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Zhejiang Zhenshi New Materials CoSHSE:601112 -2.00%11 ROA % is 6.74% as of Mar. 2026, which is 18% below its 10-year median of 8.19. GuruFocus rates SHSE:601112 with a GF Score™ of 11/100. The stock has 3 warning signs investors should review. Among 3,073 Industrial Products companies, Zhejiang Zhenshi New Materials Co ranks better than 73.25% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Zhejiang Zhenshi New Materials Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥801 Mil.
Zhejiang Zhenshi New Materials Co's average Total Assets over the quarter that ended in Mar. 2026 was ¥11,875 Mil. Therefore, Zhejiang Zhenshi New Materials Co's annualized ROA % for the quarter that ended in Mar. 2026 was 6.74%.
SHSE:601112'
s ROA % Range Over the Past 10 Years
Min: 6.49 Med: 8.19 Max: 9.4
Current: 6.49
During the past 4 years, Zhejiang Zhenshi New Materials Co's highest ROA % was 9.40%. The lowest was 6.49%. And the median was 8.19%.
SHSE:601112's ROA % is ranked better than 73.25% of 3073
companies
in the Industrial Products industry
Industry Median: 3.05
vs SHSE:601112: 6.49
Zhejiang Zhenshi New Materials Co (SHSE:601112) 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.
Zhejiang Zhenshi New Materials Co ROA % Related Terms
Zhejiang Zhenshi New Materials Co 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 Industrial Machinery subindustry, Zhejiang Zhenshi New Materials 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.
Zhejiang Zhenshi New Materials Co ROA % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiang Zhenshi New Materials Co's ROA % distribution charts can be found below:
* The bar in red indicates where Zhejiang Zhenshi New Materials 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.
Zhejiang Zhenshi New Materials Co (SHSE:601112) has a ROA % of 6.74% 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 Zhejiang Zhenshi New Materials Co and its competitors. This is 18% below median its historical median of 8.19. Over the past decade, Zhejiang Zhenshi New Materials Co's ROA % has ranged from 6.49 to 9.40. According to the industry distribution chart, Zhejiang Zhenshi New Materials Co ranks #822 out of 3073 companies in the Industrial Products industry, placing it in the top 26.7%.
Is Zhejiang Zhenshi New Materials Co's ROA % too high?
Zhejiang Zhenshi New Materials Co's current ROA % of 6.74% is 18% below median its 10-year median of 8.19. Over the past 10 years, this metric has ranged from a low of 6.49 to a high of 9.40. The Industrial Products industry median ROA % is 3.05. Zhejiang Zhenshi New Materials Co's value of 6.74% is 121% above this industry median. Based on the distribution chart, Zhejiang Zhenshi New Materials Co ranks #822 out of 3073 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Zhejiang Zhenshi New Materials Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Zhenshi New Materials Co's ROA % compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Zhejiang Zhenshi New Materials Co ranks #822 out of 3073 companies for ROA %. This puts Zhejiang Zhenshi New Materials Co in the upper half of its industry. The industry median ROA % is 3.05. Zhejiang Zhenshi New Materials Co's value of 6.74% is 121% above this benchmark. Historically, Zhejiang Zhenshi New Materials Co's own ROA % has ranged from 6.49 to 9.40 over the past decade. While the company's 10-year median is 8.19 vs. the industry median of 3.05, Zhejiang Zhenshi New Materials 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 an Industrial Products company?
The median ROA % among Industrial Products companies is 3.05, based on 3,073 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. Zhejiang Zhenshi New Materials Co's current ROA % of 6.74% is 121% 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 Zhejiang Zhenshi New Materials Co and its competitors. For the Industrial Products industry, the median ROA % is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Zhenshi New Materials Co's current ROA % is 6.74%, which is 18% below median its own 10-year median of 8.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Zhenshi New Materials Co stock overvalued right now?
Zhejiang Zhenshi New Materials Co (SHSE:601112) has a current ROA % of 6.74%. The current ROA % is 6.74%, which is 18% below median its 10-year median of 8.19 and 121% above the Industrial Products industry median of 3.05. Zhejiang Zhenshi New Materials Co's overall GF Score™ is 11/100 with 3 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 Zhejiang Zhenshi New Materials Co (SHSE:601112), the current ROA % is 6.74% 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.
Zhejiang Zhenshi New Materials Co Business Description
Zhejiang Zhenshi New Materials Co Ltd is engaged in the research and development, production, and sale of fiber reinforcement materials for clean energy applications. Its activities include the manufacturing and sale of fiberglass, glass fiber reinforced plastic products, high-performance fibers and composites, as well as related power electronic components. The company specializes in the research and development, production and sales of high-performance fiber weaving, thermosetting and thermoplastic composite products. The products are used in new energy wind power, solar photovoltaic, new energy vehicles, transportation, building materials and home furnishings.
11GF Score
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