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Yuanta Futures CoROCO:6023 -0.73%72 Return-on-Tangible-Asset is 1.21% as of Jun. 2026, which is 19% below its 10-year median of 1.49. GuruFocus rates ROCO:6023 with a GF Score™ of 72/100 and a GF Value™ of NT$83.70 (Fairly Valued). The stock has 5 warning signs investors should review. Among 814 Capital Markets companies, Yuanta Futures Co ranks worse than 51.6% 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. Yuanta Futures Co's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$3,374 Mil. Yuanta Futures Co's average total tangible assets for the quarter that ended in Jun. 2026 was NT$278,285 Mil. Therefore, Yuanta Futures Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 1.21%.
The historical rank and industry rank for Yuanta Futures Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6023'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.88 Med: 1.49 Max: 1.65
Current: 1.3
During the past 13 years, Yuanta Futures Co's highest Return-on-Tangible-Asset was 1.65%. The lowest was 0.88%. And the median was 1.49%.
ROCO:6023's Return-on-Tangible-Asset is ranked worse than 51.6% of 814
companies
in the Capital Markets industry
Industry Median: 1.575
vs ROCO:6023: 1.30
Yuanta Futures Co (ROCO:6023) 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.
Yuanta Futures Co Return-on-Tangible-Asset Related Terms
Yuanta Futures Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Yuanta Futures 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.
ROCO:6023 vs MS, GS, SCHW: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, Yuanta Futures 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.
Yuanta Futures Co Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Yuanta Futures Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Yuanta Futures 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 1.21% mean?
Yuanta Futures Co (ROCO:6023) has a Return-on-Tangible-Asset of 1.21% 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 Yuanta Futures Co and its competitors. This is 19% below median its historical median of 1.49. Over the past decade, Yuanta Futures Co's Return-on-Tangible-Asset has ranged from 0.88 to 1.65. According to the industry distribution chart, Yuanta Futures Co ranks #420 out of 814 companies in the Capital Markets industry, placing it in the top 51.6%.
Is Yuanta Futures Co's Return-on-Tangible-Asset too high?
Yuanta Futures Co's current Return-on-Tangible-Asset of 1.21% is 19% below median its 10-year median of 1.49. Over the past 10 years, this metric has ranged from a low of 0.88 to a high of 1.65. The Capital Markets industry median Return-on-Tangible-Asset is 1.58. Yuanta Futures Co's value of 1.21% is 23.2% below this industry median. Based on the distribution chart, Yuanta Futures Co ranks #420 out of 814 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Yuanta Futures Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Yuanta Futures Co's Return-on-Tangible-Asset compare to MS and GS?
According to the Capital Markets industry distribution chart, Yuanta Futures Co ranks #420 out of 814 companies for Return-on-Tangible-Asset. This places Yuanta Futures Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 1.58. Yuanta Futures Co's value of 1.21% is 23.2% below this benchmark. Historically, Yuanta Futures Co's own Return-on-Tangible-Asset has ranged from 0.88 to 1.65 over the past decade. While the company's 10-year median is 1.49 vs. the industry median of 1.58, Yuanta Futures Co has consistently been below 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 Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.58, based on 814 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. Yuanta Futures Co's current Return-on-Tangible-Asset of 1.21% is 23.2% below 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 Yuanta Futures Co and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yuanta Futures Co's current Return-on-Tangible-Asset is 1.21%, which is 19% below median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yuanta Futures Co stock overvalued right now?
Based on GuruFocus' analysis, Yuanta Futures Co (ROCO:6023) is currently considered Fairly Valued. The stock's GF Value™ is NT$83.70, compared to a current price of NT$82.00 — trading 2% below its estimated fair value. The current Return-on-Tangible-Asset is 1.21%, which is 19% below median its 10-year median of 1.49 and 23.2% below the Capital Markets industry median of 1.58. Yuanta Futures Co's overall GF Score™ is 72/100 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 Yuanta Futures Co (ROCO:6023), the current Return-on-Tangible-Asset is 1.21% 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 Yuanta Futures Co (ROCO:6023) Overvalued in 2026?
Based on GuruFocus' analysis, Yuanta Futures Co stock appears to be undervalued.
The current stock price of NT$82.00 is trading 2% below its estimated GF Value™ of NT$83.70.
GuruFocus considers Yuanta Futures Co to be Fairly Valued.
Key valuation signals for ROCO:6023:
Return-on-Tangible-Asset: 1.21% (19% below median its 10-year median of 1.49)
GF Value™: NT$83.70 vs. price of NT$82.00 (2% below fair value)
Industry Position: 23.2% below the Capital Markets median (#420 of 814)
No single metric tells the full story. See the ROCO:6023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yuanta Futures Co Ltd is Taiwan's futures company. The company is engaged in onshore and offshore futures brokerage business, futures dealing, futures consulting, futures business management, securities dealing, leverage transaction merchant, and a variety of futures-related businesses. Its operating segments include: Brokerage segment, Dealing segment, and Other segment. The company derives maximum revenue from Brokerage segment. Geographically, the company has its presence in Taiwan, Asia (excluding Taiwan), Europe, America and Other.
72GF Score
Get the complete analysis for ROCO:6023
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