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Kwang Ming Silk Mill CoROCO:4420 62 Return-on-Tangible-Asset is 1.47% as of Mar. 2026, which is 73% below its 10-year median of 5.36. GuruFocus rates ROCO:4420 with a GF Score™ of 62/100 and a GF Value™ of NT$71.42 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,067 Manufacturing - Apparel & Accessories companies, Kwang Ming Silk Mill Co ranks worse than 52.39% 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. Kwang Ming Silk Mill Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$27 Mil. Kwang Ming Silk Mill Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$1,821 Mil. Therefore, Kwang Ming Silk Mill Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 1.47%.
The historical rank and industry rank for Kwang Ming Silk Mill Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:4420'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.14 Med: 5.36 Max: 61.8
Current: 1.78
During the past 13 years, Kwang Ming Silk Mill Co's highest Return-on-Tangible-Asset was 61.80%. The lowest was -1.14%. And the median was 5.36%.
ROCO:4420's Return-on-Tangible-Asset is ranked worse than 52.39% of 1067
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.19
vs ROCO:4420: 1.78
Kwang Ming Silk Mill Co (ROCO:4420) 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.
Kwang Ming Silk Mill Co Return-on-Tangible-Asset Related Terms
Kwang Ming Silk Mill Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Kwang Ming Silk Mill 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.
Kwang Ming Silk Mill Co Return-on-Tangible-Asset Chart
Kwang Ming Silk Mill Co Return-on-Tangible-Asset Competitor Comparison
For the Textile Manufacturing subindustry, Kwang Ming Silk Mill 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.
Kwang Ming Silk Mill Co Return-on-Tangible-Asset vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kwang Ming Silk Mill Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Kwang Ming Silk Mill 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 1.47% mean?
Kwang Ming Silk Mill Co (ROCO:4420) has a Return-on-Tangible-Asset of 1.47% 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 Kwang Ming Silk Mill Co and its competitors. This is 73% below median its historical median of 5.36. According to the industry distribution chart, Kwang Ming Silk Mill Co ranks #559 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 52.4%.
Is Kwang Ming Silk Mill Co's Return-on-Tangible-Asset too high?
Kwang Ming Silk Mill Co's current Return-on-Tangible-Asset of 1.47% is 73% below median its 10-year median of 5.36. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Asset is 2.19. Kwang Ming Silk Mill Co's value of 1.47% is 32.9% below this industry median. Based on the distribution chart, Kwang Ming Silk Mill Co ranks #559 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Kwang Ming Silk Mill Co has a GF Score™ of 62/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwang Ming Silk Mill Co's Return-on-Tangible-Asset compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kwang Ming Silk Mill Co ranks #559 out of 1067 companies for Return-on-Tangible-Asset. This places Kwang Ming Silk Mill Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.19. Kwang Ming Silk Mill Co's value of 1.47% is 32.9% below this benchmark. While the company's 10-year median is 5.36 vs. the industry median of 2.19, Kwang Ming Silk Mill 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 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. Kwang Ming Silk Mill Co's current Return-on-Tangible-Asset of 1.47% is 32.9% 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 Kwang Ming Silk Mill Co 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. Kwang Ming Silk Mill Co's current Return-on-Tangible-Asset is 1.47%, which is 73% below median its own 10-year median of 5.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwang Ming Silk Mill Co stock overvalued right now?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co (ROCO:4420) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$71.42, compared to a current price of NT$36.80 — trading 48.5% below its estimated fair value. The current Return-on-Tangible-Asset is 1.47%, which is 73% below median its 10-year median of 5.36 and 32.9% below the Manufacturing - Apparel & Accessories industry median of 2.19. Kwang Ming Silk Mill Co's overall GF Score™ is 62/100 with 2 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 Kwang Ming Silk Mill Co (ROCO:4420), the current Return-on-Tangible-Asset is 1.47% 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 Kwang Ming Silk Mill Co (ROCO:4420) Overvalued in 2026?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co stock appears to be undervalued.
The current stock price of NT$36.80 is trading 48.5% below its estimated GF Value™ of NT$71.42.
GuruFocus considers Kwang Ming Silk Mill Co to be Significantly Undervalued.
Key valuation signals for ROCO:4420:
Return-on-Tangible-Asset: 1.47% (73% below median its 10-year median of 5.36)
GF Value™: NT$71.42 vs. price of NT$36.80 (48.5% below fair value)
Industry Position: 32.9% below the Manufacturing - Apparel & Accessories median (#559 of 1067)
No single metric tells the full story. See the ROCO:4420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kwang Ming Silk Mill Co Ltd is mainly engaged in the textile industry, including the manufacture of man-made fibers, dyeing and weaving of fabrics, and the purchase and sale of raw materials, supplies, and finished goods related to fabrics. The Company is also involved in real estate leasing, as well as industrial factory development and rental. It operates through two reportable segments: the Fiber segment, which generates the maximum revenue and is engaged in the manufacture and trading of textured yarn, and the Real Estate Development segment, which focuses on housing, commercial buildings, and factory development and rental.
62GF Score
Get the complete analysis for ROCO:4420
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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