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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. Hsin-Li Chemical Industrial's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$-180.6 Mil. Hsin-Li Chemical Industrial's average total tangible assets for the quarter that ended in Mar. 2026 was NT$4,845.2 Mil. Therefore, Hsin-Li Chemical Industrial's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -3.73%.
The historical rank and industry rank for Hsin-Li Chemical Industrial's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:4303'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.17 Med: 8.92 Max: 84.02
Current: -5.17
During the past 13 years, Hsin-Li Chemical Industrial's highest Return-on-Tangible-Asset was 84.02%. The lowest was -5.17%. And the median was 8.92%.
ROCO:4303's Return-on-Tangible-Asset is ranked worse than 83.97% of 1067
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.19
vs ROCO:4303: -5.17
Hsin-Li Chemical Industrial (ROCO:4303) 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.
Hsin-Li Chemical Industrial Return-on-Tangible-Asset Related Terms
Hsin-Li Chemical Industrial Return-on-Tangible-Asset Historical Data
* 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.
Hsin-Li Chemical Industrial Return-on-Tangible-Asset Chart
ROCO:4303 vs NKE, DECK, ONON: Return-on-Tangible-Asset Comparison
For the Footwear & Accessories subindustry, Hsin-Li Chemical Industrial'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.
Hsin-Li Chemical Industrial Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hsin-Li Chemical Industrial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hsin-Li Chemical Industrial'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 -3.73% mean?
Hsin-Li Chemical Industrial (ROCO:4303) has a Return-on-Tangible-Asset of -3.73% 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 Hsin-Li Chemical Industrial and its competitors. According to the industry distribution chart, Hsin-Li Chemical Industrial ranks #896 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 84%.
Is Hsin-Li Chemical Industrial's Return-on-Tangible-Asset too high?
Hsin-Li Chemical Industrial's current Return-on-Tangible-Asset is -3.73%. Based on the distribution chart, Hsin-Li Chemical Industrial ranks #896 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Hsin-Li Chemical Industrial has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hsin-Li Chemical Industrial's Return-on-Tangible-Asset compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Hsin-Li Chemical Industrial ranks #896 out of 1067 companies for Return-on-Tangible-Asset. This places Hsin-Li Chemical Industrial in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.19. 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Asset among Manufacturing - Apparel & Accessories companies is 2.19, based on 1,067 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. 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 Hsin-Li Chemical Industrial and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Asset is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hsin-Li Chemical Industrial's current Return-on-Tangible-Asset is -3.73%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsin-Li Chemical Industrial stock overvalued right now?
Based on GuruFocus' analysis, Hsin-Li Chemical Industrial (ROCO:4303) is currently considered Possible Value Trap. The stock's GF Value™ is NT$117.89, compared to a current price of NT$48.00 — trading 59.3% below its estimated fair value. The current Return-on-Tangible-Asset is -3.73%. Hsin-Li Chemical Industrial's overall GF Score™ is 63/100 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 Hsin-Li Chemical Industrial (ROCO:4303), the current Return-on-Tangible-Asset is -3.73% 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 Hsin-Li Chemical Industrial (ROCO:4303) Overvalued in 2026?
Based on GuruFocus' analysis, Hsin-Li Chemical Industrial stock appears to be undervalued.
The current stock price of NT$48.00 is trading 59.3% below its estimated GF Value™ of NT$117.89.
GuruFocus considers Hsin-Li Chemical Industrial to be Possible Value Trap.
Key valuation signals for ROCO:4303:
Return-on-Tangible-Asset: -3.73%
GF Value™: NT$117.89 vs. price of NT$48.00 (59.3% below fair value)
No single metric tells the full story. See the ROCO:4303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hsin-Li Chemical Industrial Corp mainly engages in the manufacturing and trading of synthetic leather and plastic leather products. Its business activities include production and manufacturing of various synthetic leathers, product scheduling and inventory management, maintenance of factory equipment, new product development and research, quality inspection and improvement. Its PVC products include PVC simulated leather, PVC pearlescent leather (paper texture), PVC furniture leather, PVC non-slip leather, PVC leather (printed), PVC leather (embossed), and PVC leather (paper texture + embossing). Its PU products include Dry PU, Wet-process PU products (non-slip leather), PU + TPU, PU film printing, and PU waterproof and breathable membrane. Taiwan generates the maximum revenue.
63GF Score
Get the complete analysis for ROCO:4303
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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