ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. China Southern Airlines Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥5,924 Mil.
China Southern Airlines Co's average Total Assets over the quarter that ended in Mar. 2026 was ¥353,162 Mil. Therefore, China Southern Airlines Co's annualized ROA % for the quarter that ended in Mar. 2026 was 1.68%.
The historical rank and industry rank for China Southern Airlines Co's ROA % or its related term are showing as below:
SHSE:600029'
s ROA % Range Over the Past 10 Years
Min: -10.29 Med: -0.14 Max: 2.82
Current: 0.9
During the past 13 years, China Southern Airlines Co's highest ROA % was 2.82%. The lowest was -10.29%. And the median was -0.14%.
SHSE:600029's ROA % is ranked worse than 73.89% of 1015
companies
in the Transportation industry
Industry Median: 3.45
vs SHSE:600029: 0.90
China Southern Airlines Co (SHSE:600029) 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.
* 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 Airlines subindustry, China Southern Airlines Co'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 Southern Airlines Co ROA % vs Transportation Industry
For the Transportation industry and Industrials sector, China Southern Airlines Co's ROA % distribution charts can be found below:
* The bar in red indicates where China Southern Airlines Co'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 Southern Airlines Co (SHSE:600029) has a ROA % of 1.68% 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 Southern Airlines Co and its competitors. According to the industry distribution chart, China Southern Airlines Co ranks #750 out of 1015 companies in the Transportation industry, placing it in the top 73.9%.
Is China Southern Airlines Co's ROA % too high?
China Southern Airlines Co's current ROA % is 1.68%. The Transportation industry median ROA % is 3.45. China Southern Airlines Co's value of 1.68% is 51.3% below this industry median. Based on the distribution chart, China Southern Airlines Co ranks #750 out of 1015 companies in the Transportation industry, which is below the industry midpoint. Overall, China Southern Airlines Co has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Southern Airlines Co's ROA % compare to DAL and UAL?
According to the Transportation industry distribution chart, China Southern Airlines Co ranks #750 out of 1015 companies for ROA %. This places China Southern Airlines Co in the lower half of its industry. The industry median ROA % is 3.45. China Southern Airlines Co's value of 1.68% is 51.3% below this benchmark. 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 Transportation company?
The median ROA % among Transportation companies is 3.45, based on 1,015 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 Southern Airlines Co's current ROA % of 1.68% is 51.3% 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 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 Southern Airlines Co and its competitors. For the Transportation industry, the median ROA % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Southern Airlines Co's current ROA % is 1.68%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Southern Airlines Co stock overvalued right now?
Based on GuruFocus' analysis, China Southern Airlines Co (SHSE:600029) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥6.31, compared to a current price of ¥5.41 — trading 14.3% below its estimated fair value. The current ROA % is 1.68% and 51.3% below the Transportation industry median of 3.45. China Southern Airlines Co's overall GF Score™ is 64/100 with 6 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 Southern Airlines Co (SHSE:600029), the current ROA % is 1.68% 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 Southern Airlines Co (SHSE:600029) Overvalued in 2026?
Based on GuruFocus' analysis, China Southern Airlines Co stock appears to be undervalued.
The current stock price of ¥5.41 is trading 14.3% below its estimated GF Value™ of ¥6.31.
GuruFocus considers China Southern Airlines Co to be Modestly Undervalued.
Key valuation signals for SHSE:600029:
ROA %: 1.68%
GF Value™: ¥6.31 vs. price of ¥5.41 (14.3% below fair value)
Industry Position: 51.3% below the Transportation median (#750 of 1015)
No single metric tells the full story. See the SHSE:600029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Southern Airlines Co Ltd is based in Guangzhou principally engaged in airline operations. The Group also operates certain airline-related businesses, including the provision of aircraft maintenance and air catering services. The Group has two reportable operating segments: airline transportation operations and other segments. Airline transportation operations comprise the Group's passenger and cargo, and mail operations. Other segments include cargo handling, hotel and tour operation, ground services, air catering services, and other miscellaneous services. Geographically, the company operates in the Domestic, Hong Kong, Macau, and Taiwan, and International markets.
64GF Score
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