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Huang Long Development CoROCO:3512 52 Return-on-Tangible-Asset is 3.68% as of Mar. 2026, which is 23% above its 10-year median of 2.98. GuruFocus rates ROCO:3512 with a GF Score™ of 52/100 and a GF Value™ of NT$12.74 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,803 Real Estate companies, Huang Long Development Co ranks better than 68.22% 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. Huang Long Development Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$206.0 Mil. Huang Long Development Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$5,590.8 Mil. Therefore, Huang Long Development Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 3.68%.
The historical rank and industry rank for Huang Long Development Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3512'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.99 Med: 2.98 Max: 8.28
Current: 3.77
During the past 13 years, Huang Long Development Co's highest Return-on-Tangible-Asset was 8.28%. The lowest was -5.99%. And the median was 2.98%.
ROCO:3512's Return-on-Tangible-Asset is ranked better than 68.22% of 1803
companies
in the Real Estate industry
Industry Median: 1.9
vs ROCO:3512: 3.77
Huang Long Development Co (ROCO:3512) 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.
Huang Long Development Co Return-on-Tangible-Asset Related Terms
Huang Long Development Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Huang Long Development 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.
Huang Long Development Co Return-on-Tangible-Asset Chart
ROCO:3512 vs CBRE, BEKE, JLL: Return-on-Tangible-Asset Comparison
For the Real Estate Services subindustry, Huang Long Development 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.
Huang Long Development Co Return-on-Tangible-Asset vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Huang Long Development Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Huang Long Development 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 3.68% mean?
Huang Long Development Co (ROCO:3512) has a Return-on-Tangible-Asset of 3.68% 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 Huang Long Development Co and its competitors. This is 23% above median its historical median of 2.98. According to the industry distribution chart, Huang Long Development Co ranks #573 out of 1803 companies in the Real Estate industry, placing it in the top 31.8%.
Is Huang Long Development Co's Return-on-Tangible-Asset too high?
Huang Long Development Co's current Return-on-Tangible-Asset of 3.68% is 23% above median its 10-year median of 2.98. The Real Estate industry median Return-on-Tangible-Asset is 1.90. Huang Long Development Co's value of 3.68% is 93.7% above this industry median. Based on the distribution chart, Huang Long Development Co ranks #573 out of 1803 companies in the Real Estate industry, which is above the industry midpoint. Overall, Huang Long Development Co has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Huang Long Development Co's Return-on-Tangible-Asset compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Huang Long Development Co ranks #573 out of 1803 companies for Return-on-Tangible-Asset. This puts Huang Long Development Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 1.90. Huang Long Development Co's value of 3.68% is 93.7% above this benchmark. While the company's 10-year median is 2.98 vs. the industry median of 1.90, Huang Long Development 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 Real Estate company?
The median Return-on-Tangible-Asset among Real Estate companies is 1.90, based on 1,803 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. Huang Long Development Co's current Return-on-Tangible-Asset of 3.68% is 93.7% 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 Huang Long Development Co and its competitors. For the Real Estate industry, the median Return-on-Tangible-Asset is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Huang Long Development Co's current Return-on-Tangible-Asset is 3.68%, which is 23% above median its own 10-year median of 2.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Huang Long Development Co stock overvalued right now?
Based on GuruFocus' analysis, Huang Long Development Co (ROCO:3512) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$12.74, compared to a current price of NT$19.70 — trading 54.6% above its estimated fair value. The current Return-on-Tangible-Asset is 3.68%, which is 23% above median its 10-year median of 2.98 and 93.7% above the Real Estate industry median of 1.90. Huang Long Development Co's overall GF Score™ is 52/100 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 Huang Long Development Co (ROCO:3512), the current Return-on-Tangible-Asset is 3.68% 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 Huang Long Development Co (ROCO:3512) Overvalued in 2026?
Based on GuruFocus' analysis, Huang Long Development Co stock appears to be overvalued.
The current stock price of NT$19.70 is trading 54.6% above its estimated GF Value™ of NT$12.74.
GuruFocus considers Huang Long Development Co to be Significantly Overvalued.
Key valuation signals for ROCO:3512:
Return-on-Tangible-Asset: 3.68% (23% above median its 10-year median of 2.98)
GF Value™: NT$12.74 vs. price of NT$19.70 (54.6% above fair value)
Industry Position: 93.7% above the Real Estate median (#573 of 1803)
No single metric tells the full story. See the ROCO:3512 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Huang Long Development Co Ltd is a Taiwan-based real estate company. The company is engaged in the production and sale of various new types of electronic components, real estate trading, and residential and office building development, renting, and sales. The company has two segments: the Electronics Business segment and the Construction segment, which generates the maximum revenue. It operates in Taiwan, China, and other countries.
52GF Score
Get the complete analysis for ROCO:3512
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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