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.
Chaheng Precision CoROCO:4546 +0.93%60 Return-on-Tangible-Asset is 6.25% as of Dec. 2025, which is 47% above its 10-year median of 4.26. GuruFocus rates ROCO:4546 with a GF Score™ of 60/100 and a GF Value™ of NT$178.52 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 360 Aerospace & Defense companies, Chaheng Precision Co ranks better than 61.67% 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. Chaheng Precision Co's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$225 Mil. Chaheng Precision Co's average total tangible assets for the quarter that ended in Dec. 2025 was NT$3,597 Mil. Therefore, Chaheng Precision Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 6.25%.
The historical rank and industry rank for Chaheng Precision Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:4546'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -5.24 Med: 4.26 Max: 10.45
Current: 5.07
During the past 13 years, Chaheng Precision Co's highest Return-on-Tangible-Asset was 10.45%. The lowest was -5.24%. And the median was 4.26%.
ROCO:4546's Return-on-Tangible-Asset is ranked better than 61.67% of 360
companies
in the Aerospace & Defense industry
Industry Median: 3.135
vs ROCO:4546: 5.07
Chaheng Precision Co (ROCO:4546) 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.
Chaheng Precision Co Return-on-Tangible-Asset Related Terms
Chaheng Precision Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Chaheng Precision 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.
Chaheng Precision Co Return-on-Tangible-Asset Chart
ROCO:4546 vs SPCX, GE, RTX: Return-on-Tangible-Asset Comparison
For the Aerospace & Defense subindustry, Chaheng Precision 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.
Chaheng Precision Co Return-on-Tangible-Asset vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Chaheng Precision Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chaheng Precision 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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 6.25% mean?
Chaheng Precision Co (ROCO:4546) has a Return-on-Tangible-Asset of 6.25% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Chaheng Precision Co and its competitors. This is 47% above median its historical median of 4.26. According to the industry distribution chart, Chaheng Precision Co ranks #138 out of 360 companies in the Aerospace & Defense industry, placing it in the top 38.3%.
Is Chaheng Precision Co's Return-on-Tangible-Asset too high?
Chaheng Precision Co's current Return-on-Tangible-Asset of 6.25% is 47% above median its 10-year median of 4.26. The Aerospace & Defense industry median Return-on-Tangible-Asset is 3.14. Chaheng Precision Co's value of 6.25% is 99.4% above this industry median. Based on the distribution chart, Chaheng Precision Co ranks #138 out of 360 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Chaheng Precision Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Chaheng Precision Co's Return-on-Tangible-Asset compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Chaheng Precision Co ranks #138 out of 360 companies for Return-on-Tangible-Asset. This puts Chaheng Precision Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.14. Chaheng Precision Co's value of 6.25% is 99.4% above this benchmark. While the company's 10-year median is 4.26 vs. the industry median of 3.14, Chaheng Precision 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 Aerospace & Defense company?
The median Return-on-Tangible-Asset among Aerospace & Defense companies is 3.14, based on 360 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. Chaheng Precision Co's current Return-on-Tangible-Asset of 6.25% is 99.4% 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 Chaheng Precision Co and its competitors. For the Aerospace & Defense industry, the median Return-on-Tangible-Asset is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chaheng Precision Co's current Return-on-Tangible-Asset is 6.25%, which is 47% above median its own 10-year median of 4.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chaheng Precision Co stock overvalued right now?
Based on GuruFocus' analysis, Chaheng Precision Co (ROCO:4546) is currently considered Possible Value Trap. The stock's GF Value™ is NT$178.52, compared to a current price of NT$65.30 — trading 63.4% below its estimated fair value. The current Return-on-Tangible-Asset is 6.25%, which is 47% above median its 10-year median of 4.26 and 99.4% above the Aerospace & Defense industry median of 3.14. Chaheng Precision Co's overall GF Score™ is 60/100 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 Chaheng Precision Co (ROCO:4546), the current Return-on-Tangible-Asset is 6.25% as of Dec. 2025. 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 Chaheng Precision Co (ROCO:4546) Overvalued in 2026?
Based on GuruFocus' analysis, Chaheng Precision Co stock appears to be undervalued.
The current stock price of NT$65.30 is trading 63.4% below its estimated GF Value™ of NT$178.52.
GuruFocus considers Chaheng Precision Co to be Possible Value Trap.
Key valuation signals for ROCO:4546:
Return-on-Tangible-Asset: 6.25% (47% above median its 10-year median of 4.26)
GF Value™: NT$178.52 vs. price of NT$65.30 (63.4% below fair value)
Industry Position: 99.4% above the Aerospace & Defense median (#138 of 360)
No single metric tells the full story. See the ROCO:4546 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chaheng Precision Co Ltd is a Taiwan-based manufacturer of aero engine components. Its products include precision equipment, airplane engines, Aero-engine Fan Blades, Aero-engine compressors, OGV diffusers, Aero-engine combustors, and other Products.
60GF Score
Get the complete analysis for ROCO:4546
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:4546 has been successfully added to your 
