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Shanghai Beite Technology Group Co (SHSE:603009) 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.
Shanghai Beite Technology Group Co ROA % Related Terms
Shanghai Beite Technology Group 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 Auto Parts subindustry, Shanghai Beite Technology 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.
Shanghai Beite Technology Group Co ROA % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Shanghai Beite Technology Group Co's ROA % distribution charts can be found below:
* The bar in red indicates where Shanghai Beite Technology 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.
Shanghai Beite Technology Group Co (SHSE:603009) has a ROA % of 2.77% 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 Shanghai Beite Technology Group Co and its competitors. This is 34% above median its historical median of 2.06. According to the industry distribution chart, Shanghai Beite Technology Group Co ranks #646 out of 1330 companies in the Vehicles & Parts industry, placing it in the top 48.6%.
Is Shanghai Beite Technology Group Co's ROA % too high?
Shanghai Beite Technology Group Co's current ROA % of 2.77% is 34% above median its 10-year median of 2.06. The Vehicles & Parts industry median ROA % is 3.09. Shanghai Beite Technology Group Co's value of 2.77% is 10.4% below this industry median. Based on the distribution chart, Shanghai Beite Technology Group Co ranks #646 out of 1330 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Shanghai Beite Technology Group Co has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai Beite Technology Group Co's ROA % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Shanghai Beite Technology Group Co ranks #646 out of 1330 companies for ROA %. This puts Shanghai Beite Technology Group Co in the upper half of its industry. The industry median ROA % is 3.09. Shanghai Beite Technology Group Co's value of 2.77% is 10.4% below this benchmark. While the company's 10-year median is 2.06 vs. the industry median of 3.09, Shanghai Beite Technology 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 a Vehicles & Parts company?
The median ROA % among Vehicles & Parts companies is 3.09, based on 1,330 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. Shanghai Beite Technology Group Co's current ROA % of 2.77% is 10.4% 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 Shanghai Beite Technology Group Co and its competitors. For the Vehicles & Parts industry, the median ROA % is 3.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai Beite Technology Group Co's current ROA % is 2.77%, which is 34% above median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai Beite Technology Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai Beite Technology Group Co (SHSE:603009) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥41.31, compared to a current price of ¥47.99 — trading 16.2% above its estimated fair value. The current ROA % is 2.77%, which is 34% above median its 10-year median of 2.06 and 10.4% below the Vehicles & Parts industry median of 3.09. Shanghai Beite Technology Group Co's overall GF Score™ is 86/100 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 Shanghai Beite Technology Group Co (SHSE:603009), the current ROA % is 2.77% 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 Shanghai Beite Technology Group Co (SHSE:603009) Overvalued in 2026?
Based on GuruFocus' analysis, Shanghai Beite Technology Group Co stock appears to be overvalued.
The current stock price of ¥47.99 is trading 16.2% above its estimated GF Value™ of ¥41.31.
GuruFocus considers Shanghai Beite Technology Group Co to be Modestly Overvalued.
Key valuation signals for SHSE:603009:
ROA %: 2.77% (34% above median its 10-year median of 2.06)
GF Value™: ¥41.31 vs. price of ¥47.99 (16.2% above fair value)
Industry Position: 10.4% below the Vehicles & Parts median (#646 of 1330)
No single metric tells the full story. See the SHSE:603009 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shanghai Beite Technology Group Co Ltd operates in the automotive parts and accessories manufacturing industry. Its automotive parts business covers three sectors: chassis parts, aluminum alloy lightweight, and air-conditioning compressors. The group manufactures metal products; imports and exports goods and technology; technology development, transfer, consulting, and services in the new materials field; business management and consulting services; research and development, and sales of automotive air conditioners and compressors (excluding special equipment); automotive air conditioning systems and their accessories; and automotive parts. Its products are Gear, Output shaft, Piston rod, CDC-ivo control valve parts, Diesel injector body, Yoke Classware, and Others.
86GF Score
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