Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Ningbo Yongxin Optics Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥185 Mil.
Ningbo Yongxin Optics Co's average Total Assets over the quarter that ended in Mar. 2026 was ¥2,615 Mil. Therefore, Ningbo Yongxin Optics Co's annualized ROA % for the quarter that ended in Mar. 2026 was 7.06%.
The historical rank and industry rank for Ningbo Yongxin Optics Co's ROA % or its related term are showing as below:
SHSE:603297'
s ROA % Range Over the Past 10 Years
Min: 8.61 Med: 13.03 Max: 20.01
Current: 8.61
During the past 12 years, Ningbo Yongxin Optics Co's highest ROA % was 20.01%. The lowest was 8.61%. And the median was 13.03%.
SHSE:603297's ROA % is ranked better than 83.93% of 2501
companies
in the Hardware industry
Industry Median: 2.32
vs SHSE:603297: 8.61
Ningbo Yongxin Optics Co (SHSE:603297) 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 Scientific & Technical Instruments subindustry, Ningbo Yongxin Optics 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.
Ningbo Yongxin Optics Co ROA % vs Hardware Industry
For the Hardware industry and Technology sector, Ningbo Yongxin Optics Co's ROA % distribution charts can be found below:
* The bar in red indicates where Ningbo Yongxin Optics 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.
Ningbo Yongxin Optics Co (SHSE:603297) has a ROA % of 7.06% 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 Ningbo Yongxin Optics Co and its competitors. This is 46% below median its historical median of 13.03. Over the past decade, Ningbo Yongxin Optics Co's ROA % has ranged from 8.61 to 20.01. According to the industry distribution chart, Ningbo Yongxin Optics Co ranks #402 out of 2501 companies in the Hardware industry, placing it in the top 16.1%.
Is Ningbo Yongxin Optics Co's ROA % too high?
Ningbo Yongxin Optics Co's current ROA % of 7.06% is 46% below median its 10-year median of 13.03. Over the past 10 years, this metric has ranged from a low of 8.61 to a high of 20.01. The Hardware industry median ROA % is 2.32. Ningbo Yongxin Optics Co's value of 7.06% is 204.3% above this industry median. Based on the distribution chart, Ningbo Yongxin Optics Co ranks #402 out of 2501 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Yongxin Optics Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ningbo Yongxin Optics Co's ROA % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Ningbo Yongxin Optics Co ranks #402 out of 2501 companies for ROA %. This places Ningbo Yongxin Optics Co in the top 16% of its industry — outperforming the majority of peers. The industry median ROA % is 2.32. Ningbo Yongxin Optics Co's value of 7.06% is 204.3% above this benchmark. Historically, Ningbo Yongxin Optics Co's own ROA % has ranged from 8.61 to 20.01 over the past decade. While the company's 10-year median is 13.03 vs. the industry median of 2.32, Ningbo Yongxin Optics 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 Hardware company?
The median ROA % among Hardware companies is 2.32, based on 2,501 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. Ningbo Yongxin Optics Co's current ROA % of 7.06% is 204.3% 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 Ningbo Yongxin Optics Co and its competitors. For the Hardware industry, the median ROA % is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Yongxin Optics Co's current ROA % is 7.06%, which is 46% below median its own 10-year median of 13.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Yongxin Optics Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo Yongxin Optics Co (SHSE:603297) is currently considered Fairly Valued. The stock's GF Value™ is ¥106.09, compared to a current price of ¥105.16 — trading 0.9% below its estimated fair value. The current ROA % is 7.06%, which is 46% below median its 10-year median of 13.03 and 204.3% above the Hardware industry median of 2.32. Ningbo Yongxin Optics Co's overall GF Score™ is 95/100 with 4 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 Ningbo Yongxin Optics Co (SHSE:603297), the current ROA % is 7.06% 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 Ningbo Yongxin Optics Co (SHSE:603297) Overvalued in 2026?
Based on GuruFocus' analysis, Ningbo Yongxin Optics Co stock appears to be undervalued.
The current stock price of ¥105.16 is trading 0.9% below its estimated GF Value™ of ¥106.09.
GuruFocus considers Ningbo Yongxin Optics Co to be Fairly Valued.
Key valuation signals for SHSE:603297:
ROA %: 7.06% (46% below median its 10-year median of 13.03)
GF Value™: ¥106.09 vs. price of ¥105.16 (0.9% below fair value)
Industry Position: 204.3% above the Hardware median (#402 of 2501)
No single metric tells the full story. See the SHSE:603297 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ningbo Yongxin Optics Co Ltd is a Chinese microscope manufacturer. It is engaged in manufacturing and selling biological microscopes and industrial microscopes, strips Code scanner lens, planar optics, and professional imaging optics components under the brands NOVEL, JIANGNAN, and INOVO. The company exports its products throughout Europe, America, Japan, Singapore, and other countries and regions.
95GF Score
Get the complete analysis for SHSE:603297
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:603297 has been successfully added to your 
