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Hangzhou Cable CoSHSE:603618 +0.80%49 ROA % is 3.10% as of Mar. 2026, which is 107% above its 10-year median of 1.50. GuruFocus rates SHSE:603618 with a GF Score™ of 49/100 and a GF Value™ of ¥7.32 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 3,077 Industrial Products companies, Hangzhou Cable Co ranks worse than 80.01% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Hangzhou Cable Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥323 Mil.
Hangzhou Cable Co's average Total Assets over the quarter that ended in Mar. 2026 was ¥10,420 Mil. Therefore, Hangzhou Cable Co's annualized ROA % for the quarter that ended in Mar. 2026 was 3.10%.
The historical rank and industry rank for Hangzhou Cable Co's ROA % or its related term are showing as below:
SHSE:603618'
s ROA % Range Over the Past 10 Years
Min: -2.98 Med: 1.5 Max: 3.58
Current: -2.28
During the past 13 years, Hangzhou Cable Co's highest ROA % was 3.58%. The lowest was -2.98%. And the median was 1.50%.
SHSE:603618's ROA % is ranked worse than 80.01% of 3077
companies
in the Industrial Products industry
Industry Median: 3.05
vs SHSE:603618: -2.28
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.
Hangzhou Cable Co ROA % Related Terms
Hangzhou Cable Co ROA % Historical Data
* Premium members only.
The historical data trend for Hangzhou Cable Co's ROA % can be seen below:
* 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 Electrical Equipment & Parts subindustry, Hangzhou Cable 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.
Hangzhou Cable Co ROA % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hangzhou Cable Co's ROA % distribution charts can be found below:
* The bar in red indicates where Hangzhou Cable 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.
Hangzhou Cable Co (SHSE:603618) has a ROA % of 3.10% 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 Hangzhou Cable Co and its competitors. This is 107% above median its historical median of 1.50. According to the industry distribution chart, Hangzhou Cable Co ranks #2462 out of 3077 companies in the Industrial Products industry, placing it in the top 80%.
Is Hangzhou Cable Co's ROA % too high?
Hangzhou Cable Co's current ROA % of 3.10% is 107% above median its 10-year median of 1.50. The Industrial Products industry median ROA % is 3.05. Hangzhou Cable Co's value of 3.10% is 1.6% above this industry median. Based on the distribution chart, Hangzhou Cable Co ranks #2462 out of 3077 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Hangzhou Cable Co has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hangzhou Cable Co's ROA % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hangzhou Cable Co ranks #2462 out of 3077 companies for ROA %. This places Hangzhou Cable Co in the lower half of its industry. The industry median ROA % is 3.05. Hangzhou Cable Co's value of 3.10% is 1.6% above this benchmark. While the company's 10-year median is 1.50 vs. the industry median of 3.05, Hangzhou Cable 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 an Industrial Products company?
The median ROA % among Industrial Products companies is 3.05, based on 3,077 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. Hangzhou Cable Co's current ROA % of 3.10% is 1.6% 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 Hangzhou Cable Co and its competitors. For the Industrial Products industry, the median ROA % is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hangzhou Cable Co's current ROA % is 3.10%, which is 107% above median its own 10-year median of 1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hangzhou Cable Co stock overvalued right now?
Based on GuruFocus' analysis, Hangzhou Cable Co (SHSE:603618) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥7.32, compared to a current price of ¥26.43 — trading 261.1% above its estimated fair value. The current ROA % is 3.10%, which is 107% above median its 10-year median of 1.50 and 1.6% above the Industrial Products industry median of 3.05. Hangzhou Cable Co's overall GF Score™ is 49/100 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 Hangzhou Cable Co (SHSE:603618), the current ROA % is 3.10% 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 Hangzhou Cable Co (SHSE:603618) Overvalued in 2026?
Based on GuruFocus' analysis, Hangzhou Cable Co stock appears to be overvalued.
The current stock price of ¥26.43 is trading 261.1% above its estimated GF Value™ of ¥7.32.
GuruFocus considers Hangzhou Cable Co to be Significantly Overvalued.
Key valuation signals for SHSE:603618:
ROA %: 3.10% (107% above median its 10-year median of 1.50)
GF Value™: ¥7.32 vs. price of ¥26.43 (261.1% above fair value)
Industry Position: 1.6% above the Industrial Products median (#2462 of 3077)
No single metric tells the full story. See the SHSE:603618 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hangzhou Cable Co Ltd engaged in the research and development, manufacturing and sale of wire and cable. The Company researches develop, produces and markets EHV cables, plastic wire, rubber cable and aerial cable, Aluminium alloy, Power cable, Rubber sleeve cable, Overhead wire, Mining cable and Control cable.
49GF Score
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