What is Solbar Ningbo Protein Technology Co ROA %?
Solbar Ningbo Protein Technology CoSHSE:603231 +1.74%33 ROA % is 5.61% as of Mar. 2026, which is 36% below its 10-year median of 8.77. GuruFocus rates SHSE:603231 with a GF Score™ of 33/100. The stock has 1 warning sign investors should review. Among 1,986 Consumer Packaged Goods companies, Solbar Ningbo Protein Technology Co ranks better than 76.84% on this metric.
SHSE:603231's ROA % is ranked better than 76.84% of 1986
companies
in the Consumer Packaged Goods industry
Industry Median: 3.24
vs SHSE:603231: 8.09
Solbar Ningbo Protein Technology Co (SHSE:603231) 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.
Solbar Ningbo Protein Technology Co ROA % Related Terms
Solbar Ningbo Protein Technology 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 Packaged Foods subindustry, Solbar Ningbo Protein Technology 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.
Solbar Ningbo Protein Technology Co ROA % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Solbar Ningbo Protein Technology Co's ROA % distribution charts can be found below:
* The bar in red indicates where Solbar Ningbo Protein Technology 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.
Solbar Ningbo Protein Technology Co (SHSE:603231) has a ROA % of 5.61% 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 Solbar Ningbo Protein Technology Co and its competitors. This is 36% below median its historical median of 8.77. Over the past decade, Solbar Ningbo Protein Technology Co's ROA % has ranged from 5.68 to 15.85. According to the industry distribution chart, Solbar Ningbo Protein Technology Co ranks #460 out of 1986 companies in the Consumer Packaged Goods industry, placing it in the top 23.2%.
Is Solbar Ningbo Protein Technology Co's ROA % too high?
Solbar Ningbo Protein Technology Co's current ROA % of 5.61% is 36% below median its 10-year median of 8.77. Over the past 10 years, this metric has ranged from a low of 5.68 to a high of 15.85. The Consumer Packaged Goods industry median ROA % is 3.24. Solbar Ningbo Protein Technology Co's value of 5.61% is 73.1% above this industry median. Based on the distribution chart, Solbar Ningbo Protein Technology Co ranks #460 out of 1986 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Solbar Ningbo Protein Technology Co has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Solbar Ningbo Protein Technology Co's ROA % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Solbar Ningbo Protein Technology Co ranks #460 out of 1986 companies for ROA %. This places Solbar Ningbo Protein Technology Co in the top 23% of its industry — outperforming the majority of peers. The industry median ROA % is 3.24. Solbar Ningbo Protein Technology Co's value of 5.61% is 73.1% above this benchmark. Historically, Solbar Ningbo Protein Technology Co's own ROA % has ranged from 5.68 to 15.85 over the past decade. While the company's 10-year median is 8.77 vs. the industry median of 3.24, Solbar Ningbo Protein Technology 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 Consumer Packaged Goods company?
The median ROA % among Consumer Packaged Goods companies is 3.24, based on 1,986 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. Solbar Ningbo Protein Technology Co's current ROA % of 5.61% is 73.1% 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 Solbar Ningbo Protein Technology Co and its competitors. For the Consumer Packaged Goods industry, the median ROA % is 3.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solbar Ningbo Protein Technology Co's current ROA % is 5.61%, which is 36% below median its own 10-year median of 8.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solbar Ningbo Protein Technology Co stock overvalued right now?
Solbar Ningbo Protein Technology Co (SHSE:603231) has a current ROA % of 5.61%. The current ROA % is 5.61%, which is 36% below median its 10-year median of 8.77 and 73.1% above the Consumer Packaged Goods industry median of 3.24. Solbar Ningbo Protein Technology Co's overall GF Score™ is 33/100 with 1 warning sign 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 Solbar Ningbo Protein Technology Co (SHSE:603231), the current ROA % is 5.61% 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.
Solbar Ningbo Protein Technology Co Business Description
Solbar Ningbo Protein Technology Co Ltd is engaged in the production and sales of soy protein series products. Its products include Functional Soy Protein Concentrates, Textured Soy Protein Concentrates, Textured Soy Protein, Textured Fibrous Vegetable Protein, Isolated Soy Protein and Defatted Soy Flour.
33GF Score
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