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Daming Electronics CoSHSE:603376 -2.34%49 Return-on-Tangible-Equity is 3.39% as of Mar. 2026, which is 90% below its 10-year median of 35.09. GuruFocus rates SHSE:603376 with a GF Score™ of 49/100. The stock has 4 warning signs investors should review. Among 1,282 Vehicles & Parts companies, Daming Electronics Co ranks better than 76.05% 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. Daming Electronics Co's annualized net income for the quarter that ended in Mar. 2026 was ¥54 Mil. Daming Electronics Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,599 Mil. Therefore, Daming Electronics Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 3.39%.
The historical rank and industry rank for Daming Electronics Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603376'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.52 Med: 35.09 Max: 44.88
Current: 15.52
During the past 7 years, Daming Electronics Co's highest Return-on-Tangible-Equity was 44.88%. The lowest was 15.52%. And the median was 35.09%.
SHSE:603376's Return-on-Tangible-Equity is ranked better than 76.05% of 1282
companies
in the Vehicles & Parts industry
Industry Median: 7.59
vs SHSE:603376: 15.52
Daming Electronics Co (SHSE:603376) 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.
Daming Electronics Co Return-on-Tangible-Equity Related Terms
Daming Electronics Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Daming Electronics Co's Return-on-Tangible-Equity 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.
Daming Electronics Co Return-on-Tangible-Equity Chart
SHSE:603376 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Daming Electronics 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.
Daming Electronics Co Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Daming Electronics Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Daming Electronics 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 3.39% mean?
Daming Electronics Co (SHSE:603376) has a Return-on-Tangible-Equity of 3.39% 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 Daming Electronics Co and its competitors. This is 90% below median its historical median of 35.09. Over the past decade, Daming Electronics Co's Return-on-Tangible-Equity has ranged from 15.52 to 44.88. According to the industry distribution chart, Daming Electronics Co ranks #307 out of 1282 companies in the Vehicles & Parts industry, placing it in the top 23.9%.
Is Daming Electronics Co's Return-on-Tangible-Equity too high?
Daming Electronics Co's current Return-on-Tangible-Equity of 3.39% is 90% below median its 10-year median of 35.09. Over the past 10 years, this metric has ranged from a low of 15.52 to a high of 44.88. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.59. Daming Electronics Co's value of 3.39% is 55.3% below this industry median. Based on the distribution chart, Daming Electronics Co ranks #307 out of 1282 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Daming Electronics Co has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Daming Electronics Co's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Daming Electronics Co ranks #307 out of 1282 companies for Return-on-Tangible-Equity. This places Daming Electronics Co in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.59. Daming Electronics Co's value of 3.39% is 55.3% below this benchmark. Historically, Daming Electronics Co's own Return-on-Tangible-Equity has ranged from 15.52 to 44.88 over the past decade. While the company's 10-year median is 35.09 vs. the industry median of 7.59, Daming Electronics Co has consistently been below 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.59, based on 1,282 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. Daming Electronics Co's current Return-on-Tangible-Equity of 3.39% is 55.3% 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-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 Daming Electronics Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daming Electronics Co's current Return-on-Tangible-Equity is 3.39%, which is 90% below median its own 10-year median of 35.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daming Electronics Co stock overvalued right now?
Daming Electronics Co (SHSE:603376) has a current Return-on-Tangible-Equity of 3.39%. The current Return-on-Tangible-Equity is 3.39%, which is 90% below median its 10-year median of 35.09 and 55.3% below the Vehicles & Parts industry median of 7.59. Daming Electronics Co's overall GF Score™ is 49/100 with 4 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 Daming Electronics Co (SHSE:603376), the current Return-on-Tangible-Equity is 3.39% 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.
Daming Electronics Co Ltd specializes in producing automobile air-conditioning and acoustic systems, as well as automobile electric appliance switches. The company operates prominently from its manufacturing base in China, supplying a broad range of automotive switches, including automotive electrical switches (such as window lift switches, combination switches, steering wheel switches, and air conditioning controllers), automotive interior lights, and new energy vehicle chargers (DCDC converter assemblies).
49GF Score
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