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.
SHSE:688709's ROA % is ranked worse than 54.66% of 2501
companies
in the Hardware industry
Industry Median: 2.28
vs SHSE:688709: 1.64
Chengdu Sino Microelectronics Tech Co (SHSE:688709) 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.
Chengdu Sino Microelectronics Tech Co ROA % Related Terms
Chengdu Sino Microelectronics Tech 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 Electronic Components subindustry, Chengdu Sino Microelectronics Tech 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.
Chengdu Sino Microelectronics Tech Co ROA % vs Hardware 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.
Chengdu Sino Microelectronics Tech Co (SHSE:688709) has a ROA % of -6.32% 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 Chengdu Sino Microelectronics Tech Co and its competitors. According to the industry distribution chart, Chengdu Sino Microelectronics Tech Co ranks #1367 out of 2501 companies in the Hardware industry, placing it in the top 54.7%.
Is Chengdu Sino Microelectronics Tech Co's ROA % too high?
Chengdu Sino Microelectronics Tech Co's current ROA % is -6.32%. Based on the distribution chart, Chengdu Sino Microelectronics Tech Co ranks #1367 out of 2501 companies in the Hardware industry, which is below the industry midpoint. Overall, Chengdu Sino Microelectronics Tech Co has a GF Score™ of 41/100, reflecting its overall financial health beyond just this single metric.
How does Chengdu Sino Microelectronics Tech Co's ROA % compare to APH and GLW?
According to the Hardware industry distribution chart, Chengdu Sino Microelectronics Tech Co ranks #1367 out of 2501 companies for ROA %. This places Chengdu Sino Microelectronics Tech Co in the lower half of its industry. The industry median ROA % is 2.28. 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 Hardware company?
The median ROA % among Hardware companies is 2.28, based on 2,501 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. 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 Chengdu Sino Microelectronics Tech Co and its competitors. For the Hardware industry, the median ROA % is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chengdu Sino Microelectronics Tech Co's current ROA % is -6.32%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chengdu Sino Microelectronics Tech Co stock overvalued right now?
Chengdu Sino Microelectronics Tech Co (SHSE:688709) has a current ROA % of -6.32%. The current ROA % is -6.32%. Chengdu Sino Microelectronics Tech Co's overall GF Score™ is 41/100 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 Chengdu Sino Microelectronics Tech Co (SHSE:688709), the current ROA % is -6.32% 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.
Chengdu Sino Microelectronics Tech Co Business Description
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:688709 has been successfully added to your 
