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What is Ningbo Hicon Industry Technology Co ROA %?
Ningbo Hicon Industry Technology CoSZSE:001237 -1.21%20 ROA % is 10.62% as of Mar. 2026, which is 31% below its 10-year median of 15.46. GuruFocus rates SZSE:001237 with a GF Score™ of 20/100. The stock has 1 warning sign investors should review. Among 434 Furnishings, Fixtures & Appliances companies, Ningbo Hicon Industry Technology Co ranks better than 93.78% on this metric.
SZSE:001237's ROA % is ranked better than 93.78% of 434
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.215
vs SZSE:001237: 12.63
Ningbo Hicon Industry Technology Co (SZSE:001237) 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.
Ningbo Hicon Industry Technology Co ROA % Related Terms
Ningbo Hicon Industry Technology 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.
Ningbo Hicon Industry Technology Co ROA % Chart
Ningbo Hicon Industry Technology Co Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
ROA %
12.70
17.92
17.89
13.02
Ningbo Hicon Industry Technology Co Quarterly Data
For the Furnishings, Fixtures & Appliances subindustry, Ningbo Hicon Industry Technology 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.
Ningbo Hicon Industry Technology Co ROA % vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ningbo Hicon Industry Technology Co's ROA % distribution charts can be found below:
* The bar in red indicates where Ningbo Hicon Industry Technology 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.
Ningbo Hicon Industry Technology Co (SZSE:001237) has a ROA % of 10.62% 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 Ningbo Hicon Industry Technology Co and its competitors. This is 31% below median its historical median of 15.46. Over the past decade, Ningbo Hicon Industry Technology Co's ROA % has ranged from 12.63 to 17.92. According to the industry distribution chart, Ningbo Hicon Industry Technology Co ranks #27 out of 434 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 6.2%.
Is Ningbo Hicon Industry Technology Co's ROA % too high?
Ningbo Hicon Industry Technology Co's current ROA % of 10.62% is 31% below median its 10-year median of 15.46. Over the past 10 years, this metric has ranged from a low of 12.63 to a high of 17.92. The Furnishings, Fixtures & Appliances industry median ROA % is 2.22. Ningbo Hicon Industry Technology Co's value of 10.62% is 379.5% above this industry median. Based on the distribution chart, Ningbo Hicon Industry Technology Co ranks #27 out of 434 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo Hicon Industry Technology Co has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Ningbo Hicon Industry Technology Co's ROA % compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ningbo Hicon Industry Technology Co ranks #27 out of 434 companies for ROA %. This places Ningbo Hicon Industry Technology Co in the top 6% of its industry — outperforming the majority of peers. The industry median ROA % is 2.22. Ningbo Hicon Industry Technology Co's value of 10.62% is 379.5% above this benchmark. Historically, Ningbo Hicon Industry Technology Co's own ROA % has ranged from 12.63 to 17.92 over the past decade. While the company's 10-year median is 15.46 vs. the industry median of 2.22, Ningbo Hicon Industry Technology 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 Furnishings, Fixtures & Appliances company?
The median ROA % among Furnishings, Fixtures & Appliances companies is 2.22, based on 434 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. Ningbo Hicon Industry Technology Co's current ROA % of 10.62% is 379.5% 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 Ningbo Hicon Industry Technology Co and its competitors. For the Furnishings, Fixtures & Appliances industry, the median ROA % is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo Hicon Industry Technology Co's current ROA % is 10.62%, which is 31% below median its own 10-year median of 15.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo Hicon Industry Technology Co stock overvalued right now?
Ningbo Hicon Industry Technology Co (SZSE:001237) has a current ROA % of 10.62%. The current ROA % is 10.62%, which is 31% below median its 10-year median of 15.46 and 379.5% above the Furnishings, Fixtures & Appliances industry median of 2.22. Ningbo Hicon Industry Technology Co's overall GF Score™ is 20/100 with 1 warning sign 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 Ningbo Hicon Industry Technology Co (SZSE:001237), the current ROA % is 10.62% 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.
Ningbo Hicon Industry Technology Co Ltd is engaged in the research, development, production, and sales of refrigeration equipment. The company's products are widely used in many commercial and household fields, such as restaurants, hotels, supermarkets, cafes, milk tea shops, convenience stores, bars, schools, and offices. It exports to various countries and regions around the world, including China, the United States, Canada, Germany, Sweden, and Australia. The company's offerings include ice makers, Commercial ice makers, wine cabinets, refrigerators, freezers, car refrigerators, Ice cream machines, display cases, and Snow melting machines.
20GF Score
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