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SHSE:688717's ROA % is ranked worse than 53.21% of 1028
companies
in the Semiconductors industry
Industry Median: 2.47
vs SHSE:688717: 2.00
Solax Power Network Technology (Zhejiang) Co (SHSE:688717) 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.
Solax Power Network Technology (Zhejiang) Co ROA % Related Terms
Solax Power Network Technology (Zhejiang) 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.
Solax Power Network Technology (Zhejiang) Co ROA % Chart
Solax Power Network Technology (Zhejiang) Co Annual Data
* 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.
Solax Power Network Technology (Zhejiang) Co ROA % vs Semiconductors 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.
Solax Power Network Technology (Zhejiang) Co (SHSE:688717) has a ROA % of 3.50% 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 Solax Power Network Technology (Zhejiang) Co and its competitors. This is 55% below median its historical median of 7.76. Over the past decade, Solax Power Network Technology (Zhejiang) Co's ROA % has ranged from 0.03 to 55.43. According to the industry distribution chart, Solax Power Network Technology (Zhejiang) Co ranks #547 out of 1028 companies in the Semiconductors industry, placing it in the top 53.2%.
Is Solax Power Network Technology (Zhejiang) Co's ROA % too high?
Solax Power Network Technology (Zhejiang) Co's current ROA % of 3.50% is 55% below median its 10-year median of 7.76. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 55.43. The Semiconductors industry median ROA % is 2.47. Solax Power Network Technology (Zhejiang) Co's value of 3.50% is 41.7% above this industry median. Based on the distribution chart, Solax Power Network Technology (Zhejiang) Co ranks #547 out of 1028 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Solax Power Network Technology (Zhejiang) Co has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Solax Power Network Technology (Zhejiang) Co's ROA % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Solax Power Network Technology (Zhejiang) Co ranks #547 out of 1028 companies for ROA %. This places Solax Power Network Technology (Zhejiang) Co in the lower half of its industry. The industry median ROA % is 2.47. Solax Power Network Technology (Zhejiang) Co's value of 3.50% is 41.7% above this benchmark. Historically, Solax Power Network Technology (Zhejiang) Co's own ROA % has ranged from 0.03 to 55.43 over the past decade. While the company's 10-year median is 7.76 vs. the industry median of 2.47, Solax Power Network Technology (Zhejiang) 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 Semiconductors company?
The median ROA % among Semiconductors companies is 2.47, based on 1,028 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. Solax Power Network Technology (Zhejiang) Co's current ROA % of 3.50% is 41.7% 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 Solax Power Network Technology (Zhejiang) Co and its competitors. For the Semiconductors industry, the median ROA % is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solax Power Network Technology (Zhejiang) Co's current ROA % is 3.50%, which is 55% below median its own 10-year median of 7.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solax Power Network Technology (Zhejiang) Co stock overvalued right now?
Solax Power Network Technology (Zhejiang) Co (SHSE:688717) has a current ROA % of 3.50%. The current ROA % is 3.50%, which is 55% below median its 10-year median of 7.76 and 41.7% above the Semiconductors industry median of 2.47. Solax Power Network Technology (Zhejiang) Co's overall GF Score™ is 45/100 with 5 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 Solax Power Network Technology (Zhejiang) Co (SHSE:688717), the current ROA % is 3.50% 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.
Solax Power Network Technology (Zhejiang) Co Business Description
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