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Zhejiang Chenfeng Science And Technology Co (SHSE:603685) 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.
Zhejiang Chenfeng Science And Technology Co ROA % Related Terms
Zhejiang Chenfeng Science And 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.
Zhejiang Chenfeng Science And Technology Co ROA % Chart
Zhejiang Chenfeng Science And Technology Co Annual Data
For the Electrical Equipment & Parts subindustry, Zhejiang Chenfeng Science And 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.
Zhejiang Chenfeng Science And Technology Co ROA % vs Industrial Products Industry
* 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.
Zhejiang Chenfeng Science And Technology Co (SHSE:603685) has a ROA % of 1.04% 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 Zhejiang Chenfeng Science And Technology Co and its competitors. This is 81% below median its historical median of 5.40. According to the industry distribution chart, Zhejiang Chenfeng Science And Technology Co ranks #2054 out of 3077 companies in the Industrial Products industry, placing it in the top 66.8%.
Is Zhejiang Chenfeng Science And Technology Co's ROA % too high?
Zhejiang Chenfeng Science And Technology Co's current ROA % of 1.04% is 81% below median its 10-year median of 5.40. The Industrial Products industry median ROA % is 3.06. Zhejiang Chenfeng Science And Technology Co's value of 1.04% is 66% below this industry median. Based on the distribution chart, Zhejiang Chenfeng Science And Technology Co ranks #2054 out of 3077 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Zhejiang Chenfeng Science And Technology Co has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Chenfeng Science And Technology Co's ROA % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Zhejiang Chenfeng Science And Technology Co ranks #2054 out of 3077 companies for ROA %. This places Zhejiang Chenfeng Science And Technology Co in the lower half of its industry. The industry median ROA % is 3.06. Zhejiang Chenfeng Science And Technology Co's value of 1.04% is 66% below this benchmark. While the company's 10-year median is 5.40 vs. the industry median of 3.06, Zhejiang Chenfeng Science And Technology 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 an Industrial Products company?
The median ROA % among Industrial Products companies is 3.06, 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. Zhejiang Chenfeng Science And Technology Co's current ROA % of 1.04% is 66% 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 Zhejiang Chenfeng Science And Technology Co and its competitors. For the Industrial Products industry, the median ROA % is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Chenfeng Science And Technology Co's current ROA % is 1.04%, which is 81% below median its own 10-year median of 5.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Chenfeng Science And Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Chenfeng Science And Technology Co (SHSE:603685) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥12.07, compared to a current price of ¥25.05 — trading 107.5% above its estimated fair value. The current ROA % is 1.04%, which is 81% below median its 10-year median of 5.40 and 66% below the Industrial Products industry median of 3.06. Zhejiang Chenfeng Science And Technology Co's overall GF Score™ is 56/100 with 6 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 Zhejiang Chenfeng Science And Technology Co (SHSE:603685), the current ROA % is 1.04% 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 Zhejiang Chenfeng Science And Technology Co (SHSE:603685) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Chenfeng Science And Technology Co stock appears to be overvalued.
The current stock price of ¥25.05 is trading 107.5% above its estimated GF Value™ of ¥12.07.
GuruFocus considers Zhejiang Chenfeng Science And Technology Co to be Significantly Overvalued.
Key valuation signals for SHSE:603685:
ROA %: 1.04% (81% below median its 10-year median of 5.40)
GF Value™: ¥12.07 vs. price of ¥25.05 (107.5% above fair value)
Industry Position: 66% below the Industrial Products median (#2054 of 3077)
No single metric tells the full story. See the SHSE:603685 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Chenfeng Science And Technology Co Ltd is engaged in manufacturing and sale of LED bulb series, lamp series, lamp series and lighting accessories, and traditional lighting system. The company produces and sells light emitting diode (LED) bulbs, lamp holders, lamp fittings, and other products.
56GF Score
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