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Asia Tech ImageROCO:4974 +0.43%76 Return-on-Tangible-Asset is 7.44% as of Mar. 2026, which is 31% below its 10-year median of 10.77. GuruFocus rates ROCO:4974 with a GF Score™ of 76/100 and a GF Value™ of NT$67.55 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,501 Hardware companies, Asia Tech Image ranks better than 77.25% 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. Asia Tech Image's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$316 Mil. Asia Tech Image's average total tangible assets for the quarter that ended in Mar. 2026 was NT$4,253 Mil. Therefore, Asia Tech Image's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 7.44%.
The historical rank and industry rank for Asia Tech Image's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:4974'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.38 Med: 10.77 Max: 14.6
Current: 7.38
During the past 13 years, Asia Tech Image's highest Return-on-Tangible-Asset was 14.60%. The lowest was 7.38%. And the median was 10.77%.
ROCO:4974's Return-on-Tangible-Asset is ranked better than 77.25% of 2501
companies
in the Hardware industry
Industry Median: 2.48
vs ROCO:4974: 7.38
Asia Tech Image (ROCO:4974) 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.
Asia Tech Image Return-on-Tangible-Asset Related Terms
Asia Tech Image Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Asia Tech Image'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.
ROCO:4974 vs APH, GLW, TEL: Return-on-Tangible-Asset Comparison
For the Electronic Components subindustry, Asia Tech Image'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.
Asia Tech Image Return-on-Tangible-Asset vs Hardware Industry
For the Hardware industry and Technology sector, Asia Tech Image's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Asia Tech Image'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 7.44% mean?
Asia Tech Image (ROCO:4974) has a Return-on-Tangible-Asset of 7.44% 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 Asia Tech Image and its competitors. This is 31% below median its historical median of 10.77. Over the past decade, Asia Tech Image's Return-on-Tangible-Asset has ranged from 7.38 to 14.60. According to the industry distribution chart, Asia Tech Image ranks #569 out of 2501 companies in the Hardware industry, placing it in the top 22.8%.
Is Asia Tech Image's Return-on-Tangible-Asset too high?
Asia Tech Image's current Return-on-Tangible-Asset of 7.44% is 31% below median its 10-year median of 10.77. Over the past 10 years, this metric has ranged from a low of 7.38 to a high of 14.60. The Hardware industry median Return-on-Tangible-Asset is 2.48. Asia Tech Image's value of 7.44% is 200% above this industry median. Based on the distribution chart, Asia Tech Image ranks #569 out of 2501 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Asia Tech Image has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asia Tech Image's Return-on-Tangible-Asset compare to APH and GLW?
According to the Hardware industry distribution chart, Asia Tech Image ranks #569 out of 2501 companies for Return-on-Tangible-Asset. This places Asia Tech Image in the top 23% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.48. Asia Tech Image's value of 7.44% is 200% above this benchmark. Historically, Asia Tech Image's own Return-on-Tangible-Asset has ranged from 7.38 to 14.60 over the past decade. While the company's 10-year median is 10.77 vs. the industry median of 2.48, Asia Tech Image 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. Asia Tech Image's current Return-on-Tangible-Asset of 7.44% is 200% 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 Asia Tech Image 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. Asia Tech Image's current Return-on-Tangible-Asset is 7.44%, which is 31% below median its own 10-year median of 10.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Tech Image stock overvalued right now?
Based on GuruFocus' analysis, Asia Tech Image (ROCO:4974) is currently considered Fairly Valued. The stock's GF Value™ is NT$67.55, compared to a current price of NT$70.20 — trading 3.9% above its estimated fair value. The current Return-on-Tangible-Asset is 7.44%, which is 31% below median its 10-year median of 10.77 and 200% above the Hardware industry median of 2.48. Asia Tech Image's overall GF Score™ is 76/100 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 Asia Tech Image (ROCO:4974), the current Return-on-Tangible-Asset is 7.44% 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 Asia Tech Image (ROCO:4974) Overvalued in 2026?
Based on GuruFocus' analysis, Asia Tech Image stock appears to be overvalued.
The current stock price of NT$70.20 is trading 3.9% above its estimated GF Value™ of NT$67.55.
GuruFocus considers Asia Tech Image to be Fairly Valued.
Key valuation signals for ROCO:4974:
Return-on-Tangible-Asset: 7.44% (31% below median its 10-year median of 10.77)
GF Value™: NT$67.55 vs. price of NT$70.20 (3.9% above fair value)
Industry Position: 200% above the Hardware median (#569 of 2501)
No single metric tells the full story. See the ROCO:4974 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asia Tech Image Inc is engaged in manufacturing and selling contact image sensor modules the scope of product application is mainly for multi-functional business machines. its product includes CIS modules applied to Inkjet multi-functional printers (MFP), Laser MFP, Scanners, Plain paper copiers, and digital photo frames. It operates in three principal geographical areas including Taiwan, China, and Burma.
76GF Score
Get the complete analysis for ROCO:4974
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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