 74.69
Guangdong Songfa Ceramics Co (SHSE:603268) 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.
Guangdong Songfa Ceramics Co Return-on-Tangible-Equity Related Terms
Guangdong Songfa Ceramics 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.
Guangdong Songfa Ceramics Co Return-on-Tangible-Equity Chart
SHSE:603268 vs SN, SGI, MHK: Return-on-Tangible-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, Guangdong Songfa Ceramics 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.
Guangdong Songfa Ceramics Co Return-on-Tangible-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Guangdong Songfa Ceramics Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Guangdong Songfa Ceramics Co's Return-on-Tangible-Equity 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-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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 56.26% mean?
Guangdong Songfa Ceramics Co (SHSE:603268) has a Return-on-Tangible-Equity of 56.26% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Guangdong Songfa Ceramics Co and its competitors. This is 479% above median its historical median of 9.71. According to the industry distribution chart, Guangdong Songfa Ceramics Co ranks #15 out of 421 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 3.6%.
Is Guangdong Songfa Ceramics Co's Return-on-Tangible-Equity too high?
Guangdong Songfa Ceramics Co's current Return-on-Tangible-Equity of 56.26% is 479% above median its 10-year median of 9.71. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Equity is 5.07. Guangdong Songfa Ceramics Co's value of 56.26% is 1009.7% above this industry median. Based on the distribution chart, Guangdong Songfa Ceramics Co ranks #15 out of 421 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Guangdong Songfa Ceramics Co has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Guangdong Songfa Ceramics Co's Return-on-Tangible-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Guangdong Songfa Ceramics Co ranks #15 out of 421 companies for Return-on-Tangible-Equity. This places Guangdong Songfa Ceramics Co in the top 4% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.07. Guangdong Songfa Ceramics Co's value of 56.26% is 1009.7% above this benchmark. While the company's 10-year median is 9.71 vs. the industry median of 5.07, Guangdong Songfa Ceramics 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-Equity for a Furnishings, Fixtures & Appliances company?
The median Return-on-Tangible-Equity among Furnishings, Fixtures & Appliances companies is 5.07, based on 421 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. Guangdong Songfa Ceramics Co's current Return-on-Tangible-Equity of 56.26% is 1009.7% 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-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 Guangdong Songfa Ceramics Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Equity is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Guangdong Songfa Ceramics Co's current Return-on-Tangible-Equity is 56.26%, which is 479% above median its own 10-year median of 9.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Guangdong Songfa Ceramics Co stock overvalued right now?
Guangdong Songfa Ceramics Co (SHSE:603268) has a current Return-on-Tangible-Equity of 56.26%. The current Return-on-Tangible-Equity is 56.26%, which is 479% above median its 10-year median of 9.71 and 1009.7% above the Furnishings, Fixtures & Appliances industry median of 5.07. Guangdong Songfa Ceramics Co's overall GF Score™ is 55/100 with 11 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 Guangdong Songfa Ceramics Co (SHSE:603268), the current Return-on-Tangible-Equity is 56.26% 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.
Guangdong Songfa Ceramics Co Ltd is engaged in research & development, design, production and sale of daily-use ceramics products. It produces household porcelain, custom porcelain hotel porcelain and other daily-use ceramic products and also products like cover tableware, tea sets, coffee utensils, display porcelain, art collection porcelain and stainless steel, crystal And household items such as glass.
55GF Score
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