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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. Meribank Biotech Co's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$-124.8 Mil. Meribank Biotech Co's average total tangible assets for the quarter that ended in Dec. 2025 was NT$2,015.9 Mil. Therefore, Meribank Biotech Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -6.19%.
The historical rank and industry rank for Meribank Biotech Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:4724'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -13.45 Med: -8.28 Max: -1.42
Current: -4.18
During the past 8 years, Meribank Biotech Co's highest Return-on-Tangible-Asset was -1.42%. The lowest was -13.45%. And the median was -8.28%.
ROCO:4724's Return-on-Tangible-Asset is ranked better than 75.88% of 1414
companies
in the Biotechnology industry
Industry Median: -36.16
vs ROCO:4724: -4.18
Meribank Biotech Co (ROCO:4724) 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.
Meribank Biotech Co Return-on-Tangible-Asset Related Terms
Meribank Biotech Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Meribank Biotech 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.
Meribank Biotech Co Return-on-Tangible-Asset Chart
ROCO:4724 vs VRTX, REGN, RVMD: Return-on-Tangible-Asset Comparison
For the Biotechnology subindustry, Meribank Biotech 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.
Meribank Biotech Co Return-on-Tangible-Asset vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Meribank Biotech Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Meribank Biotech 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 -6.19% mean?
Meribank Biotech Co (ROCO:4724) has a Return-on-Tangible-Asset of -6.19% 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 Meribank Biotech Co and its competitors. According to the industry distribution chart, Meribank Biotech Co ranks #341 out of 1414 companies in the Biotechnology industry, placing it in the top 24.1%.
Is Meribank Biotech Co's Return-on-Tangible-Asset too high?
Meribank Biotech Co's current Return-on-Tangible-Asset is -6.19%. Based on the distribution chart, Meribank Biotech Co ranks #341 out of 1414 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Meribank Biotech Co has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Meribank Biotech Co's Return-on-Tangible-Asset compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Meribank Biotech Co ranks #341 out of 1414 companies for Return-on-Tangible-Asset. This places Meribank Biotech Co in the top 24% of its industry — outperforming the majority of peers. 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 Biotechnology company?
A good Return-on-Tangible-Asset depends on the Biotechnology industry context. 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 Meribank Biotech Co and its competitors. Meribank Biotech Co's current Return-on-Tangible-Asset is -6.19%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meribank Biotech Co stock overvalued right now?
Based on GuruFocus' analysis, Meribank Biotech Co (ROCO:4724) is currently considered Possible Value Trap. The stock's GF Value™ is NT$49.44, compared to a current price of NT$8.55 — trading 82.7% below its estimated fair value. The current Return-on-Tangible-Asset is -6.19%. Meribank Biotech Co's overall GF Score™ is 38/100 with 6 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 Meribank Biotech Co (ROCO:4724), the current Return-on-Tangible-Asset is -6.19% 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 Meribank Biotech Co (ROCO:4724) Overvalued in 2026?
Based on GuruFocus' analysis, Meribank Biotech Co stock appears to be undervalued.
The current stock price of NT$8.55 is trading 82.7% below its estimated GF Value™ of NT$49.44.
GuruFocus considers Meribank Biotech Co to be Possible Value Trap.
Key valuation signals for ROCO:4724:
Return-on-Tangible-Asset: -6.19%
GF Value™: NT$49.44 vs. price of NT$8.55 (82.7% below fair value)
No single metric tells the full story. See the ROCO:4724 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Meribank Biotech Co Ltd is engaged in Research and development and sales of new cell drugs and also Umbilical cord blood, placenta and umbilical cord mesenchymal stem cells processing, testing and cryopreservation.
38GF Score
Get the complete analysis for ROCO:4724
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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