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RoyalTek CoROCO:3306 +0.58%67 Return-on-Tangible-Asset is 0.59% as of Mar. 2026, which is 68% below its 10-year median of 1.84. GuruFocus rates ROCO:3306 with a GF Score™ of 67/100 and a GF Value™ of NT$48.41 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,501 Hardware companies, RoyalTek Co ranks better than 54.62% 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. RoyalTek Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$21 Mil. RoyalTek Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$3,649 Mil. Therefore, RoyalTek Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.59%.
The historical rank and industry rank for RoyalTek Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3306'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -2.78 Med: 1.84 Max: 4.33
Current: 3.06
During the past 13 years, RoyalTek Co's highest Return-on-Tangible-Asset was 4.33%. The lowest was -2.78%. And the median was 1.84%.
ROCO:3306's Return-on-Tangible-Asset is ranked better than 54.62% of 2501
companies
in the Hardware industry
Industry Median: 2.46
vs ROCO:3306: 3.06
RoyalTek Co (ROCO:3306) 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.
RoyalTek Co Return-on-Tangible-Asset Related Terms
RoyalTek Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for RoyalTek 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.
ROCO:3306 vs COHR, KEYS, GRMN: Return-on-Tangible-Asset Comparison
For the Scientific & Technical Instruments subindustry, RoyalTek 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.
RoyalTek Co Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, RoyalTek Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where RoyalTek 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 (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 0.59% mean?
RoyalTek Co (ROCO:3306) has a Return-on-Tangible-Asset of 0.59% 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 RoyalTek Co and its competitors. This is 68% below median its historical median of 1.84. According to the industry distribution chart, RoyalTek Co ranks #1135 out of 2501 companies in the Hardware industry, placing it in the top 45.4%.
Is RoyalTek Co's Return-on-Tangible-Asset too high?
RoyalTek Co's current Return-on-Tangible-Asset of 0.59% is 68% below median its 10-year median of 1.84. The Hardware industry median Return-on-Tangible-Asset is 2.46. RoyalTek Co's value of 0.59% is 76% below this industry median. Based on the distribution chart, RoyalTek Co ranks #1135 out of 2501 companies in the Hardware industry, which is above the industry midpoint. Overall, RoyalTek Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RoyalTek Co's Return-on-Tangible-Asset compare to COHR and KEYS?
According to the Hardware industry distribution chart, RoyalTek Co ranks #1135 out of 2501 companies for Return-on-Tangible-Asset. This puts RoyalTek Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.46. RoyalTek Co's value of 0.59% is 76% below this benchmark. While the company's 10-year median is 1.84 vs. the industry median of 2.46, RoyalTek Co has consistently been below 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 2,501 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. RoyalTek Co's current Return-on-Tangible-Asset of 0.59% is 76% below 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 RoyalTek Co 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. RoyalTek Co's current Return-on-Tangible-Asset is 0.59%, which is 68% below median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RoyalTek Co stock overvalued right now?
Based on GuruFocus' analysis, RoyalTek Co (ROCO:3306) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$48.41, compared to a current price of NT$43.65 — trading 9.8% below its estimated fair value. The current Return-on-Tangible-Asset is 0.59%, which is 68% below median its 10-year median of 1.84 and 76% below the Hardware industry median of 2.46. RoyalTek Co's overall GF Score™ is 67/100 with 3 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 RoyalTek Co (ROCO:3306), the current Return-on-Tangible-Asset is 0.59% 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 RoyalTek Co (ROCO:3306) Overvalued in 2026?
Based on GuruFocus' analysis, RoyalTek Co stock appears to be undervalued.
The current stock price of NT$43.65 is trading 9.8% below its estimated GF Value™ of NT$48.41.
GuruFocus considers RoyalTek Co to be Modestly Undervalued.
Key valuation signals for ROCO:3306:
Return-on-Tangible-Asset: 0.59% (68% below median its 10-year median of 1.84)
GF Value™: NT$48.41 vs. price of NT$43.65 (9.8% below fair value)
Industry Position: 76% below the Hardware median (#1135 of 2501)
No single metric tells the full story. See the ROCO:3306 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RoyalTek Co Ltd is a Taiwan-based company engages in the production and distribution of global positioning system (GPS) products. It offers audio video navigation system (AVN), portable navigation device (PND), advanced driving assistance system (ADAS), driving video recorder (DVR), electronic accessories for automobiles and engine board for GPS.
67GF Score
Get the complete analysis for ROCO:3306
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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