Cherng Tay Technology Co (ROCO:4767) Research & Development: NT$36.5 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:4767 Cherng Tay Technology Co Ltd ROCO:4767
81 GF Score
Price NT$27.40
GF Value NT$23.64
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Cherng Tay Technology Co Research & Development?

Cherng Tay Technology Co ROCO:4767 -0.72% 81 Research & Development is NT$36.5 Mil as of Dec. 2025. GuruFocus rates ROCO:4767 with a GF Score™ of 81/100 and a GF Value™ of NT$23.64 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Cherng Tay Technology Co's Research & Development for the three months ended in Dec. 2025 was NT$8.7 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$36.5 Mil.

Cherng Tay Technology Co  (ROCO:4767) 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.

Cherng Tay Technology Co Research & Development Related Terms

Cherng Tay Technology Co Research & Development Historical Data

* Premium members only.

The historical data trend for Cherng Tay Technology 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.

Cherng Tay Technology Co Research & Development Chart

Cherng Tay Technology 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 42.60 48.70 39.52 42.03 36.48

Cherng Tay Technology 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 10.15 9.19 9.77 8.85 8.67
ROCO:4767
81GF Score
Cherng Tay Technology Co Ltd ROCO:4767
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cherng Tay Technology 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$36.5 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$36.5 Mil mean?
Cherng Tay Technology Co (ROCO:4767) has a Research & Development of NT$36.5 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Cherng Tay Technology Co and its competitors.
Is Cherng Tay Technology Co's Research & Development too high?
Cherng Tay Technology Co's current Research & Development is NT$36.5 Mil. Overall, Cherng Tay Technology Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cherng Tay Technology Co's Research & Development compare to LIN and SHW?
Cherng Tay Technology Co's Research & Development of NT$36.5 Mil can be compared against companies in the Chemicals 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 Chemicals company?
A good Research & Development depends on the Chemicals 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 Cherng Tay Technology Co and its competitors. Cherng Tay Technology Co's current Research & Development is NT$36.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cherng Tay Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Cherng Tay Technology Co (ROCO:4767) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$23.64, compared to a current price of NT$27.40 — trading 15.9% above its estimated fair value. The current Research & Development is NT$36.5 Mil. Cherng Tay Technology Co's overall GF Score™ is 81/100 with 5 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 Cherng Tay Technology Co (ROCO:4767), the current Research & Development is NT$36.5 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 Cherng Tay Technology Co (ROCO:4767) Overvalued in 2026?

Based on GuruFocus' analysis, Cherng Tay Technology Co stock appears to be overvalued. The current stock price of NT$27.40 is trading 15.9% above its estimated GF Value™ of NT$23.64. GuruFocus considers Cherng Tay Technology Co to be Modestly Overvalued.

Key valuation signals for ROCO:4767:

  • Research & Development: NT$36.5 Mil
  • GF Value™: NT$23.64 vs. price of NT$27.40 (15.9% above fair value)
  • GF Score™: 81/100 with 5 warning signs

No single metric tells the full story. See the ROCO:4767 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Cherng Tay Technology Co Business Description

Address No.1, Luke 3rd Road, Luzhu District, Kaohsiung City, TWN, 821
Cherng Tay Technology Co Ltd is mainly engaged in the manufacturing and sale of adhesives. The Company develops hot melt adhesives and waterproofing materials, with core technologies in environmentally friendly hot melt adhesives, adhesives, waterproofing films, and waterproofing glues. These products are used in the packaging, bookmaking, footwear and waterproofing industries. The Group operates in Taiwan, Mainland China, which generates maximum revenue, India, Indonesia and Vietnam.
81GF Score

Get the complete analysis for ROCO:4767

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

NT$27.40
Price
NT$23.64
GF Value