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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. Shihlin Development Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$-103 Mil. Shihlin Development Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$10,525 Mil. Therefore, Shihlin Development Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was -0.98%.
The historical rank and industry rank for Shihlin Development Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:5324'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -3.5 Med: -0.65 Max: 2.5
Current: -0.25
During the past 13 years, Shihlin Development Co's highest Return-on-Tangible-Asset was 2.50%. The lowest was -3.50%. And the median was -0.65%.
ROCO:5324's Return-on-Tangible-Asset is ranked worse than 68.26% of 857
companies
in the Travel & Leisure industry
Industry Median: 2.86
vs ROCO:5324: -0.25
Shihlin Development Co (ROCO:5324) 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.
Shihlin Development Co Return-on-Tangible-Asset Related Terms
Shihlin Development Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Shihlin Development 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.
Shihlin Development Co Return-on-Tangible-Asset Chart
ROCO:5324 vs MAR, HLT, H: Return-on-Tangible-Asset Comparison
For the Lodging subindustry, Shihlin Development 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.
Shihlin Development Co Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Shihlin Development Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Shihlin Development 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 -0.98% mean?
Shihlin Development Co (ROCO:5324) has a Return-on-Tangible-Asset of -0.98% 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 Shihlin Development Co and its competitors. According to the industry distribution chart, Shihlin Development Co ranks #585 out of 857 companies in the Travel & Leisure industry, placing it in the top 68.3%.
Is Shihlin Development Co's Return-on-Tangible-Asset too high?
Shihlin Development Co's current Return-on-Tangible-Asset is -0.98%. Based on the distribution chart, Shihlin Development Co ranks #585 out of 857 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Shihlin Development Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shihlin Development Co's Return-on-Tangible-Asset compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Shihlin Development Co ranks #585 out of 857 companies for Return-on-Tangible-Asset. This places Shihlin Development Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.86. 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 Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.86, based on 857 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. 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 Shihlin Development Co and its competitors. For the Travel & Leisure industry, the median Return-on-Tangible-Asset is 2.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shihlin Development Co's current Return-on-Tangible-Asset is -0.98%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shihlin Development Co stock overvalued right now?
Based on GuruFocus' analysis, Shihlin Development Co (ROCO:5324) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$16.24, compared to a current price of NT$12.15 — trading 25.2% below its estimated fair value. The current Return-on-Tangible-Asset is -0.98%. Shihlin Development Co's overall GF Score™ is 63/100 with 9 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 Shihlin Development Co (ROCO:5324), the current Return-on-Tangible-Asset is -0.98% 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 Shihlin Development Co (ROCO:5324) Overvalued in 2026?
Based on GuruFocus' analysis, Shihlin Development Co stock appears to be undervalued.
The current stock price of NT$12.15 is trading 25.2% below its estimated GF Value™ of NT$16.24.
GuruFocus considers Shihlin Development Co to be Modestly Undervalued.
Key valuation signals for ROCO:5324:
Return-on-Tangible-Asset: -0.98%
GF Value™: NT$16.24 vs. price of NT$12.15 (25.2% below fair value)
No single metric tells the full story. See the ROCO:5324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shihlin Development Co Ltd is engaged in the manufacturing and sales of small signal transistors, power transistors, and integrated circuits. The company has three reportable segments: the Construction and Development, the Leisure and Recreation, and the Catering and Hotel segments. The construction and development segment engages in the construction of commercial buildings, sales and leasing of residences, and real estate development. The leisure and recreation segment engages in the development of clubs and specific areas. The catering and hotel segment engages in the catering and hotel room business. It derives majority of the revenue from Catering and Hotel segment.
63GF Score
Get the complete analysis for ROCO:5324
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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