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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. Giga Solar Materials's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$138 Mil. Giga Solar Materials's average total tangible assets for the quarter that ended in Jun. 2026 was NT$12,698 Mil. Therefore, Giga Solar Materials's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.09%.
The historical rank and industry rank for Giga Solar Materials's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:3691'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -7.08 Med: -3.6 Max: 9.51
Current: 2.09
During the past 13 years, Giga Solar Materials's highest Return-on-Tangible-Asset was 9.51%. The lowest was -7.08%. And the median was -3.60%.
ROCO:3691's Return-on-Tangible-Asset is ranked worse than 55.9% of 1034
companies
in the Semiconductors industry
Industry Median: 3.64
vs ROCO:3691: 2.09
Giga Solar Materials (ROCO:3691) 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.
Giga Solar Materials Return-on-Tangible-Asset Related Terms
Giga Solar Materials Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Giga Solar Materials'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.
Giga Solar Materials Return-on-Tangible-Asset Chart
ROCO:3691 vs FSLR, NXT, ENPH: Return-on-Tangible-Asset Comparison
For the Solar subindustry, Giga Solar Materials'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.
Giga Solar Materials Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Giga Solar Materials's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Giga Solar Materials'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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.09% mean?
Giga Solar Materials (ROCO:3691) has a Return-on-Tangible-Asset of 1.09% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Giga Solar Materials and its competitors. According to the industry distribution chart, Giga Solar Materials ranks #578 out of 1034 companies in the Semiconductors industry, placing it in the top 55.9%.
Is Giga Solar Materials' Return-on-Tangible-Asset too high?
Giga Solar Materials' current Return-on-Tangible-Asset is 1.09%. The Semiconductors industry median Return-on-Tangible-Asset is 3.64. Giga Solar Materials' value of 1.09% is 70.1% below this industry median. Based on the distribution chart, Giga Solar Materials ranks #578 out of 1034 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Giga Solar Materials has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Giga Solar Materials' Return-on-Tangible-Asset compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Giga Solar Materials ranks #578 out of 1034 companies for Return-on-Tangible-Asset. This places Giga Solar Materials in the lower half of its industry. The industry median Return-on-Tangible-Asset is 3.64. Giga Solar Materials' value of 1.09% is 70.1% below 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 a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 3.64, based on 1,034 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. Giga Solar Materials's current Return-on-Tangible-Asset of 1.09% is 70.1% 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 Giga Solar Materials and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 3.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Giga Solar Materials's current Return-on-Tangible-Asset is 1.09%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Giga Solar Materials stock overvalued right now?
Based on GuruFocus' analysis, Giga Solar Materials (ROCO:3691) is currently considered Possible Value Trap. The stock's GF Value™ is NT$157.41, compared to a current price of NT$98.70 — trading 37.3% below its estimated fair value. The current Return-on-Tangible-Asset is 1.09% and 70.1% below the Semiconductors industry median of 3.64. Giga Solar Materials' overall GF Score™ is 54/100 with 8 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 Giga Solar Materials (ROCO:3691), the current Return-on-Tangible-Asset is 1.09% as of Jun. 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 Giga Solar Materials (ROCO:3691) Overvalued in 2026?
Based on GuruFocus' analysis, Giga Solar Materials stock appears to be undervalued.
The current stock price of NT$98.70 is trading 37.3% below its estimated GF Value™ of NT$157.41.
GuruFocus considers Giga Solar Materials to be Possible Value Trap.
Key valuation signals for ROCO:3691:
Return-on-Tangible-Asset: 1.09%
GF Value™: NT$157.41 vs. price of NT$98.70 (37.3% below fair value)
Industry Position: 70.1% below the Semiconductors median (#578 of 1034)
No single metric tells the full story. See the ROCO:3691 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Giga Solar Materials Corp is engaged in the research and development (R&D), manufacturing, and sales of solar conductive plasma. Its product includes Conductive Paste for Photovoltaic Cells, Quality Assurance System for Conductive Paste, Solutions to Solar Energy Cells and Li-ion Battery Materials.
54GF Score
Get the complete analysis for ROCO:3691
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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