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Ningbo Hicon Industry Technology CoSZSE:001237 -1.21%20 Return-on-Tangible-Equity is 26.61% as of Mar. 2026, which is 62% below its 10-year median of 69.46. GuruFocus rates SZSE:001237 with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 422 Furnishings, Fixtures & Appliances companies, Ningbo Hicon Industry Technology Co ranks better than 93.13% on this metric.
The historical rank and industry rank for Ningbo Hicon Industry Technology Co's Return-on-Tangible-Equity or its related term are showing as below:
SZSE:001237'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 32.47 Med: 69.46 Max: 91.37
Current: 32.47
During the past 4 years, Ningbo Hicon Industry Technology Co's highest Return-on-Tangible-Equity was 91.37%. The lowest was 32.47%. And the median was 69.46%.
SZSE:001237's Return-on-Tangible-Equity is ranked better than 93.13% of 422
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 5.15
vs SZSE:001237: 32.47
Ningbo Hicon Industry Technology Co (SZSE:001237) 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.
Ningbo Hicon Industry Technology Co Return-on-Tangible-Equity Related Terms
Ningbo Hicon Industry 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.
Ningbo Hicon Industry Technology Co Return-on-Tangible-Equity Chart
Ningbo Hicon Industry Technology Co Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Return-on-Tangible-Equity
78.68
91.37
60.23
35.30
Ningbo Hicon Industry Technology Co Quarterly Data
SZSE:001237 vs SN, SGI, MHK: Return-on-Tangible-Equity Comparison
For the Furnishings, Fixtures & Appliances subindustry, Ningbo Hicon Industry 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.
Ningbo Hicon Industry Technology Co Return-on-Tangible-Equity vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ningbo Hicon Industry Technology Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Ningbo Hicon Industry Technology 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 26.61% mean?
Ningbo Hicon Industry Technology Co (SZSE:001237) has a Return-on-Tangible-Equity of 26.61% 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 Ningbo Hicon Industry Technology Co and its competitors. This is 62% below median its historical median of 69.46. Over the past decade, Ningbo Hicon Industry Technology Co's Return-on-Tangible-Equity has ranged from 32.47 to 91.37. According to the industry distribution chart, Ningbo Hicon Industry Technology Co ranks #29 out of 422 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 6.9%.
Is Ningbo Hicon Industry Technology Co's Return-on-Tangible-Equity too high?
Ningbo Hicon Industry Technology Co's current Return-on-Tangible-Equity of 26.61% is 62% below median its 10-year median of 69.46. Over the past 10 years, this metric has ranged from a low of 32.47 to a high of 91.37. The Furnishings, Fixtures & Appliances industry median Return-on-Tangible-Equity is 5.15. Ningbo Hicon Industry Technology Co's value of 26.61% is 416.7% above this industry median. Based on the distribution chart, Ningbo Hicon Industry Technology Co ranks #29 out of 422 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Hicon Industry Technology Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Ningbo Hicon Industry Technology Co's Return-on-Tangible-Equity compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ningbo Hicon Industry Technology Co ranks #29 out of 422 companies for Return-on-Tangible-Equity. This places Ningbo Hicon Industry Technology Co in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.15. Ningbo Hicon Industry Technology Co's value of 26.61% is 416.7% above this benchmark. Historically, Ningbo Hicon Industry Technology Co's own Return-on-Tangible-Equity has ranged from 32.47 to 91.37 over the past decade. While the company's 10-year median is 69.46 vs. the industry median of 5.15, Ningbo Hicon Industry Technology 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 5.15, based on 422 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. Ningbo Hicon Industry Technology Co's current Return-on-Tangible-Equity of 26.61% is 416.7% 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 Ningbo Hicon Industry Technology Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Return-on-Tangible-Equity is 5.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Hicon Industry Technology Co's current Return-on-Tangible-Equity is 26.61%, which is 62% below median its own 10-year median of 69.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Hicon Industry Technology Co stock overvalued right now?
Ningbo Hicon Industry Technology Co (SZSE:001237) has a current Return-on-Tangible-Equity of 26.61%. The current Return-on-Tangible-Equity is 26.61%, which is 62% below median its 10-year median of 69.46 and 416.7% above the Furnishings, Fixtures & Appliances industry median of 5.15. Ningbo Hicon Industry Technology Co's overall GF Score™ is 20/100 with 1 warning sign 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 Ningbo Hicon Industry Technology Co (SZSE:001237), the current Return-on-Tangible-Equity is 26.61% 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.
Ningbo Hicon Industry Technology Co Ltd is engaged in the research, development, production, and sales of refrigeration equipment. The company's products are widely used in many commercial and household fields, such as restaurants, hotels, supermarkets, cafes, milk tea shops, convenience stores, bars, schools, and offices. It exports to various countries and regions around the world, including China, the United States, Canada, Germany, Sweden, and Australia. The company's offerings include ice makers, Commercial ice makers, wine cabinets, refrigerators, freezers, car refrigerators, Ice cream machines, display cases, and Snow melting machines.
20GF Score
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