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Chongqing Brewery CoSHSE:600132 -2.25%91 ROA % is 15.44% as of Mar. 2026, which is 45% above its 10-year median of 10.66. GuruFocus rates SHSE:600132 with a GF Score™ of 91/100 and a GF Value™ of ¥58.29 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 211 Beverages - Alcoholic companies, Chongqing Brewery Co ranks better than 85.78% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Chongqing Brewery Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥1,751 Mil.
Chongqing Brewery Co's average Total Assets over the quarter that ended in Mar. 2026 was ¥11,339 Mil. Therefore, Chongqing Brewery Co's annualized ROA % for the quarter that ended in Mar. 2026 was 15.44%.
The historical rank and industry rank for Chongqing Brewery Co's ROA % or its related term are showing as below:
SHSE:600132'
s ROA % Range Over the Past 10 Years
Min: 5.11 Med: 10.66 Max: 14.8
Current: 9.96
During the past 13 years, Chongqing Brewery Co's highest ROA % was 14.80%. The lowest was 5.11%. And the median was 10.66%.
SHSE:600132's ROA % is ranked better than 85.78% of 211
companies
in the Beverages - Alcoholic industry
Industry Median: 2.99
vs SHSE:600132: 9.96
Chongqing Brewery Co (SHSE:600132) 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 Beverages - Brewers subindustry, Chongqing Brewery 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.
Chongqing Brewery Co ROA % vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Chongqing Brewery Co's ROA % distribution charts can be found below:
* The bar in red indicates where Chongqing Brewery 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.
Chongqing Brewery Co (SHSE:600132) has a ROA % of 15.44% 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 Chongqing Brewery Co and its competitors. This is 45% above median its historical median of 10.66. Over the past decade, Chongqing Brewery Co's ROA % has ranged from 5.11 to 14.80. According to the industry distribution chart, Chongqing Brewery Co ranks #30 out of 211 companies in the Beverages - Alcoholic industry, placing it in the top 14.2%.
Is Chongqing Brewery Co's ROA % too high?
Chongqing Brewery Co's current ROA % of 15.44% is 45% above median its 10-year median of 10.66. Over the past 10 years, this metric has ranged from a low of 5.11 to a high of 14.80. The Beverages - Alcoholic industry median ROA % is 2.99. Chongqing Brewery Co's value of 15.44% is 416.4% above this industry median. Based on the distribution chart, Chongqing Brewery Co ranks #30 out of 211 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Chongqing Brewery Co has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chongqing Brewery Co's ROA % compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Chongqing Brewery Co ranks #30 out of 211 companies for ROA %. This places Chongqing Brewery Co in the top 14% of its industry — outperforming the majority of peers. The industry median ROA % is 2.99. Chongqing Brewery Co's value of 15.44% is 416.4% above this benchmark. Historically, Chongqing Brewery Co's own ROA % has ranged from 5.11 to 14.80 over the past decade. While the company's 10-year median is 10.66 vs. the industry median of 2.99, Chongqing Brewery 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 ROA % for a Beverages - Alcoholic company?
The median ROA % among Beverages - Alcoholic companies is 2.99, based on 211 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. Chongqing Brewery Co's current ROA % of 15.44% is 416.4% 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 Chongqing Brewery Co and its competitors. For the Beverages - Alcoholic industry, the median ROA % is 2.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chongqing Brewery Co's current ROA % is 15.44%, which is 45% above median its own 10-year median of 10.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chongqing Brewery Co stock overvalued right now?
Based on GuruFocus' analysis, Chongqing Brewery Co (SHSE:600132) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥58.29, compared to a current price of ¥43.50 — trading 25.4% below its estimated fair value. The current ROA % is 15.44%, which is 45% above median its 10-year median of 10.66 and 416.4% above the Beverages - Alcoholic industry median of 2.99. Chongqing Brewery Co's overall GF Score™ is 91/100 with 2 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 Chongqing Brewery Co (SHSE:600132), the current ROA % is 15.44% 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 Chongqing Brewery Co (SHSE:600132) Overvalued in 2026?
Based on GuruFocus' analysis, Chongqing Brewery Co stock appears to be undervalued.
The current stock price of ¥43.50 is trading 25.4% below its estimated GF Value™ of ¥58.29.
GuruFocus considers Chongqing Brewery Co to be Modestly Undervalued.
Key valuation signals for SHSE:600132:
ROA %: 15.44% (45% above median its 10-year median of 10.66)
GF Value™: ¥58.29 vs. price of ¥43.50 (25.4% below fair value)
Industry Position: 416.4% above the Beverages - Alcoholic median (#30 of 211)
No single metric tells the full story. See the SHSE:600132 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1958 in Chongqing city, Chongqing Brewery is one of the major beer brewers in China with a strong presence in the west. The company distributes a beer portfolio consisting of international brands, such as Carlsberg, Tuborg, 1664, and domestic brands such as Chongqing. In 2013, the company became a subsidiary of Carlsberg Group after the latter acquired a 60% stake in the company. It became the sole operating platform of Carlsberg Group's China business in 2020, after the group injected all its China beer assets into Chongqing Brewery.
91GF Score
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