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Hefei Conver Holding CoSHSE:603409 48 Return-on-Tangible-Equity is 11.45% as of Mar. 2026, which is 52% below its 10-year median of 23.86. GuruFocus rates SHSE:603409 with a GF Score™ of 48/100. The stock has 3 warning signs investors should review. Among 1,281 Vehicles & Parts companies, Hefei Conver Holding Co ranks better than 63.15% 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. Hefei Conver Holding Co's annualized net income for the quarter that ended in Mar. 2026 was ¥166 Mil. Hefei Conver Holding Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ¥1,454 Mil. Therefore, Hefei Conver Holding Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.45%.
The historical rank and industry rank for Hefei Conver Holding Co's Return-on-Tangible-Equity or its related term are showing as below:
SHSE:603409'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 11.32 Med: 23.86 Max: 46.18
Current: 11.32
During the past 13 years, Hefei Conver Holding Co's highest Return-on-Tangible-Equity was 46.18%. The lowest was 11.32%. And the median was 23.86%.
SHSE:603409's Return-on-Tangible-Equity is ranked better than 63.15% of 1281
companies
in the Vehicles & Parts industry
Industry Median: 7.63
vs SHSE:603409: 11.32
Hefei Conver Holding Co (SHSE:603409) 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.
Hefei Conver Holding Co Return-on-Tangible-Equity Related Terms
Hefei Conver Holding Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Hefei Conver Holding 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.
Hefei Conver Holding Co Return-on-Tangible-Equity Chart
SHSE:603409 vs ORLY, AZO: Return-on-Tangible-Equity Comparison
For the Auto Parts subindustry, Hefei Conver Holding 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.
Hefei Conver Holding Co Return-on-Tangible-Equity vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Hefei Conver Holding Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hefei Conver Holding 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 11.45% mean?
Hefei Conver Holding Co (SHSE:603409) has a Return-on-Tangible-Equity of 11.45% 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 Hefei Conver Holding Co and its competitors. This is 52% below median its historical median of 23.86. Over the past decade, Hefei Conver Holding Co's Return-on-Tangible-Equity has ranged from 11.32 to 46.18. According to the industry distribution chart, Hefei Conver Holding Co ranks #472 out of 1281 companies in the Vehicles & Parts industry, placing it in the top 36.8%.
Is Hefei Conver Holding Co's Return-on-Tangible-Equity too high?
Hefei Conver Holding Co's current Return-on-Tangible-Equity of 11.45% is 52% below median its 10-year median of 23.86. Over the past 10 years, this metric has ranged from a low of 11.32 to a high of 46.18. The Vehicles & Parts industry median Return-on-Tangible-Equity is 7.63. Hefei Conver Holding Co's value of 11.45% is 50.1% above this industry median. Based on the distribution chart, Hefei Conver Holding Co ranks #472 out of 1281 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Hefei Conver Holding Co has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Hefei Conver Holding Co's Return-on-Tangible-Equity compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Hefei Conver Holding Co ranks #472 out of 1281 companies for Return-on-Tangible-Equity. This puts Hefei Conver Holding Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.63. Hefei Conver Holding Co's value of 11.45% is 50.1% above this benchmark. Historically, Hefei Conver Holding Co's own Return-on-Tangible-Equity has ranged from 11.32 to 46.18 over the past decade. While the company's 10-year median is 23.86 vs. the industry median of 7.63, Hefei Conver Holding 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 Vehicles & Parts company?
The median Return-on-Tangible-Equity among Vehicles & Parts companies is 7.63, based on 1,281 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. Hefei Conver Holding Co's current Return-on-Tangible-Equity of 11.45% is 50.1% 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 Hefei Conver Holding Co and its competitors. For the Vehicles & Parts industry, the median Return-on-Tangible-Equity is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hefei Conver Holding Co's current Return-on-Tangible-Equity is 11.45%, which is 52% below median its own 10-year median of 23.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hefei Conver Holding Co stock overvalued right now?
Hefei Conver Holding Co (SHSE:603409) has a current Return-on-Tangible-Equity of 11.45%. The current Return-on-Tangible-Equity is 11.45%, which is 52% below median its 10-year median of 23.86 and 50.1% above the Vehicles & Parts industry median of 7.63. Hefei Conver Holding Co's overall GF Score™ is 48/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Hefei Conver Holding Co (SHSE:603409), the current Return-on-Tangible-Equity is 11.45% 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.
Hefei Conver Holding Co Ltd is engaged in research & development, production and sales of automotive styling components and automotive acoustic products.
48GF Score
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