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.
Userjoy Technology CoROCO:3546 -0.93%74 Return-on-Tangible-Asset is 22.78% as of Mar. 2026, which is 65% above its 10-year median of 13.83. GuruFocus rates ROCO:3546 with a GF Score™ of 74/100 and a GF Value™ of NT$76.55 (Fairly Valued). The stock has 4 warning signs investors should review. Among 564 Interactive Media companies, Userjoy Technology Co ranks better than 72.52% 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. Userjoy Technology Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$548 Mil. Userjoy Technology Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$2,406 Mil. Therefore, Userjoy Technology Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 22.78%.
The historical rank and industry rank for Userjoy Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3546'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.92 Med: 13.83 Max: 18.22
Current: 8.53
During the past 13 years, Userjoy Technology Co's highest Return-on-Tangible-Asset was 18.22%. The lowest was 4.92%. And the median was 13.83%.
ROCO:3546's Return-on-Tangible-Asset is ranked better than 72.52% of 564
companies
in the Interactive Media industry
Industry Median: 0.72
vs ROCO:3546: 8.53
Userjoy Technology Co (ROCO:3546) 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.
Userjoy Technology Co Return-on-Tangible-Asset Related Terms
Userjoy Technology Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Userjoy Technology 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.
Userjoy Technology Co Return-on-Tangible-Asset Chart
ROCO:3546 vs NTES, EA, TTWO: Return-on-Tangible-Asset Comparison
For the Electronic Gaming & Multimedia subindustry, Userjoy Technology 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.
Userjoy Technology Co Return-on-Tangible-Asset vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Userjoy Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Userjoy Technology 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 22.78% mean?
Userjoy Technology Co (ROCO:3546) has a Return-on-Tangible-Asset of 22.78% 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 Userjoy Technology Co and its competitors. This is 65% above median its historical median of 13.83. Over the past decade, Userjoy Technology Co's Return-on-Tangible-Asset has ranged from 4.92 to 18.22. According to the industry distribution chart, Userjoy Technology Co ranks #155 out of 564 companies in the Interactive Media industry, placing it in the top 27.5%.
Is Userjoy Technology Co's Return-on-Tangible-Asset too high?
Userjoy Technology Co's current Return-on-Tangible-Asset of 22.78% is 65% above median its 10-year median of 13.83. Over the past 10 years, this metric has ranged from a low of 4.92 to a high of 18.22. The Interactive Media industry median Return-on-Tangible-Asset is 0.72. Userjoy Technology Co's value of 22.78% is 3063.9% above this industry median. Based on the distribution chart, Userjoy Technology Co ranks #155 out of 564 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Userjoy Technology Co has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Userjoy Technology Co's Return-on-Tangible-Asset compare to NTES and EA?
According to the Interactive Media industry distribution chart, Userjoy Technology Co ranks #155 out of 564 companies for Return-on-Tangible-Asset. This puts Userjoy Technology Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 0.72. Userjoy Technology Co's value of 22.78% is 3063.9% above this benchmark. Historically, Userjoy Technology Co's own Return-on-Tangible-Asset has ranged from 4.92 to 18.22 over the past decade. While the company's 10-year median is 13.83 vs. the industry median of 0.72, Userjoy Technology 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 an Interactive Media company?
The median Return-on-Tangible-Asset among Interactive Media companies is 0.72, based on 564 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. Userjoy Technology Co's current Return-on-Tangible-Asset of 22.78% is 3063.9% 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 Userjoy Technology Co and its competitors. For the Interactive Media industry, the median Return-on-Tangible-Asset is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Userjoy Technology Co's current Return-on-Tangible-Asset is 22.78%, which is 65% above median its own 10-year median of 13.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Userjoy Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Userjoy Technology Co (ROCO:3546) is currently considered Fairly Valued. The stock's GF Value™ is NT$76.55, compared to a current price of NT$74.60 — trading 2.5% below its estimated fair value. The current Return-on-Tangible-Asset is 22.78%, which is 65% above median its 10-year median of 13.83 and 3063.9% above the Interactive Media industry median of 0.72. Userjoy Technology Co's overall GF Score™ is 74/100 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 Userjoy Technology Co (ROCO:3546), the current Return-on-Tangible-Asset is 22.78% 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 Userjoy Technology Co (ROCO:3546) Overvalued in 2026?
Based on GuruFocus' analysis, Userjoy Technology Co stock appears to be undervalued.
The current stock price of NT$74.60 is trading 2.5% below its estimated GF Value™ of NT$76.55.
GuruFocus considers Userjoy Technology Co to be Fairly Valued.
Key valuation signals for ROCO:3546:
Return-on-Tangible-Asset: 22.78% (65% above median its 10-year median of 13.83)
GF Value™: NT$76.55 vs. price of NT$74.60 (2.5% below fair value)
Industry Position: 3063.9% above the Interactive Media median (#155 of 564)
No single metric tells the full story. See the ROCO:3546 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Userjoy Technology Co Ltd engaged in the design, research and development and sale of game software. The company only has a single operating segment, which is mainly engaged in the design, research and development and sales of game software in Taiwan.
74GF Score
Get the complete analysis for ROCO:3546
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:3546 has been successfully added to your 
