ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. ADD Industry (Zhejiang)'s annualizedNet Income for the quarter that ended in Mar. 2026 was ¥-72 Mil.
ADD Industry (Zhejiang)'s average Total Assets over the quarter that ended in Mar. 2026 was ¥4,188 Mil. Therefore, ADD Industry (Zhejiang)'s annualized ROA % for the quarter that ended in Mar. 2026 was -1.71%.
The historical rank and industry rank for ADD Industry (Zhejiang)'s ROA % or its related term are showing as below:
SHSE:603089'
s ROA % Range Over the Past 10 Years
Min: 1.49 Med: 3.91 Max: 13.68
Current: 1.49
During the past 13 years, ADD Industry (Zhejiang)'s highest ROA % was 13.68%. The lowest was 1.49%. And the median was 3.91%.
SHSE:603089's ROA % is ranked worse than 63.69% of 1333
companies
in the Vehicles & Parts industry
Industry Median: 2.95
vs SHSE:603089: 1.49
ADD Industry (Zhejiang) (SHSE:603089) 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 Auto Parts subindustry, ADD Industry (Zhejiang)'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.
ADD Industry (Zhejiang) ROA % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, ADD Industry (Zhejiang)'s ROA % distribution charts can be found below:
* The bar in red indicates where ADD Industry (Zhejiang)'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.
ADD Industry (Zhejiang) (SHSE:603089) has a ROA % of -1.71% 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 ADD Industry (Zhejiang) and its competitors. Over the past decade, ADD Industry (Zhejiang)'s ROA % has ranged from 1.49 to 13.68. According to the industry distribution chart, ADD Industry (Zhejiang) ranks #849 out of 1333 companies in the Vehicles & Parts industry, placing it in the top 63.7%.
Is ADD Industry (Zhejiang)'s ROA % too high?
ADD Industry (Zhejiang)'s current ROA % is -1.71%. Over the past 10 years, this metric has ranged from a low of 1.49 to a high of 13.68. Based on the distribution chart, ADD Industry (Zhejiang) ranks #849 out of 1333 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, ADD Industry (Zhejiang) has a GF Score™ of 67/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ADD Industry (Zhejiang)'s ROA % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, ADD Industry (Zhejiang) ranks #849 out of 1333 companies for ROA %. This places ADD Industry (Zhejiang) in the lower half of its industry. The industry median ROA % is 2.95. Historically, ADD Industry (Zhejiang)'s own ROA % has ranged from 1.49 to 13.68 over the past decade. 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 2.95, based on 1,333 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. 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 ADD Industry (Zhejiang) and its competitors. For the Vehicles & Parts industry, the median ROA % is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ADD Industry (Zhejiang)'s current ROA % is -1.71%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADD Industry (Zhejiang) stock overvalued right now?
Based on GuruFocus' analysis, ADD Industry (Zhejiang) (SHSE:603089) is currently considered Possible Value Trap. The stock's GF Value™ is ¥13.57, compared to a current price of ¥8.81 — trading 35.1% below its estimated fair value. The current ROA % is -1.71%. ADD Industry (Zhejiang)'s overall GF Score™ is 67/100 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 ADD Industry (Zhejiang) (SHSE:603089), the current ROA % is -1.71% 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 ADD Industry (Zhejiang) (SHSE:603089) Overvalued in 2026?
Based on GuruFocus' analysis, ADD Industry (Zhejiang) stock appears to be undervalued.
The current stock price of ¥8.81 is trading 35.1% below its estimated GF Value™ of ¥13.57.
GuruFocus considers ADD Industry (Zhejiang) to be Possible Value Trap.
Key valuation signals for SHSE:603089:
ROA %: -1.71%
GF Value™: ¥13.57 vs. price of ¥8.81 (35.1% below fair value)
No single metric tells the full story. See the SHSE:603089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ADD Industry (Zhejiang) Corp Ltd manufactures and sells shock absorbers for vehicle suspension system. It offers twin-tube shock absorbers, strut cartridges, shock absorbers with spring seat, struts, airbag shock absorbers, strut assemblies, steering dampers, adjustable shock absorbers, and cabin dampers for passenger and commercial vehicles.
67GF Score
Get the complete analysis for SHSE:603089
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:603089 has been successfully added to your 
