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Daming Electronics CoSHSE:603376 -2.34%49 ROA % is 1.77% as of Mar. 2026, which is 81% below its 10-year median of 9.23. GuruFocus rates SHSE:603376 with a GF Score™ of 49/100. The stock has 4 warning signs investors should review. Among 1,330 Vehicles & Parts companies, Daming Electronics Co ranks better than 77.97% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Daming Electronics Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥54 Mil.
Daming Electronics Co's average Total Assets over the quarter that ended in Mar. 2026 was ¥3,061 Mil. Therefore, Daming Electronics Co's annualized ROA % for the quarter that ended in Mar. 2026 was 1.77%.
The historical rank and industry rank for Daming Electronics Co's ROA % or its related term are showing as below:
SHSE:603376'
s ROA % Range Over the Past 10 Years
Min: 4.61 Med: 9.23 Max: 11.58
Current: 6.86
During the past 7 years, Daming Electronics Co's highest ROA % was 11.58%. The lowest was 4.61%. And the median was 9.23%.
SHSE:603376's ROA % is ranked better than 77.97% of 1330
companies
in the Vehicles & Parts industry
Industry Median: 3.02
vs SHSE:603376: 6.86
Daming Electronics Co (SHSE:603376) 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, Daming Electronics 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.
Daming Electronics Co ROA % vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Daming Electronics Co's ROA % distribution charts can be found below:
* The bar in red indicates where Daming Electronics 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.
Daming Electronics Co (SHSE:603376) has a ROA % of 1.77% 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 Daming Electronics Co and its competitors. This is 81% below median its historical median of 9.23. Over the past decade, Daming Electronics Co's ROA % has ranged from 4.61 to 11.58. According to the industry distribution chart, Daming Electronics Co ranks #293 out of 1330 companies in the Vehicles & Parts industry, placing it in the top 22%.
Is Daming Electronics Co's ROA % too high?
Daming Electronics Co's current ROA % of 1.77% is 81% below median its 10-year median of 9.23. Over the past 10 years, this metric has ranged from a low of 4.61 to a high of 11.58. The Vehicles & Parts industry median ROA % is 3.02. Daming Electronics Co's value of 1.77% is 41.4% below this industry median. Based on the distribution chart, Daming Electronics Co ranks #293 out of 1330 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Daming Electronics Co has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Daming Electronics Co's ROA % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Daming Electronics Co ranks #293 out of 1330 companies for ROA %. This places Daming Electronics Co in the top 22% of its industry — outperforming the majority of peers. The industry median ROA % is 3.02. Daming Electronics Co's value of 1.77% is 41.4% below this benchmark. Historically, Daming Electronics Co's own ROA % has ranged from 4.61 to 11.58 over the past decade. While the company's 10-year median is 9.23 vs. the industry median of 3.02, Daming Electronics 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 3.02, 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. Daming Electronics Co's current ROA % of 1.77% is 41.4% 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 Daming Electronics Co and its competitors. For the Vehicles & Parts industry, the median ROA % is 3.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daming Electronics Co's current ROA % is 1.77%, which is 81% below median its own 10-year median of 9.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daming Electronics Co stock overvalued right now?
Daming Electronics Co (SHSE:603376) has a current ROA % of 1.77%. The current ROA % is 1.77%, which is 81% below median its 10-year median of 9.23 and 41.4% below the Vehicles & Parts industry median of 3.02. Daming Electronics Co's overall GF Score™ is 49/100 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 Daming Electronics Co (SHSE:603376), the current ROA % is 1.77% 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.
Daming Electronics Co Ltd specializes in producing automobile air-conditioning and acoustic systems, as well as automobile electric appliance switches. The company operates prominently from its manufacturing base in China, supplying a broad range of automotive switches, including automotive electrical switches (such as window lift switches, combination switches, steering wheel switches, and air conditioning controllers), automotive interior lights, and new energy vehicle chargers (DCDC converter assemblies).
49GF Score
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