SolarMax TechnologySMXT +0.03%17 ROA % is -1.24% as of Mar. 2026. GuruFocus rates SMXT with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 1,028 Semiconductors companies, SolarMax Technology ranks worse than 82.68% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. SolarMax Technology's annualizedNet Income for the quarter that ended in Mar. 2026 was $-1.23 Mil.
SolarMax Technology's average Total Assets over the quarter that ended in Mar. 2026 was $98.74 Mil. Therefore, SolarMax Technology's annualized ROA % for the quarter that ended in Mar. 2026 was -1.24%.
The historical rank and industry rank for SolarMax Technology's ROA % or its related term are showing as below:
SMXT'
s ROA % Range Over the Past 10 Years
Min: -80.11 Med: -9.74 Max: 0.94
Current: -8.01
During the past 9 years, SolarMax Technology's highest ROA % was 0.94%. The lowest was -80.11%. And the median was -9.74%.
SMXT's ROA % is ranked worse than 82.68% of 1028
companies
in the Semiconductors industry
Industry Median: 2.45
vs SMXT: -8.01
SolarMax Technology (NAS:SMXT) 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.
SolarMax Technology ROA % Related Terms
SolarMax Technology ROA % Historical Data
* Premium members only.
The historical data trend for SolarMax Technology's ROA % can be seen below:
* 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 Solar subindustry, SolarMax Technology'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.
SolarMax Technology ROA % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, SolarMax Technology's ROA % distribution charts can be found below:
* The bar in red indicates where SolarMax Technology'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.
SolarMax Technology (SMXT) has a ROA % of -1.24% 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 SolarMax Technology and its competitors. According to the industry distribution chart, SolarMax Technology ranks #850 out of 1028 companies in the Semiconductors industry, placing it in the top 82.7%.
Is SolarMax Technology's ROA % too high?
SolarMax Technology's current ROA % is -1.24%. Based on the distribution chart, SolarMax Technology ranks #850 out of 1028 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, SolarMax Technology has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does SolarMax Technology's ROA % compare to ZEO and BEEM?
According to the Semiconductors industry distribution chart, SolarMax Technology ranks #850 out of 1028 companies for ROA %. This places SolarMax Technology in the lower half of its industry. The industry median ROA % is 2.45. 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 1,028 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. 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 SolarMax Technology 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. SolarMax Technology's current ROA % is -1.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SolarMax Technology stock overvalued right now?
SolarMax Technology (SMXT) has a current ROA % of -1.24%. The current ROA % is -1.24%. SolarMax Technology's overall GF Score™ is 17/100 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 SolarMax Technology (SMXT), the current ROA % is -1.24% 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.
SolarMax Technology Inc is an integrated solar and renewable energy company. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, Q-CELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from solar energy systems.
17GF Score
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