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China Tourism Group Duty FreeCTGDF 81 ROA % is 11.82% as of Mar. 2026, which is 1% below its 10-year median of 11.95. GuruFocus rates CTGDF with a GF Score™ of 81/100 and a GF Value™ of $7.91. The stock has 4 warning signs investors should review. Among 1,138 Retail - Cyclical companies, China Tourism Group Duty Free ranks better than 65.99% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. China Tourism Group Duty Free's annualizedNet Income for the quarter that ended in Mar. 2026 was $1,363 Mil.
China Tourism Group Duty Free's average Total Assets over the quarter that ended in Mar. 2026 was $11,533 Mil. Therefore, China Tourism Group Duty Free's annualized ROA % for the quarter that ended in Mar. 2026 was 11.82%.
The historical rank and industry rank for China Tourism Group Duty Free's ROA % or its related term are showing as below:
CTGDF'
s ROA % Range Over the Past 10 Years
Min: 4.74 Med: 11.95 Max: 18.97
Current: 5.1
During the past 13 years, China Tourism Group Duty Free's highest ROA % was 18.97%. The lowest was 4.74%. And the median was 11.95%.
CTGDF's ROA % is ranked better than 65.99% of 1138
companies
in the Retail - Cyclical industry
Industry Median: 2.77
vs CTGDF: 5.10
China Tourism Group Duty Free (OTCPK:CTGDF) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
China Tourism Group Duty Free ROA % Related Terms
China Tourism Group Duty Free ROA % 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.
For the Specialty Retail subindustry, China Tourism Group Duty Free's ROA %, along with its competitors' market caps and ROA % 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.
China Tourism Group Duty Free ROA % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's ROA % distribution charts can be found below:
* The bar in red indicates where China Tourism Group Duty Free's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets 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.
ROA % is displayed in the 30-year financial page.
China Tourism Group Duty Free (CTGDF) has a ROA % of 11.82% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on China Tourism Group Duty Free and its competitors. This is near median its historical median of 11.95. Over the past decade, China Tourism Group Duty Free's ROA % has ranged from 4.74 to 18.97. According to the industry distribution chart, China Tourism Group Duty Free ranks #387 out of 1138 companies in the Retail - Cyclical industry, placing it in the top 34%.
Is China Tourism Group Duty Free's ROA % too high?
China Tourism Group Duty Free's current ROA % of 11.82% is near median its 10-year median of 11.95. Over the past 10 years, this metric has ranged from a low of 4.74 to a high of 18.97. The Retail - Cyclical industry median ROA % is 2.77. China Tourism Group Duty Free's value of 11.82% is 326.7% above this industry median. Based on the distribution chart, China Tourism Group Duty Free ranks #387 out of 1138 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, China Tourism Group Duty Free has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's ROA % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, China Tourism Group Duty Free ranks #387 out of 1138 companies for ROA %. This puts China Tourism Group Duty Free in the upper half of its industry. The industry median ROA % is 2.77. China Tourism Group Duty Free's value of 11.82% is 326.7% above this benchmark. Historically, China Tourism Group Duty Free's own ROA % has ranged from 4.74 to 18.97 over the past decade. While the company's 10-year median is 11.95 vs. the industry median of 2.77, China Tourism Group Duty Free 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 ROA % for a Retail - Cyclical company?
The median ROA % among Retail - Cyclical companies is 2.77, based on 1,138 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Tourism Group Duty Free's current ROA % of 11.82% is 326.7% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on China Tourism Group Duty Free and its competitors. For the Retail - Cyclical industry, the median ROA % is 2.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Tourism Group Duty Free's current ROA % is 11.82%, which is near median its own 10-year median of 11.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
China Tourism Group Duty Free (CTGDF) has a current ROA % of 11.82%. The stock's GF Value™ is $7.91, compared to a current price of $6.25 — trading 21% below its estimated fair value. The current ROA % is 11.82%, which is near median its 10-year median of 11.95 and 326.7% above the Retail - Cyclical industry median of 2.77. China Tourism Group Duty Free's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For China Tourism Group Duty Free (CTGDF), the current ROA % is 11.82% 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.
Is China Tourism Group Duty Free (CTGDF) Overvalued in 2026?
Based on GuruFocus' analysis, China Tourism Group Duty Free stock appears to be undervalued.
The current stock price of $6.25 is trading 21% below its estimated GF Value™ of $7.91.
Key valuation signals for CTGDF:
ROA %: 11.82% (near median its 10-year median of 11.95)
GF Value™: $7.91 vs. price of $6.25 (21% below fair value)
Industry Position: 326.7% above the Retail - Cyclical median (#387 of 1138)
No single metric tells the full story. See the CTGDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
81GF Score
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