Bull Will Co (ROCO:6259) Return-on-Tangible-Asset: 9.71% (As of Mar. 2026) — 244% Above Median

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Director of Data and Quant Analytics at GuruFocus
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ROCO:6259 Bull Will Co Ltd ROCO:6259
67 GF Score
Price NT$31.05
GF Value NT$19.30
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Bull Will Co Return-on-Tangible-Asset?

Bull Will Co ROCO:6259 +0.98% 67 Return-on-Tangible-Asset is 9.71% as of Mar. 2026, which is 244% above its 10-year median of 2.82. GuruFocus rates ROCO:6259 with a GF Score™ of 67/100 and a GF Value™ of NT$19.30 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 2,501 Hardware companies, Bull Will Co ranks better than 63.81% 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. Bull Will Co's annualized Net Income for the quarter that ended in Mar. 2026 was NT$48.0 Mil. Bull Will Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$494.6 Mil. Therefore, Bull Will Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.71%.

The historical rank and industry rank for Bull Will Co's Return-on-Tangible-Asset or its related term are showing as below:

ROCO:6259' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -61.23   Med: 2.82   Max: 30.07
Current: 4.67

During the past 13 years, Bull Will Co's highest Return-on-Tangible-Asset was 30.07%. The lowest was -61.23%. And the median was 2.82%.

ROCO:6259's Return-on-Tangible-Asset is ranked better than
63.81% of 2501 companies
in the Hardware industry
Industry Median: 2.48 vs ROCO:6259: 4.67

Bull Will Co  (ROCO:6259) 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 company’s 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 company’s 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.


Bull Will Co Return-on-Tangible-Asset Related Terms


Bull Will Co Return-on-Tangible-Asset Historical Data

* Premium members only.

The historical data trend for Bull Will 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.

Bull Will Co Return-on-Tangible-Asset Chart

Bull Will Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.16 5.04 5.52 2.67 3.83

Bull Will Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.90 -1.35 5.15 5.74 9.71

ROCO:6259 vs SNX, ARW, AVT: Return-on-Tangible-Asset Comparison

For the Electronics & Computer Distribution subindustry, Bull Will 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.


Bull Will Co Return-on-Tangible-Asset vs Hardware Industry

For the Hardware industry and Technology sector, Bull Will Co's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Bull Will Co's Return-on-Tangible-Asset falls into.


ROCO:6259
67GF Score
Bull Will Co Ltd ROCO:6259
Return-on-Tangible-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bull Will Co Return-on-Tangible-Asset Calculation

Bull Will Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=18.43/( (504.144+459.34)/ 2 )
=18.43/481.742
=3.83 %

Bull Will Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=48.048/( (459.34+529.854)/ 2 )
=48.048/494.597
=9.71 %

* 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 9.71% mean?
Bull Will Co (ROCO:6259) has a Return-on-Tangible-Asset of 9.71% 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 Bull Will Co and its competitors. This is 244% above median its historical median of 2.82. According to the industry distribution chart, Bull Will Co ranks #905 out of 2501 companies in the Hardware industry, placing it in the top 36.2%.
Is Bull Will Co's Return-on-Tangible-Asset too high?
Bull Will Co's current Return-on-Tangible-Asset of 9.71% is 244% above median its 10-year median of 2.82. The Hardware industry median Return-on-Tangible-Asset is 2.48. Bull Will Co's value of 9.71% is 291.5% above this industry median. Based on the distribution chart, Bull Will Co ranks #905 out of 2501 companies in the Hardware industry, which is above the industry midpoint. Overall, Bull Will Co has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bull Will Co's Return-on-Tangible-Asset compare to SNX and ARW?
According to the Hardware industry distribution chart, Bull Will Co ranks #905 out of 2501 companies for Return-on-Tangible-Asset. This puts Bull Will Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.48. Bull Will Co's value of 9.71% is 291.5% above this benchmark. While the company's 10-year median is 2.82 vs. the industry median of 2.48, Bull Will 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. Bull Will Co's current Return-on-Tangible-Asset of 9.71% is 291.5% 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 Bull Will 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. Bull Will Co's current Return-on-Tangible-Asset is 9.71%, which is 244% above median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bull Will Co stock overvalued right now?
Based on GuruFocus' analysis, Bull Will Co (ROCO:6259) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$19.30, compared to a current price of NT$31.05 — trading 60.9% above its estimated fair value. The current Return-on-Tangible-Asset is 9.71%, which is 244% above median its 10-year median of 2.82 and 291.5% above the Hardware industry median of 2.48. Bull Will Co's overall GF Score™ is 67/100 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 Bull Will Co (ROCO:6259), the current Return-on-Tangible-Asset is 9.71% 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 Bull Will Co (ROCO:6259) Overvalued in 2026?

Based on GuruFocus' analysis, Bull Will Co stock appears to be overvalued. The current stock price of NT$31.05 is trading 60.9% above its estimated GF Value™ of NT$19.30. GuruFocus considers Bull Will Co to be Significantly Overvalued.

Key valuation signals for ROCO:6259:

  • Return-on-Tangible-Asset: 9.71% (244% above median its 10-year median of 2.82)
  • GF Value™: NT$19.30 vs. price of NT$31.05 (60.9% above fair value)
  • GF Score™: 67/100 with 2 warning signs
  • Industry Position: 291.5% above the Hardware median (#905 of 2501)

No single metric tells the full story. See the ROCO:6259 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Bull Will Co Business Description

Address Ruihu Street, No. 199, 3rd Floor, Neihu District, Taipei, TWN, 114
Bull Will Co Ltd is a Taiwan-based company that engages in the manufacture and sale of electronic equipment and electronic materials. Its products are categorized under Transformers, EMI / EMC Solution Parts, Power Inductors, LEDs(light-emitting diodes), and other products. Component products have a wide range of applications, including inductors, line protection components, high-power inductors for the industrial and electric industries, and custom components.
67GF Score

Get the complete analysis for ROCO:6259

Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$31.05
Price
NT$19.30
GF Value