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. Zhejiang Huayou Cobalt Co's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥9,989 Mil.
Zhejiang Huayou Cobalt Co's average Total Assets over the quarter that ended in Mar. 2026 was ¥167,053 Mil. Therefore, Zhejiang Huayou Cobalt Co's annualized ROA % for the quarter that ended in Mar. 2026 was 5.98%.
The historical rank and industry rank for Zhejiang Huayou Cobalt Co's ROA % or its related term are showing as below:
SHSE:603799'
s ROA % Range Over the Past 10 Years
Min: 0.56 Med: 4.39 Max: 13.93
Current: 4.77
During the past 13 years, Zhejiang Huayou Cobalt Co's highest ROA % was 13.93%. The lowest was 0.56%. And the median was 4.39%.
SHSE:603799's ROA % is ranked better than 83.03% of 2663
companies
in the Metals & Mining industry
Industry Median: -16.82
vs SHSE:603799: 4.77
Zhejiang Huayou Cobalt Co (SHSE:603799) 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.
Zhejiang Huayou Cobalt Co ROA % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Zhejiang Huayou Cobalt 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 Huayou Cobalt Co ROA % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Zhejiang Huayou Cobalt Co's ROA % distribution charts can be found below:
* The bar in red indicates where Zhejiang Huayou Cobalt 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.
Zhejiang Huayou Cobalt Co (SHSE:603799) has a ROA % of 5.98% 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 Huayou Cobalt Co and its competitors. This is 36% above median its historical median of 4.39. Over the past decade, Zhejiang Huayou Cobalt Co's ROA % has ranged from 0.56 to 13.93. According to the industry distribution chart, Zhejiang Huayou Cobalt Co ranks #452 out of 2663 companies in the Metals & Mining industry, placing it in the top 17%.
Is Zhejiang Huayou Cobalt Co's ROA % too high?
Zhejiang Huayou Cobalt Co's current ROA % of 5.98% is 36% above median its 10-year median of 4.39. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 13.93. Based on the distribution chart, Zhejiang Huayou Cobalt Co ranks #452 out of 2663 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Huayou Cobalt Co has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Huayou Cobalt Co's ROA % compare to competitors?
According to the Metals & Mining industry distribution chart, Zhejiang Huayou Cobalt Co ranks #452 out of 2663 companies for ROA %. This places Zhejiang Huayou Cobalt Co in the top 17% of its industry — outperforming the majority of peers. Historically, Zhejiang Huayou Cobalt Co's own ROA % has ranged from 0.56 to 13.93 over the past decade. 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 Metals & Mining company?
A good ROA % depends on the Metals & Mining industry context. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Huayou Cobalt Co and its competitors. Zhejiang Huayou Cobalt Co's current ROA % is 5.98%, which is 36% above median its own 10-year median of 4.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Huayou Cobalt Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Huayou Cobalt Co (SHSE:603799) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥46.94, compared to a current price of ¥40.30 — trading 14.1% below its estimated fair value. The current ROA % is 5.98%, which is 36% above median its 10-year median of 4.39. Zhejiang Huayou Cobalt Co's overall GF Score™ is 90/100 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 Zhejiang Huayou Cobalt Co (SHSE:603799), the current ROA % is 5.98% 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 Huayou Cobalt Co (SHSE:603799) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Huayou Cobalt Co stock appears to be undervalued.
The current stock price of ¥40.30 is trading 14.1% below its estimated GF Value™ of ¥46.94.
GuruFocus considers Zhejiang Huayou Cobalt Co to be Modestly Undervalued.
Key valuation signals for SHSE:603799:
ROA %: 5.98% (36% above median its 10-year median of 4.39)
GF Value™: ¥46.94 vs. price of ¥40.30 (14.1% below fair value)
No single metric tells the full story. See the SHSE:603799 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Huayou Cobalt Co Ltd provides metal production and processing services. The company produces cobalt oxide, cobalt carbonate, cobalt hydroxide, cobalt oxalate, cobalt sulfate, cobalt monoxide, copper, nickel, and related products.
90GF Score
Get the complete analysis for SHSE:603799
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:603799 has been successfully added to your 
