ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. China Resources Microelectronics's annualizedNet Income for the quarter that ended in Mar. 2026 was ¥1,320 Mil.
China Resources Microelectronics's average Total Assets over the quarter that ended in Mar. 2026 was ¥30,647 Mil. Therefore, China Resources Microelectronics's annualized ROA % for the quarter that ended in Mar. 2026 was 4.31%.
SHSE:688396'
s ROA % Range Over the Past 10 Years
Min: -4.04 Med: 4.17 Max: 11.69
Current: 3.02
During the past 10 years, China Resources Microelectronics's highest ROA % was 11.69%. The lowest was -4.04%. And the median was 4.17%.
SHSE:688396's ROA % is ranked better than 53.12% of 1026
companies
in the Semiconductors industry
Industry Median: 2.45
vs SHSE:688396: 3.02
China Resources Microelectronics (SHSE:688396) 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.
China Resources Microelectronics ROA % Related Terms
China Resources Microelectronics 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 Semiconductors subindustry, China Resources Microelectronics'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.
China Resources Microelectronics ROA % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, China Resources Microelectronics's ROA % distribution charts can be found below:
* The bar in red indicates where China Resources Microelectronics'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.
China Resources Microelectronics (SHSE:688396) has a ROA % of 4.31% 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 China Resources Microelectronics and its competitors. This is near median its historical median of 4.17. According to the industry distribution chart, China Resources Microelectronics ranks #481 out of 1026 companies in the Semiconductors industry, placing it in the top 46.9%.
Is China Resources Microelectronics' ROA % too high?
China Resources Microelectronics' current ROA % of 4.31% is near median its 10-year median of 4.17. The Semiconductors industry median ROA % is 2.45. China Resources Microelectronics' value of 4.31% is 75.9% above this industry median. Based on the distribution chart, China Resources Microelectronics ranks #481 out of 1026 companies in the Semiconductors industry, which is above the industry midpoint. Overall, China Resources Microelectronics has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Resources Microelectronics' ROA % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, China Resources Microelectronics ranks #481 out of 1026 companies for ROA %. This puts China Resources Microelectronics in the upper half of its industry. The industry median ROA % is 2.45. China Resources Microelectronics' value of 4.31% is 75.9% above this benchmark. While the company's 10-year median is 4.17 vs. the industry median of 2.45, China Resources Microelectronics 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 Semiconductors company?
The median ROA % among Semiconductors companies is 2.45, based on 1,026 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. China Resources Microelectronics's current ROA % of 4.31% is 75.9% 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 China Resources Microelectronics and its competitors. For the Semiconductors industry, the median ROA % is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Resources Microelectronics's current ROA % is 4.31%, which is near median its own 10-year median of 4.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Resources Microelectronics stock overvalued right now?
Based on GuruFocus' analysis, China Resources Microelectronics (SHSE:688396) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥55.88, compared to a current price of ¥97.55 — trading 74.6% above its estimated fair value. The current ROA % is 4.31%, which is near median its 10-year median of 4.17 and 75.9% above the Semiconductors industry median of 2.45. China Resources Microelectronics' overall GF Score™ is 81/100 with 10 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 China Resources Microelectronics (SHSE:688396), the current ROA % is 4.31% 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 China Resources Microelectronics (SHSE:688396) Overvalued in 2026?
Based on GuruFocus' analysis, China Resources Microelectronics stock appears to be overvalued.
The current stock price of ¥97.55 is trading 74.6% above its estimated GF Value™ of ¥55.88.
GuruFocus considers China Resources Microelectronics to be Significantly Overvalued.
Key valuation signals for SHSE:688396:
ROA %: 4.31% (near median its 10-year median of 4.17)
GF Value™: ¥55.88 vs. price of ¥97.55 (74.6% above fair value)
Industry Position: 75.9% above the Semiconductors median (#481 of 1026)
No single metric tells the full story. See the SHSE:688396 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Resources Microelectronics Business Description
China Resources Microelectronics Ltd is engaged in designing, producing, and selling power semiconductors, smart sensors and smart control products, as well as providing open wafer manufacturing, packaging and testing, and other manufacturing services.
81GF Score
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