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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Bengang Steel Plates Co's annualizedNet Income for the quarter that ended in Mar. 2026 was HK$-4,866 Mil.
Bengang Steel Plates Co's average Total Assets over the quarter that ended in Mar. 2026 was HK$52,145 Mil. Therefore, Bengang Steel Plates Co's annualized ROA % for the quarter that ended in Mar. 2026 was -9.33%.
The historical rank and industry rank for Bengang Steel Plates Co's ROA % or its related term are showing as below:
SZSE:200761'
s ROA % Range Over the Past 10 Years
Min: -10.91 Med: 0.76 Max: 4.11
Current: -9.15
During the past 13 years, Bengang Steel Plates Co's highest ROA % was 4.11%. The lowest was -10.91%. And the median was 0.76%.
SZSE:200761's ROA % is ranked worse than 93.04% of 632
companies
in the Steel industry
Industry Median: 2.375
vs SZSE:200761: -9.15
Bengang Steel Plates Co (SZSE:200761) 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.
* 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 Steel subindustry, Bengang Steel Plates 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.
Bengang Steel Plates Co ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Bengang Steel Plates Co's ROA % distribution charts can be found below:
* The bar in red indicates where Bengang Steel Plates 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.
Bengang Steel Plates Co (SZSE:200761) has a ROA % of -9.33% 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 Bengang Steel Plates Co and its competitors. According to the industry distribution chart, Bengang Steel Plates Co ranks #588 out of 632 companies in the Steel industry, placing it in the top 93%.
Is Bengang Steel Plates Co's ROA % too high?
Bengang Steel Plates Co's current ROA % is -9.33%. Based on the distribution chart, Bengang Steel Plates Co ranks #588 out of 632 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Bengang Steel Plates Co has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bengang Steel Plates Co's ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Bengang Steel Plates Co ranks #588 out of 632 companies for ROA %. This places Bengang Steel Plates Co in the lower half of its industry. The industry median ROA % is 2.38. 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 Steel company?
The median ROA % among Steel companies is 2.38, based on 632 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 Bengang Steel Plates Co and its competitors. For the Steel industry, the median ROA % is 2.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bengang Steel Plates Co's current ROA % is -9.33%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bengang Steel Plates Co stock overvalued right now?
Based on GuruFocus' analysis, Bengang Steel Plates Co (SZSE:200761) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$1.12, compared to a current price of HK$0.93 — trading 17% below its estimated fair value. The current ROA % is -9.33%. Bengang Steel Plates Co's overall GF Score™ is 44/100 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 Bengang Steel Plates Co (SZSE:200761), the current ROA % is -9.33% 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 Bengang Steel Plates Co (SZSE:200761) Overvalued in 2026?
Based on GuruFocus' analysis, Bengang Steel Plates Co stock appears to be undervalued.
The current stock price of HK$0.93 is trading 17% below its estimated GF Value™ of HK$1.12.
GuruFocus considers Bengang Steel Plates Co to be Modestly Undervalued.
Key valuation signals for SZSE:200761:
ROA %: -9.33%
GF Value™: HK$1.12 vs. price of HK$0.93 (17% below fair value)
No single metric tells the full story. See the SZSE:200761 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bengang Steel Plates Co Ltd is an iron and steel smelting company. Its products are applied in automobiles, household appliances, petrochemical engineering, machine manufacturing, energy transportation, architectural decoration, metal parts, and various other industries and are exported to more than 60 countries and regions.
44GF Score
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