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Morn Sun Feed Mill CoROCO:1240 +0.18%83 Return-on-Tangible-Asset is 15.13% as of Jun. 2026, which is 83% above its 10-year median of 8.26. GuruFocus rates ROCO:1240 with a GF Score™ of 83/100 and a GF Value™ of NT$48.58 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,994 Consumer Packaged Goods companies, Morn Sun Feed Mill Co ranks better than 79.44% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Morn Sun Feed Mill Co's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$347 Mil. Morn Sun Feed Mill Co's average total tangible assets for the quarter that ended in Jun. 2026 was NT$2,295 Mil. Therefore, Morn Sun Feed Mill Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 15.13%.
The historical rank and industry rank for Morn Sun Feed Mill Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:1240'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.26 Med: 8.26 Max: 11.86
Current: 10.78
During the past 13 years, Morn Sun Feed Mill Co's highest Return-on-Tangible-Asset was 11.86%. The lowest was 0.26%. And the median was 8.26%.
ROCO:1240's Return-on-Tangible-Asset is ranked better than 79.44% of 1994
companies
in the Consumer Packaged Goods industry
Industry Median: 3.52
vs ROCO:1240: 10.78
Morn Sun Feed Mill Co (ROCO:1240) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset 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 Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Morn Sun Feed Mill Co Return-on-Tangible-Asset Related Terms
Morn Sun Feed Mill Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Morn Sun Feed Mill Co's Return-on-Tangible-Asset 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.
Morn Sun Feed Mill Co Return-on-Tangible-Asset Chart
ROCO:1240 vs ADM, BG, TSN: Return-on-Tangible-Asset Comparison
For the Farm Products subindustry, Morn Sun Feed Mill Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Morn Sun Feed Mill Co Return-on-Tangible-Asset vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Morn Sun Feed Mill Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Morn Sun Feed Mill Co's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 15.13% mean?
Morn Sun Feed Mill Co (ROCO:1240) has a Return-on-Tangible-Asset of 15.13% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Morn Sun Feed Mill Co and its competitors. This is 83% above median its historical median of 8.26. Over the past decade, Morn Sun Feed Mill Co's Return-on-Tangible-Asset has ranged from 0.26 to 11.86. According to the industry distribution chart, Morn Sun Feed Mill Co ranks #410 out of 1994 companies in the Consumer Packaged Goods industry, placing it in the top 20.6%.
Is Morn Sun Feed Mill Co's Return-on-Tangible-Asset too high?
Morn Sun Feed Mill Co's current Return-on-Tangible-Asset of 15.13% is 83% above median its 10-year median of 8.26. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 11.86. The Consumer Packaged Goods industry median Return-on-Tangible-Asset is 3.52. Morn Sun Feed Mill Co's value of 15.13% is 329.8% above this industry median. Based on the distribution chart, Morn Sun Feed Mill Co ranks #410 out of 1994 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Morn Sun Feed Mill Co has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morn Sun Feed Mill Co's Return-on-Tangible-Asset compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Morn Sun Feed Mill Co ranks #410 out of 1994 companies for Return-on-Tangible-Asset. This places Morn Sun Feed Mill Co in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.52. Morn Sun Feed Mill Co's value of 15.13% is 329.8% above this benchmark. Historically, Morn Sun Feed Mill Co's own Return-on-Tangible-Asset has ranged from 0.26 to 11.86 over the past decade. While the company's 10-year median is 8.26 vs. the industry median of 3.52, Morn Sun Feed Mill Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Consumer Packaged Goods company?
The median Return-on-Tangible-Asset among Consumer Packaged Goods companies is 3.52, based on 1,994 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morn Sun Feed Mill Co's current Return-on-Tangible-Asset of 15.13% is 329.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Morn Sun Feed Mill Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Asset is 3.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morn Sun Feed Mill Co's current Return-on-Tangible-Asset is 15.13%, which is 83% above median its own 10-year median of 8.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morn Sun Feed Mill Co stock overvalued right now?
Based on GuruFocus' analysis, Morn Sun Feed Mill Co (ROCO:1240) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$48.58, compared to a current price of NT$56.90 — trading 17.1% above its estimated fair value. The current Return-on-Tangible-Asset is 15.13%, which is 83% above median its 10-year median of 8.26 and 329.8% above the Consumer Packaged Goods industry median of 3.52. Morn Sun Feed Mill Co's overall GF Score™ is 83/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Morn Sun Feed Mill Co (ROCO:1240), the current Return-on-Tangible-Asset is 15.13% as of Jun. 2026. 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 Morn Sun Feed Mill Co (ROCO:1240) Overvalued in 2026?
Based on GuruFocus' analysis, Morn Sun Feed Mill Co stock appears to be overvalued.
The current stock price of NT$56.90 is trading 17.1% above its estimated GF Value™ of NT$48.58.
GuruFocus considers Morn Sun Feed Mill Co to be Modestly Overvalued.
Key valuation signals for ROCO:1240:
Return-on-Tangible-Asset: 15.13% (83% above median its 10-year median of 8.26)
GF Value™: NT$48.58 vs. price of NT$56.90 (17.1% above fair value)
Industry Position: 329.8% above the Consumer Packaged Goods median (#410 of 1994)
No single metric tells the full story. See the ROCO:1240 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morn Sun Feed Mill Co Ltd is engaged in the manufacture and processing and the sale of feed and raw materials trading of rice shells, flour, soybeans, barley and wheat and assorted grains, and feeding of domestic livestock and poultry, etc. Reportable segments of the Group are the Feed Segment, Egg Product Segment, Breeding Segment and other segments. The company generates maximum of its revenue from the Feed Segment. It also generates revenue from warehouse rental income and sales of breeding pigs.
83GF Score
Get the complete analysis for ROCO:1240
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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