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Tah Kong Chemical Industrial (ROCO:4706) 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.
Tah Kong Chemical Industrial Return-on-Tangible-Asset Related Terms
Tah Kong 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.
Tah Kong Chemical Industrial Return-on-Tangible-Asset Chart
ROCO:4706 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Tah Kong 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.
Tah Kong Chemical Industrial Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tah Kong Chemical Industrial's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Tah Kong 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 4.83% mean?
Tah Kong Chemical Industrial (ROCO:4706) has a Return-on-Tangible-Asset of 4.83% 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 Tah Kong Chemical Industrial and its competitors. This is near median its historical median of 4.93. Over the past decade, Tah Kong Chemical Industrial's Return-on-Tangible-Asset has ranged from 0.35 to 9.36. According to the industry distribution chart, Tah Kong Chemical Industrial ranks #600 out of 1618 companies in the Chemicals industry, placing it in the top 37.1%.
Is Tah Kong Chemical Industrial's Return-on-Tangible-Asset too high?
Tah Kong Chemical Industrial's current Return-on-Tangible-Asset of 4.83% is near median its 10-year median of 4.93. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 9.36. The Chemicals industry median Return-on-Tangible-Asset is 3.54. Tah Kong Chemical Industrial's value of 4.83% is 36.4% above this industry median. Based on the distribution chart, Tah Kong Chemical Industrial ranks #600 out of 1618 companies in the Chemicals industry, which is above the industry midpoint. Overall, Tah Kong Chemical Industrial has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tah Kong Chemical Industrial's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tah Kong Chemical Industrial ranks #600 out of 1618 companies for Return-on-Tangible-Asset. This puts Tah Kong Chemical Industrial in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.54. Tah Kong Chemical Industrial's value of 4.83% is 36.4% above this benchmark. Historically, Tah Kong Chemical Industrial's own Return-on-Tangible-Asset has ranged from 0.35 to 9.36 over the past decade. While the company's 10-year median is 4.93 vs. the industry median of 3.54, Tah Kong Chemical Industrial 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 a Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.54, based on 1,618 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. Tah Kong Chemical Industrial's current Return-on-Tangible-Asset of 4.83% is 36.4% 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 Tah Kong Chemical Industrial and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tah Kong Chemical Industrial's current Return-on-Tangible-Asset is 4.83%, which is near median its own 10-year median of 4.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tah Kong Chemical Industrial stock overvalued right now?
Based on GuruFocus' analysis, Tah Kong Chemical Industrial (ROCO:4706) is currently considered Fairly Valued. The stock's GF Value™ is NT$30.77, compared to a current price of NT$34.00 — trading 10.5% above its estimated fair value. The current Return-on-Tangible-Asset is 4.83%, which is near median its 10-year median of 4.93 and 36.4% above the Chemicals industry median of 3.54. Tah Kong Chemical Industrial's overall GF Score™ is 68/100 with 5 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 Tah Kong Chemical Industrial (ROCO:4706), the current Return-on-Tangible-Asset is 4.83% 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 Tah Kong Chemical Industrial (ROCO:4706) Overvalued in 2026?
Based on GuruFocus' analysis, Tah Kong Chemical Industrial stock appears to be overvalued.
The current stock price of NT$34.00 is trading 10.5% above its estimated GF Value™ of NT$30.77.
GuruFocus considers Tah Kong Chemical Industrial to be Fairly Valued.
Key valuation signals for ROCO:4706:
Return-on-Tangible-Asset: 4.83% (near median its 10-year median of 4.93)
GF Value™: NT$30.77 vs. price of NT$34.00 (10.5% above fair value)
Industry Position: 36.4% above the Chemicals median (#600 of 1618)
No single metric tells the full story. See the ROCO:4706 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tah Kong Chemical Industrial Corp is engaged in processed pigment for textile printing and PVC, mainly in the manufacturing and selling. Its product portfolio consists of Colorants for polyvinyl chloride, Colorants for synthetic leather, Colorants for polyolefins, Water-based processing pigments, Organic pigments for coatings, inks, and plastics, Functional product applications, and UV curing products. Geographically, the company mainly operates in two regions, Taiwan and China.
68GF Score
Get the complete analysis for ROCO:4706
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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