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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. Feng Ching Metal's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$69 Mil. Feng Ching Metal's average total tangible assets for the quarter that ended in Mar. 2026 was NT$1,204 Mil. Therefore, Feng Ching Metal's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 5.73%.
The historical rank and industry rank for Feng Ching Metal's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:2061'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.23 Med: -1.24 Max: 9.94
Current: -2.77
During the past 13 years, Feng Ching Metal's highest Return-on-Tangible-Asset was 9.94%. The lowest was -6.23%. And the median was -1.24%.
ROCO:2061's Return-on-Tangible-Asset is ranked worse than 80.71% of 3084
companies
in the Industrial Products industry
Industry Median: 3.41
vs ROCO:2061: -2.77
Feng Ching Metal (ROCO:2061) 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.
Feng Ching Metal Return-on-Tangible-Asset Related Terms
Feng Ching Metal Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Feng Ching Metal'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.
ROCO:2061 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Feng Ching Metal'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.
Feng Ching Metal Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Feng Ching Metal's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Feng Ching Metal'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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 5.73% mean?
Feng Ching Metal (ROCO:2061) has a Return-on-Tangible-Asset of 5.73% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Feng Ching Metal and its competitors. According to the industry distribution chart, Feng Ching Metal ranks #2489 out of 3084 companies in the Industrial Products industry, placing it in the top 80.7%.
Is Feng Ching Metal's Return-on-Tangible-Asset too high?
Feng Ching Metal's current Return-on-Tangible-Asset is 5.73%. The Industrial Products industry median Return-on-Tangible-Asset is 3.41. Feng Ching Metal's value of 5.73% is 68% above this industry median. Based on the distribution chart, Feng Ching Metal ranks #2489 out of 3084 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Feng Ching Metal has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Feng Ching Metal's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Feng Ching Metal ranks #2489 out of 3084 companies for Return-on-Tangible-Asset. This places Feng Ching Metal in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.41. Feng Ching Metal's value of 5.73% is 68% above this benchmark. 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.41, based on 3,084 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. Feng Ching Metal's current Return-on-Tangible-Asset of 5.73% is 68% 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 Feng Ching Metal and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Feng Ching Metal's current Return-on-Tangible-Asset is 5.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Feng Ching Metal stock overvalued right now?
Based on GuruFocus' analysis, Feng Ching Metal (ROCO:2061) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$18.32, compared to a current price of NT$50.10 — trading 173.5% above its estimated fair value. The current Return-on-Tangible-Asset is 5.73% and 68% above the Industrial Products industry median of 3.41. Feng Ching Metal's overall GF Score™ is 44/100 with 5 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 Feng Ching Metal (ROCO:2061), the current Return-on-Tangible-Asset is 5.73% as of Mar. 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 Feng Ching Metal (ROCO:2061) Overvalued in 2026?
Based on GuruFocus' analysis, Feng Ching Metal stock appears to be overvalued.
The current stock price of NT$50.10 is trading 173.5% above its estimated GF Value™ of NT$18.32.
GuruFocus considers Feng Ching Metal to be Significantly Overvalued.
Key valuation signals for ROCO:2061:
Return-on-Tangible-Asset: 5.73%
GF Value™: NT$18.32 vs. price of NT$50.10 (173.5% above fair value)
Industry Position: 68% above the Industrial Products median (#2489 of 3084)
No single metric tells the full story. See the ROCO:2061 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Feng Ching Metal Corp is a Taiwan-based company engaged in the production of enameled wire. Its products include copper bonding wires, polyether diol-coated copper bonding wires, and others.
44GF Score
Get the complete analysis for ROCO:2061
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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