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Shenzhen Refond Optoelectronics Co (SZSE:300241) 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 (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 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.
Shenzhen Refond Optoelectronics Co ROA % Related Terms
Shenzhen Refond Optoelectronics 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 Semiconductors subindustry, Shenzhen Refond Optoelectronics 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.
Shenzhen Refond Optoelectronics Co ROA % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Shenzhen Refond Optoelectronics Co's ROA % distribution charts can be found below:
* The bar in red indicates where Shenzhen Refond Optoelectronics 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 (Jun. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Shenzhen Refond Optoelectronics Co (SZSE:300241) has a ROA % of 2.52% as of Jun. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Shenzhen Refond Optoelectronics Co and its competitors. This is 25% above median its historical median of 2.02. According to the industry distribution chart, Shenzhen Refond Optoelectronics Co ranks #569 out of 1037 companies in the Semiconductors industry, placing it in the top 54.9%.
Is Shenzhen Refond Optoelectronics Co's ROA % too high?
Shenzhen Refond Optoelectronics Co's current ROA % of 2.52% is 25% above median its 10-year median of 2.02. The Semiconductors industry median ROA % is 3.54. Shenzhen Refond Optoelectronics Co's value of 2.52% is 28.8% below this industry median. Based on the distribution chart, Shenzhen Refond Optoelectronics Co ranks #569 out of 1037 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Shenzhen Refond Optoelectronics Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shenzhen Refond Optoelectronics Co's ROA % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Shenzhen Refond Optoelectronics Co ranks #569 out of 1037 companies for ROA %. This places Shenzhen Refond Optoelectronics Co in the lower half of its industry. The industry median ROA % is 3.54. Shenzhen Refond Optoelectronics Co's value of 2.52% is 28.8% below this benchmark. While the company's 10-year median is 2.02 vs. the industry median of 3.54, Shenzhen Refond Optoelectronics Co has consistently been below 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 3.54, based on 1,037 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. Shenzhen Refond Optoelectronics Co's current ROA % of 2.52% is 28.8% below 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 Shenzhen Refond Optoelectronics Co and its competitors. For the Semiconductors industry, the median ROA % is 3.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shenzhen Refond Optoelectronics Co's current ROA % is 2.52%, which is 25% above median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shenzhen Refond Optoelectronics Co stock overvalued right now?
Based on GuruFocus' analysis, Shenzhen Refond Optoelectronics Co (SZSE:300241) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥7.06, compared to a current price of ¥5.70 — trading 19.3% below its estimated fair value. The current ROA % is 2.52%, which is 25% above median its 10-year median of 2.02 and 28.8% below the Semiconductors industry median of 3.54. Shenzhen Refond Optoelectronics Co's overall GF Score™ is 73/100 with 3 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 Shenzhen Refond Optoelectronics Co (SZSE:300241), the current ROA % is 2.52% as of Jun. 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 Shenzhen Refond Optoelectronics Co (SZSE:300241) Overvalued in 2026?
Based on GuruFocus' analysis, Shenzhen Refond Optoelectronics Co stock appears to be undervalued.
The current stock price of ¥5.70 is trading 19.3% below its estimated GF Value™ of ¥7.06.
GuruFocus considers Shenzhen Refond Optoelectronics Co to be Modestly Undervalued.
Key valuation signals for SZSE:300241:
ROA %: 2.52% (25% above median its 10-year median of 2.02)
GF Value™: ¥7.06 vs. price of ¥5.70 (19.3% below fair value)
Industry Position: 28.8% below the Semiconductors median (#569 of 1037)
No single metric tells the full story. See the SZSE:300241 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shenzhen Refond Optoelectronics Co Ltd is a Chinese company principally engaged in offering lighting solutions. In produces and sells UV modules and components, automotive modules and components, LED special application modules, general and special lighting modules, indoor and outdoor lightings, Chip LEDs, TOP LEDs, Power LEDs, among others. The company's products are sold in China and other countries.
73GF Score
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