TSG Development Co (ROCO:3521) Research & Development: NT$3.9 Mil (TTM As of Dec. 2025)


ROCO:3521 TSG Development Co Ltd ROCO:3521
58 GF Score
Price NT$13.30
GF Value NT$10.10
Valuation Significantly Overvalued
! 2 Warning Signs
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What is TSG Development Co Research & Development?

TSG Development Co ROCO:3521 +9.92% 58 Research & Development is NT$3.9 Mil as of Dec. 2025. GuruFocus rates ROCO:3521 with a GF Score™ of 58/100 and a GF Value™ of NT$10.10 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. TSG Development Co's Research & Development for the three months ended in Dec. 2025 was NT$0.0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$3.9 Mil.

TSG Development Co  (ROCO:3521) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

TSG Development Co Research & Development Related Terms

TSG Development Co Research & Development Historical Data

* Premium members only.

The historical data trend for TSG Development Co's Research & Development 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.

TSG Development Co Research & Development Chart

TSG Development Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.99 15.15 19.69 10.64 3.89

TSG Development Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.35 2.08 1.78 0.03 0.00
ROCO:3521
58GF Score
TSG Development Co Ltd ROCO:3521
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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TSG Development Co Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$3.9 Mil.

* 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of NT$3.9 Mil mean?
TSG Development Co (ROCO:3521) has a Research & Development of NT$3.9 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on TSG Development Co and its competitors.
Is TSG Development Co's Research & Development too high?
TSG Development Co's current Research & Development is NT$3.9 Mil. Overall, TSG Development Co has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TSG Development Co's Research & Development compare to PWR and FIX?
TSG Development Co's Research & Development of NT$3.9 Mil can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Construction company?
A good Research & Development depends on the Construction industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on TSG Development Co and its competitors. TSG Development Co's current Research & Development is NT$3.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSG Development Co stock overvalued right now?
Based on GuruFocus' analysis, TSG Development Co (ROCO:3521) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$10.10, compared to a current price of NT$13.30 — trading 31.7% above its estimated fair value. The current Research & Development is NT$3.9 Mil. TSG Development Co's overall GF Score™ is 58/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For TSG Development Co (ROCO:3521), the current Research & Development is NT$3.9 Mil 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 TSG Development Co (ROCO:3521) Overvalued in 2026?

Based on GuruFocus' analysis, TSG Development Co stock appears to be overvalued. The current stock price of NT$13.30 is trading 31.7% above its estimated GF Value™ of NT$10.10. GuruFocus considers TSG Development Co to be Significantly Overvalued.

Key valuation signals for ROCO:3521:

  • Research & Development: NT$3.9 Mil
  • GF Value™: NT$10.10 vs. price of NT$13.30 (31.7% above fair value)
  • GF Score™: 58/100 with 2 warning signs

No single metric tells the full story. See the ROCO:3521 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TSG Development Co Business Description

Address 25th Floor, No. 502, Jiuru 1st Road, Sanmin District, Kaohsiung City, Taipei, TWN, 235
TSG Development Co Ltd Formerly Datavan International Corp is engaged in the research and development, design, manufacture and sale of endpoint sales system software and hardware, import and export of computer information equipment and its peripheral equipment parts and accessories, and development and sale of residential and buildings for lease, investment in construction of public works and real estate trading. It operates in two reportable operating segments: Technology Business Division; and Construction Business Division, which earns majority of the revenue from real estate construction and related sales management services and other businesses. Geographically, its operations are spread across Asia, Europe, Americas and Other with majority of the revenue generating from Asia.
58GF Score

Get the complete analysis for ROCO:3521

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$13.30
Price
NT$10.10
GF Value