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Advanced Echem Materials CoROCO:4749 +2.16%71 Return-on-Tangible-Asset is 12.76% as of Mar. 2026, which is 106% above its 10-year median of 6.18. GuruFocus rates ROCO:4749 with a GF Score™ of 71/100 and a GF Value™ of NT$932.59 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 2,501 Hardware companies, Advanced Echem Materials Co ranks better than 89.08% 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. Advanced Echem Materials Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$1,358 Mil. Advanced Echem Materials Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$10,641 Mil. Therefore, Advanced Echem Materials Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 12.76%.
The historical rank and industry rank for Advanced Echem Materials Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:4749'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -10.12 Med: 6.18 Max: 18.32
Current: 11.42
During the past 11 years, Advanced Echem Materials Co's highest Return-on-Tangible-Asset was 18.32%. The lowest was -10.12%. And the median was 6.18%.
ROCO:4749's Return-on-Tangible-Asset is ranked better than 89.08% of 2501
companies
in the Hardware industry
Industry Median: 2.48
vs ROCO:4749: 11.42
Advanced Echem Materials Co (ROCO:4749) 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.
Advanced Echem Materials Co Return-on-Tangible-Asset Related Terms
Advanced Echem Materials Co 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.
Advanced Echem Materials Co Return-on-Tangible-Asset Chart
ROCO:4749 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Advanced Echem Materials 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.
Advanced Echem Materials Co Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Advanced Echem Materials Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Advanced Echem Materials 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 12.76% mean?
Advanced Echem Materials Co (ROCO:4749) has a Return-on-Tangible-Asset of 12.76% 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 Advanced Echem Materials Co and its competitors. This is 106% above median its historical median of 6.18. According to the industry distribution chart, Advanced Echem Materials Co ranks #273 out of 2501 companies in the Hardware industry, placing it in the top 10.9%.
Is Advanced Echem Materials Co's Return-on-Tangible-Asset too high?
Advanced Echem Materials Co's current Return-on-Tangible-Asset of 12.76% is 106% above median its 10-year median of 6.18. The Hardware industry median Return-on-Tangible-Asset is 2.48. Advanced Echem Materials Co's value of 12.76% is 414.5% above this industry median. Based on the distribution chart, Advanced Echem Materials Co ranks #273 out of 2501 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Advanced Echem Materials Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Advanced Echem Materials Co's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Advanced Echem Materials Co ranks #273 out of 2501 companies for Return-on-Tangible-Asset. This places Advanced Echem Materials Co in the top 11% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.48. Advanced Echem Materials Co's value of 12.76% is 414.5% above this benchmark. While the company's 10-year median is 6.18 vs. the industry median of 2.48, Advanced Echem Materials 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 a Hardware company?
The median Return-on-Tangible-Asset among Hardware companies is 2.48, based on 2,501 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. Advanced Echem Materials Co's current Return-on-Tangible-Asset of 12.76% is 414.5% 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 Advanced Echem Materials Co and its competitors. For the Hardware industry, the median Return-on-Tangible-Asset is 2.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advanced Echem Materials Co's current Return-on-Tangible-Asset is 12.76%, which is 106% above median its own 10-year median of 6.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advanced Echem Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Advanced Echem Materials Co (ROCO:4749) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$932.59, compared to a current price of NT$803.00 — trading 13.9% below its estimated fair value. The current Return-on-Tangible-Asset is 12.76%, which is 106% above median its 10-year median of 6.18 and 414.5% above the Hardware industry median of 2.48. Advanced Echem Materials Co's overall GF Score™ is 71/100 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 Advanced Echem Materials Co (ROCO:4749), the current Return-on-Tangible-Asset is 12.76% 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 Advanced Echem Materials Co (ROCO:4749) Overvalued in 2026?
Based on GuruFocus' analysis, Advanced Echem Materials Co stock appears to be undervalued.
The current stock price of NT$803.00 is trading 13.9% below its estimated GF Value™ of NT$932.59.
GuruFocus considers Advanced Echem Materials Co to be Modestly Undervalued.
Key valuation signals for ROCO:4749:
Return-on-Tangible-Asset: 12.76% (106% above median its 10-year median of 6.18)
GF Value™: NT$932.59 vs. price of NT$803.00 (13.9% below fair value)
Industry Position: 414.5% above the Hardware median (#273 of 2501)
No single metric tells the full story. See the ROCO:4749 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Advanced Echem Materials Co Ltd is engaged in developing and manufacturing special chemical materials for semiconductor and display applications. The company focuses on core technologies such as synthesis, purification of special raw materials, and innovation in formulation materials.
71GF Score
Get the complete analysis for ROCO:4749
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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