Ningbo United Group CoSHSE:600051 -1.92%55 ROA % is 0.48% as of Mar. 2026, which is 84% below its 10-year median of 3.05. GuruFocus rates SHSE:600051 with a GF Score™ of 55/100 and a GF Value™ of ¥4.28 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 156 Industrial Distribution companies, Ningbo United Group Co ranks worse than 69.23% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Ningbo United Group Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥22 Mil.
Ningbo United Group Co's average Total Assets over the quarter that ended in Mar. 2026 was ¥4,526 Mil. Therefore, Ningbo United Group Co's annualized ROA % for the quarter that ended in Mar. 2026 was 0.48%.
The historical rank and industry rank for Ningbo United Group Co's ROA % or its related term are showing as below:
SHSE:600051'
s ROA % Range Over the Past 10 Years
Min: 1.51 Med: 3.05 Max: 6.44
Current: 1.59
During the past 13 years, Ningbo United Group Co's highest ROA % was 6.44%. The lowest was 1.51%. And the median was 3.05%.
SHSE:600051's ROA % is ranked worse than 69.23% of 156
companies
in the Industrial Distribution industry
Industry Median: 3.74
vs SHSE:600051: 1.59
Ningbo United Group Co (SHSE:600051) 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 Industrial Distribution subindustry, Ningbo United Group 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.
Ningbo United Group Co ROA % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Ningbo United Group Co's ROA % distribution charts can be found below:
* The bar in red indicates where Ningbo United Group 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.
Ningbo United Group Co (SHSE:600051) has a ROA % of 0.48% 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 Ningbo United Group Co and its competitors. This is 84% below median its historical median of 3.05. Over the past decade, Ningbo United Group Co's ROA % has ranged from 1.51 to 6.44. According to the industry distribution chart, Ningbo United Group Co ranks #108 out of 156 companies in the Industrial Distribution industry, placing it in the top 69.2%.
Is Ningbo United Group Co's ROA % too high?
Ningbo United Group Co's current ROA % of 0.48% is 84% below median its 10-year median of 3.05. Over the past 10 years, this metric has ranged from a low of 1.51 to a high of 6.44. The Industrial Distribution industry median ROA % is 3.74. Ningbo United Group Co's value of 0.48% is 87.2% below this industry median. Based on the distribution chart, Ningbo United Group Co ranks #108 out of 156 companies in the Industrial Distribution industry, which is below the industry midpoint. Overall, Ningbo United Group Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo United Group Co's ROA % compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Ningbo United Group Co ranks #108 out of 156 companies for ROA %. This places Ningbo United Group Co in the lower half of its industry. The industry median ROA % is 3.74. Ningbo United Group Co's value of 0.48% is 87.2% below this benchmark. Historically, Ningbo United Group Co's own ROA % has ranged from 1.51 to 6.44 over the past decade. While the company's 10-year median is 3.05 vs. the industry median of 3.74, Ningbo United Group Co has consistently been below 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 an Industrial Distribution company?
The median ROA % among Industrial Distribution companies is 3.74, based on 156 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. Ningbo United Group Co's current ROA % of 0.48% is 87.2% 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 Ningbo United Group Co and its competitors. For the Industrial Distribution industry, the median ROA % is 3.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo United Group Co's current ROA % is 0.48%, which is 84% below median its own 10-year median of 3.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo United Group Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo United Group Co (SHSE:600051) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥4.28, compared to a current price of ¥5.63 — trading 31.5% above its estimated fair value. The current ROA % is 0.48%, which is 84% below median its 10-year median of 3.05 and 87.2% below the Industrial Distribution industry median of 3.74. Ningbo United Group Co's overall GF Score™ is 55/100 with 7 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 Ningbo United Group Co (SHSE:600051), the current ROA % is 0.48% 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 Ningbo United Group Co (SHSE:600051) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo United Group Co stock appears to be overvalued.
The current stock price of ¥5.63 is trading 31.5% above its estimated GF Value™ of ¥4.28.
GuruFocus considers Ningbo United Group Co to be Significantly Overvalued.
Key valuation signals for SHSE:600051:
ROA %: 0.48% (84% below median its 10-year median of 3.05)
GF Value™: ¥4.28 vs. price of ¥5.63 (31.5% above fair value)
Industry Position: 87.2% below the Industrial Distribution median (#108 of 156)
No single metric tells the full story. See the SHSE:600051 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo United Group Co Ltd is engaged in the development, manufacturing of energy, transportation, communications, municipal infrastructure, environmental protection equipment, instruments, general machinery, and electrical products.
55GF Score
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