ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Sino Horizon Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$-22,111 Mil.
Sino Horizon Holdings's average Total Assets over the quarter that ended in Dec. 2025 was NT$118,293 Mil. Therefore, Sino Horizon Holdings's annualized ROA % for the quarter that ended in Dec. 2025 was -18.69%.
The historical rank and industry rank for Sino Horizon Holdings's ROA % or its related term are showing as below:
TPE:2923'
s ROA % Range Over the Past 10 Years
Min: -5.12 Med: 0.79 Max: 6.77
Current: -5.12
During the past 13 years, Sino Horizon Holdings's highest ROA % was 6.77%. The lowest was -5.12%. And the median was 0.79%.
TPE:2923's ROA % is ranked worse than 86.55% of 1799
companies
in the Real Estate industry
Industry Median: 1.71
vs TPE:2923: -5.12
Sino Horizon Holdings (TPE:2923) 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 (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) 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 Real Estate - Development subindustry, Sino Horizon Holdings'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.
Sino Horizon Holdings ROA % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Sino Horizon Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Sino Horizon Holdings'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 (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Sino Horizon Holdings (TPE:2923) has a ROA % of -18.69% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Sino Horizon Holdings and its competitors. According to the industry distribution chart, Sino Horizon Holdings ranks #1557 out of 1799 companies in the Real Estate industry, placing it in the top 86.5%.
Is Sino Horizon Holdings' ROA % too high?
Sino Horizon Holdings' current ROA % is -18.69%. Based on the distribution chart, Sino Horizon Holdings ranks #1557 out of 1799 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Sino Horizon Holdings has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sino Horizon Holdings' ROA % compare to competitors?
According to the Real Estate industry distribution chart, Sino Horizon Holdings ranks #1557 out of 1799 companies for ROA %. This places Sino Horizon Holdings in the lower half of its industry. The industry median ROA % is 1.71. 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 Real Estate company?
The median ROA % among Real Estate companies is 1.71, based on 1,799 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 Sino Horizon Holdings and its competitors. For the Real Estate industry, the median ROA % is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sino Horizon Holdings's current ROA % is -18.69%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sino Horizon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Sino Horizon Holdings (TPE:2923) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$15.11, compared to a current price of NT$27.05 — trading 79% above its estimated fair value. The current ROA % is -18.69%. Sino Horizon Holdings' overall GF Score™ is 55/100 with 7 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 Sino Horizon Holdings (TPE:2923), the current ROA % is -18.69% as of Dec. 2025. 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 Sino Horizon Holdings (TPE:2923) Overvalued in 2026?
Based on GuruFocus' analysis, Sino Horizon Holdings stock appears to be overvalued.
The current stock price of NT$27.05 is trading 79% above its estimated GF Value™ of NT$15.11.
GuruFocus considers Sino Horizon Holdings to be Significantly Overvalued.
Key valuation signals for TPE:2923:
ROA %: -18.69%
GF Value™: NT$15.11 vs. price of NT$27.05 (79% above fair value)
No single metric tells the full story. See the TPE:2923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sino Horizon Holdings Ltd provides real estate development services. The company manages, sells, leases, and develops real estate businesses in China. Its reportable segments include real-estate sales, commercial leasing, property management, and others. The company derives the maximum revenue from the real-estate sales segment. Geographically, it operates in Mainland China and Taiwan.
55GF Score
Get the complete analysis for TPE:2923
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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