Ta-Yuan Cogeneration Co (ROCO:8931) Research & Development: NT$22 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:8931 Ta-Yuan Cogeneration Co Ltd ROCO:8931
79 GF Score
Price NT$42.35
GF Value NT$47.23
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Ta-Yuan Cogeneration Co Research & Development?

Ta-Yuan Cogeneration Co ROCO:8931 79 Research & Development is NT$22 Mil as of Dec. 2025. GuruFocus rates ROCO:8931 with a GF Score™ of 79/100 and a GF Value™ of NT$47.23 (Modestly Undervalued). The stock has 8 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Ta-Yuan Cogeneration Co's Research & Development for the three months ended in Dec. 2025 was NT$5 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was NT$22 Mil.


Ta-Yuan Cogeneration Co  (ROCO:8931) 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.


Ta-Yuan Cogeneration Co Research & Development Related Terms


Ta-Yuan Cogeneration Co Research & Development Historical Data

* Premium members only.

The historical data trend for Ta-Yuan Cogeneration 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.

Ta-Yuan Cogeneration Co Research & Development Chart

Ta-Yuan Cogeneration 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 13.59 17.44 22.05 25.26 22.41

Ta-Yuan Cogeneration 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 5.92 5.83 6.35 5.36 4.88
ROCO:8931
79GF Score
Ta-Yuan Cogeneration Co Ltd ROCO:8931
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ta-Yuan Cogeneration 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$22 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$22 Mil mean?
Ta-Yuan Cogeneration Co (ROCO:8931) has a Research & Development of NT$22 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on Ta-Yuan Cogeneration Co and its competitors.
Is Ta-Yuan Cogeneration Co's Research & Development too high?
Ta-Yuan Cogeneration Co's current Research & Development is NT$22 Mil. Overall, Ta-Yuan Cogeneration Co has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ta-Yuan Cogeneration Co's Research & Development compare to NEE and SO?
Ta-Yuan Cogeneration Co's Research & Development of NT$22 Mil can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good Research & Development depends on the Utilities - Regulated 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 Ta-Yuan Cogeneration Co and its competitors. Ta-Yuan Cogeneration Co's current Research & Development is NT$22 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ta-Yuan Cogeneration Co stock overvalued right now?
Based on GuruFocus' analysis, Ta-Yuan Cogeneration Co (ROCO:8931) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$47.23, compared to a current price of NT$42.35 — trading 10.3% below its estimated fair value. The current Research & Development is NT$22 Mil. Ta-Yuan Cogeneration Co's overall GF Score™ is 79/100 with 8 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 Ta-Yuan Cogeneration Co (ROCO:8931), the current Research & Development is NT$22 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 Ta-Yuan Cogeneration Co (ROCO:8931) Overvalued in 2026?

Based on GuruFocus' analysis, Ta-Yuan Cogeneration Co stock appears to be undervalued. The current stock price of NT$42.35 is trading 10.3% below its estimated GF Value™ of NT$47.23. GuruFocus considers Ta-Yuan Cogeneration Co to be Modestly Undervalued.

Key valuation signals for ROCO:8931:

  • Research & Development: NT$22 Mil
  • GF Value™: NT$47.23 vs. price of NT$42.35 (10.3% below fair value)
  • GF Score™: 79/100 with 8 warning signs

No single metric tells the full story. See the ROCO:8931 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ta-Yuan Cogeneration Co Business Description

Address Chaoyin North Road, No. 276, Dayuan District, Taoyuan, TWN
Ta-Yuan Cogeneration Co Ltd engages mainly in operating the cogeneration business, operating and repairing equipment, processing waste disposal, managing incinerators, and processing refuse-derived fuel. It is involved in the operation, management, and maintenance of cogeneration plants, as well as waste disposal and incinerator management. Through the development of cogeneration, the company focuses on supplying power to industrial areas and balancing peak and off-peak electricity demand. The company's reportable segments are: Plant of Cogeneration, which generates the maximum revenue, and Plant of Renewable Energy. Geographically, it operates only in Taiwan.
79GF Score

Get the complete analysis for ROCO:8931

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

NT$42.35
Price
NT$47.23
GF Value