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Golden Solar New Energy Technology Holdings (HKSE:01121) 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 two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
Golden Solar New Energy Technology Holdings ROA % Related Terms
Golden Solar New Energy Technology Holdings 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.
Golden Solar New Energy Technology Holdings ROA % Chart
Golden Solar New Energy Technology Holdings Annual Data
For the Footwear & Accessories subindustry, Golden Solar New Energy Technology Holdings'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.
Golden Solar New Energy Technology Holdings ROA % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Golden Solar New Energy Technology Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Golden Solar New Energy Technology Holdings'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 two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Golden Solar New Energy Technology Holdings (HKSE:01121) has a ROA % of -47.36% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Golden Solar New Energy Technology Holdings and its competitors. According to the industry distribution chart, Golden Solar New Energy Technology Holdings ranks #1043 out of 1064 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 98%.
Is Golden Solar New Energy Technology Holdings' ROA % too high?
Golden Solar New Energy Technology Holdings' current ROA % is -47.36%. Based on the distribution chart, Golden Solar New Energy Technology Holdings ranks #1043 out of 1064 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Golden Solar New Energy Technology Holdings has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Golden Solar New Energy Technology Holdings' ROA % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Golden Solar New Energy Technology Holdings ranks #1043 out of 1064 companies for ROA %. This places Golden Solar New Energy Technology Holdings in the lower half of its industry. The industry median ROA % is 2.09. 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 Manufacturing - Apparel & Accessories company?
The median ROA % among Manufacturing - Apparel & Accessories companies is 2.09, based on 1,064 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. 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 Golden Solar New Energy Technology Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROA % is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Golden Solar New Energy Technology Holdings's current ROA % is -47.36%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Golden Solar New Energy Technology Holdings stock overvalued right now?
Based on GuruFocus' analysis, Golden Solar New Energy Technology Holdings (HKSE:01121) is currently considered Possible Value Trap. The stock's GF Value™ is HK$1.44, compared to a current price of HK$0.33 — trading 77.1% below its estimated fair value. The current ROA % is -47.36%. Golden Solar New Energy Technology Holdings' overall GF Score™ is 36/100 with 8 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 Golden Solar New Energy Technology Holdings (HKSE:01121), the current ROA % is -47.36% as of Dec. 2025. 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 Golden Solar New Energy Technology Holdings (HKSE:01121) Overvalued in 2026?
Based on GuruFocus' analysis, Golden Solar New Energy Technology Holdings stock appears to be undervalued.
The current stock price of HK$0.33 is trading 77.1% below its estimated GF Value™ of HK$1.44.
GuruFocus considers Golden Solar New Energy Technology Holdings to be Possible Value Trap.
Key valuation signals for HKSE:01121:
ROA %: -47.36%
GF Value™: HK$1.44 vs. price of HK$0.33 (77.1% below fair value)
No single metric tells the full story. See the HKSE:01121 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Golden Solar New Energy Technology Holdings Ltd is an investment holding, with its subsidiaries engaged in the manufacture and sale of slippers, sandals, casual footwear, Graphene-based EVA Foam Material and Graphene-based Slippers, Sterilizing Chips and graphene air sterilizers, and Cast-mono wafers and Castmono HJT solar cells and modules, HBC solar cells, HBC flexible modules and bendable solar awnings in the PRC. Its segments are the Boree branded products segment; the graphene-based products segment; the Original Equipment Manufacturer; and the photovoltaic products segment. Majority revenue is generated from Original Equipment Manufacturer segment produces slippers for branding and resale by others.
36GF Score
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