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.
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.
Advanced Ceramic XROCO:3152 +6.37%76 Return-on-Tangible-Asset is 8.46% as of Mar. 2026, which is 54% below its 10-year median of 18.57. GuruFocus rates ROCO:3152 with a GF Score™ of 76/100 and a GF Value™ of NT$262.39 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,500 Hardware companies, Advanced Ceramic X ranks better than 92.92% 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. Advanced Ceramic X's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$384 Mil. Advanced Ceramic X's average total tangible assets for the quarter that ended in Mar. 2026 was NT$4,534 Mil. Therefore, Advanced Ceramic X's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 8.46%.
The historical rank and industry rank for Advanced Ceramic X's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3152'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 6.36 Med: 18.57 Max: 23.3
Current: 14.12
During the past 13 years, Advanced Ceramic X's highest Return-on-Tangible-Asset was 23.30%. The lowest was 6.36%. And the median was 18.57%.
ROCO:3152's Return-on-Tangible-Asset is ranked better than 92.92% of 2500
companies
in the Hardware industry
Industry Median: 2.455
vs ROCO:3152: 14.12
Advanced Ceramic X (ROCO:3152) 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.
Advanced Ceramic X Return-on-Tangible-Asset Related Terms
Advanced Ceramic X Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Advanced Ceramic X'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:3152 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Advanced Ceramic X'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.
Advanced Ceramic X Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Advanced Ceramic X's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Advanced Ceramic X'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 8.46% mean?
Advanced Ceramic X (ROCO:3152) has a Return-on-Tangible-Asset of 8.46% 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 Advanced Ceramic X and its competitors. This is 54% below median its historical median of 18.57. Over the past decade, Advanced Ceramic X's Return-on-Tangible-Asset has ranged from 6.36 to 23.30. According to the industry distribution chart, Advanced Ceramic X ranks #177 out of 2500 companies in the Hardware industry, placing it in the top 7.1%.
Is Advanced Ceramic X's Return-on-Tangible-Asset too high?
Advanced Ceramic X's current Return-on-Tangible-Asset of 8.46% is 54% below median its 10-year median of 18.57. Over the past 10 years, this metric has ranged from a low of 6.36 to a high of 23.30. The Hardware industry median Return-on-Tangible-Asset is 2.46. Advanced Ceramic X's value of 8.46% is 244.6% above this industry median. Based on the distribution chart, Advanced Ceramic X ranks #177 out of 2500 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Advanced Ceramic X has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Advanced Ceramic X's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Advanced Ceramic X ranks #177 out of 2500 companies for Return-on-Tangible-Asset. This places Advanced Ceramic X in the top 7% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.46. Advanced Ceramic X's value of 8.46% is 244.6% above this benchmark. Historically, Advanced Ceramic X's own Return-on-Tangible-Asset has ranged from 6.36 to 23.30 over the past decade. While the company's 10-year median is 18.57 vs. the industry median of 2.46, Advanced Ceramic X 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 Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.46, based on 2,500 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. Advanced Ceramic X's current Return-on-Tangible-Asset of 8.46% is 244.6% 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 Advanced Ceramic X and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advanced Ceramic X's current Return-on-Tangible-Asset is 8.46%, which is 54% below median its own 10-year median of 18.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Ceramic X stock overvalued right now?
Based on GuruFocus' analysis, Advanced Ceramic X (ROCO:3152) is currently considered Fairly Valued. The stock's GF Value™ is NT$262.39, compared to a current price of NT$232.00 — trading 11.6% below its estimated fair value. The current Return-on-Tangible-Asset is 8.46%, which is 54% below median its 10-year median of 18.57 and 244.6% above the Hardware industry median of 2.46. Advanced Ceramic X's overall GF Score™ is 76/100 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 Advanced Ceramic X (ROCO:3152), the current Return-on-Tangible-Asset is 8.46% 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 Advanced Ceramic X (ROCO:3152) Overvalued in 2026?
Based on GuruFocus' analysis, Advanced Ceramic X stock appears to be undervalued.
The current stock price of NT$232.00 is trading 11.6% below its estimated GF Value™ of NT$262.39.
GuruFocus considers Advanced Ceramic X to be Fairly Valued.
Key valuation signals for ROCO:3152:
Return-on-Tangible-Asset: 8.46% (54% below median its 10-year median of 18.57)
GF Value™: NT$262.39 vs. price of NT$232.00 (11.6% below fair value)
Industry Position: 244.6% above the Hardware median (#177 of 2500)
No single metric tells the full story. See the ROCO:3152 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Advanced Ceramic X Corp manufactures high-frequency chip ceramic components and high-frequency components and modules for wireless communication. The business activities of the company are the design, manufacture and sale of RF front-end devices and modules for application in wireless communication. Its products include Antennas, Balun-Filters, Baluns, Coupler-Filters, Couplers, Band Pass Filters, Filter Arrays, High and Low Pass Filters, Diplexers, Saw-Triplexers, Triplexers, Power Dividers, FEM Series and High-Frequency Inductors. Geographically, it derives a majority of its revenue from China and also has a presence in the United States, Taiwan, Hong Kong, and Other Countries.
76GF Score
Get the complete analysis for ROCO:3152
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:3152 has been successfully added to your 
