Zen Voce (ROCO:3581) Research & Development: NT$97 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:3581 Zen Voce Corp ROCO:3581
56 GF Score
Price NT$115.50
GF Value NT$38.01
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Zen Voce Research & Development?

Zen Voce ROCO:3581 -6.48% 56 Research & Development is NT$97 Mil as of Dec. 2025. GuruFocus rates ROCO:3581 with a GF Score™ of 56/100 and a GF Value™ of NT$38.01 (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. Zen Voce's Research & Development for the three months ended in Dec. 2025 was NT$29 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$97 Mil.

Zen Voce  (ROCO:3581) 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.

Zen Voce Research & Development Related Terms

Zen Voce Research & Development Historical Data

* Premium members only.

The historical data trend for Zen Voce'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.

Zen Voce Research & Development Chart

Zen Voce 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 84.95 93.37 83.61 98.37 96.56

Zen Voce 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 22.40 22.36 22.25 22.77 29.19
ROCO:3581
56GF Score
Zen Voce Corp ROCO:3581
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zen Voce 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$97 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$97 Mil mean?
Zen Voce (ROCO:3581) has a Research & Development of NT$97 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Zen Voce and its competitors.
Is Zen Voce's Research & Development too high?
Zen Voce's current Research & Development is NT$97 Mil. Overall, Zen Voce has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zen Voce's Research & Development compare to NVDA and AVGO?
Zen Voce's Research & Development of NT$97 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Research & Development depends on the Semiconductors 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 Zen Voce and its competitors. Zen Voce's current Research & Development is NT$97 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zen Voce stock overvalued right now?
Based on GuruFocus' analysis, Zen Voce (ROCO:3581) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$38.01, compared to a current price of NT$115.50 — trading 203.9% above its estimated fair value. The current Research & Development is NT$97 Mil. Zen Voce's overall GF Score™ is 56/100 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 Zen Voce (ROCO:3581), the current Research & Development is NT$97 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 Zen Voce (ROCO:3581) Overvalued in 2026?

Based on GuruFocus' analysis, Zen Voce stock appears to be overvalued. The current stock price of NT$115.50 is trading 203.9% above its estimated GF Value™ of NT$38.01. GuruFocus considers Zen Voce to be Significantly Overvalued.

Key valuation signals for ROCO:3581:

  • Research & Development: NT$97 Mil
  • GF Value™: NT$38.01 vs. price of NT$115.50 (203.9% above fair value)
  • GF Score™: 56/100 with 2 warning signs

No single metric tells the full story. See the ROCO:3581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zen Voce Business Description

Address No. 53, Jinggong Road, Sinfong Township, Hsinchu, TWN, 30441
Zen Voce Corp is a Taiwan based company engaged in the business of providing semiconductor, optoelectronics and MEMS and LCD's equipment. It offers equipment products which include IC packaging machine design and manufacture of bumping, wafer cutting machine and cleaning machine design and manufacturing, and board cutting machine and cleaning machine design and manufacturing. The test products provided by the company includes Wafer test probe card PCB design and manufacturing, IC test HIFIX and CHANG KIT design and manufacturing, SOCKET IC design and manufacturing test, Acting IC HANDLER, and Acting SOCKET IC burn-in test.
56GF Score

Get the complete analysis for ROCO:3581

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

NT$115.50
Price
NT$38.01
GF Value