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SHSE:688161's ROA % is ranked better than 70.21% of 856
companies
in the Medical Devices & Instruments industry
Industry Median: 0.555
vs SHSE:688161: 5.15
Shandong Weigao Orthopaedic Device Co (SHSE:688161) 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.
Shandong Weigao Orthopaedic Device Co ROA % Related Terms
Shandong Weigao Orthopaedic Device 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.
For the Medical Devices subindustry, Shandong Weigao Orthopaedic Device 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.
Shandong Weigao Orthopaedic Device Co ROA % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Shandong Weigao Orthopaedic Device Co's ROA % distribution charts can be found below:
* The bar in red indicates where Shandong Weigao Orthopaedic Device 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.
Shandong Weigao Orthopaedic Device Co (SHSE:688161) has a ROA % of 3.45% 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 Shandong Weigao Orthopaedic Device Co and its competitors. This is 71% below median its historical median of 11.75. Over the past decade, Shandong Weigao Orthopaedic Device Co's ROA % has ranged from 2.02 to 17.41. According to the industry distribution chart, Shandong Weigao Orthopaedic Device Co ranks #255 out of 856 companies in the Medical Devices & Instruments industry, placing it in the top 29.8%.
Is Shandong Weigao Orthopaedic Device Co's ROA % too high?
Shandong Weigao Orthopaedic Device Co's current ROA % of 3.45% is 71% below median its 10-year median of 11.75. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 17.41. The Medical Devices & Instruments industry median ROA % is 0.56. Shandong Weigao Orthopaedic Device Co's value of 3.45% is 521.6% above this industry median. Based on the distribution chart, Shandong Weigao Orthopaedic Device Co ranks #255 out of 856 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, Shandong Weigao Orthopaedic Device Co has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shandong Weigao Orthopaedic Device Co's ROA % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Shandong Weigao Orthopaedic Device Co ranks #255 out of 856 companies for ROA %. This puts Shandong Weigao Orthopaedic Device Co in the upper half of its industry. The industry median ROA % is 0.56. Shandong Weigao Orthopaedic Device Co's value of 3.45% is 521.6% above this benchmark. Historically, Shandong Weigao Orthopaedic Device Co's own ROA % has ranged from 2.02 to 17.41 over the past decade. While the company's 10-year median is 11.75 vs. the industry median of 0.56, Shandong Weigao Orthopaedic Device 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 Medical Devices & Instruments company?
The median ROA % among Medical Devices & Instruments companies is 0.56, based on 856 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. Shandong Weigao Orthopaedic Device Co's current ROA % of 3.45% is 521.6% 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 Shandong Weigao Orthopaedic Device Co and its competitors. For the Medical Devices & Instruments industry, the median ROA % is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shandong Weigao Orthopaedic Device Co's current ROA % is 3.45%, which is 71% below median its own 10-year median of 11.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shandong Weigao Orthopaedic Device Co stock overvalued right now?
Based on GuruFocus' analysis, Shandong Weigao Orthopaedic Device Co (SHSE:688161) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥32.42, compared to a current price of ¥21.82 — trading 32.7% below its estimated fair value. The current ROA % is 3.45%, which is 71% below median its 10-year median of 11.75 and 521.6% above the Medical Devices & Instruments industry median of 0.56. Shandong Weigao Orthopaedic Device Co's overall GF Score™ is 75/100 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 Shandong Weigao Orthopaedic Device Co (SHSE:688161), the current ROA % is 3.45% 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 Shandong Weigao Orthopaedic Device Co (SHSE:688161) Overvalued in 2026?
Based on GuruFocus' analysis, Shandong Weigao Orthopaedic Device Co stock appears to be undervalued.
The current stock price of ¥21.82 is trading 32.7% below its estimated GF Value™ of ¥32.42.
GuruFocus considers Shandong Weigao Orthopaedic Device Co to be Significantly Undervalued.
Key valuation signals for SHSE:688161:
ROA %: 3.45% (71% below median its 10-year median of 11.75)
GF Value™: ¥32.42 vs. price of ¥21.82 (32.7% below fair value)
Industry Position: 521.6% above the Medical Devices & Instruments median (#255 of 856)
No single metric tells the full story. See the SHSE:688161 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shandong Weigao Orthopaedic Device Co Business Description
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