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Taiwan Hopax Chemicals MFG CoROCO:6509 +1.26%75 Return-on-Tangible-Asset is 11.72% as of Mar. 2026, which is 101% above its 10-year median of 5.83. GuruFocus rates ROCO:6509 with a GF Score™ of 75/100 and a GF Value™ of NT$33.94 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,613 Chemicals companies, Taiwan Hopax Chemicals MFG Co ranks better than 78.24% on this metric.
Taiwan Hopax Chemicals MFG Co (ROCO:6509) 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.
Taiwan Hopax Chemicals MFG Co Return-on-Tangible-Asset Related Terms
Taiwan Hopax Chemicals MFG 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.
Taiwan Hopax Chemicals MFG Co Return-on-Tangible-Asset Chart
ROCO:6509 vs LIN, SHW, ECL: Return-on-Tangible-Asset Comparison
For the Specialty Chemicals subindustry, Taiwan Hopax Chemicals MFG 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.
Taiwan Hopax Chemicals MFG Co Return-on-Tangible-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Taiwan Hopax Chemicals MFG Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Taiwan Hopax Chemicals MFG 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 11.72% mean?
Taiwan Hopax Chemicals MFG Co (ROCO:6509) has a Return-on-Tangible-Asset of 11.72% 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 Taiwan Hopax Chemicals MFG Co and its competitors. This is 101% above median its historical median of 5.83. Over the past decade, Taiwan Hopax Chemicals MFG Co's Return-on-Tangible-Asset has ranged from 1.41 to 9.27. According to the industry distribution chart, Taiwan Hopax Chemicals MFG Co ranks #351 out of 1613 companies in the Chemicals industry, placing it in the top 21.8%.
Is Taiwan Hopax Chemicals MFG Co's Return-on-Tangible-Asset too high?
Taiwan Hopax Chemicals MFG Co's current Return-on-Tangible-Asset of 11.72% is 101% above median its 10-year median of 5.83. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 9.27. The Chemicals industry median Return-on-Tangible-Asset is 3.11. Taiwan Hopax Chemicals MFG Co's value of 11.72% is 276.8% above this industry median. Based on the distribution chart, Taiwan Hopax Chemicals MFG Co ranks #351 out of 1613 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Taiwan Hopax Chemicals MFG Co has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Hopax Chemicals MFG Co's Return-on-Tangible-Asset compare to LIN and SHW?
According to the Chemicals industry distribution chart, Taiwan Hopax Chemicals MFG Co ranks #351 out of 1613 companies for Return-on-Tangible-Asset. This places Taiwan Hopax Chemicals MFG Co in the top 22% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.11. Taiwan Hopax Chemicals MFG Co's value of 11.72% is 276.8% above this benchmark. Historically, Taiwan Hopax Chemicals MFG Co's own Return-on-Tangible-Asset has ranged from 1.41 to 9.27 over the past decade. While the company's 10-year median is 5.83 vs. the industry median of 3.11, Taiwan Hopax Chemicals MFG 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 Chemicals company?
The median Return-on-Tangible-Asset among Chemicals companies is 3.11, based on 1,613 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. Taiwan Hopax Chemicals MFG Co's current Return-on-Tangible-Asset of 11.72% is 276.8% 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 Taiwan Hopax Chemicals MFG Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Asset is 3.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Hopax Chemicals MFG Co's current Return-on-Tangible-Asset is 11.72%, which is 101% above median its own 10-year median of 5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Hopax Chemicals MFG Co stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Hopax Chemicals MFG Co (ROCO:6509) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$33.94, compared to a current price of NT$44.25 — trading 30.4% above its estimated fair value. The current Return-on-Tangible-Asset is 11.72%, which is 101% above median its 10-year median of 5.83 and 276.8% above the Chemicals industry median of 3.11. Taiwan Hopax Chemicals MFG Co's overall GF Score™ is 75/100 with 1 warning sign 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 Taiwan Hopax Chemicals MFG Co (ROCO:6509), the current Return-on-Tangible-Asset is 11.72% 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 Taiwan Hopax Chemicals MFG Co (ROCO:6509) Overvalued in 2026?
Based on GuruFocus' analysis, Taiwan Hopax Chemicals MFG Co stock appears to be overvalued.
The current stock price of NT$44.25 is trading 30.4% above its estimated GF Value™ of NT$33.94.
GuruFocus considers Taiwan Hopax Chemicals MFG Co to be Modestly Overvalued.
Key valuation signals for ROCO:6509:
Return-on-Tangible-Asset: 11.72% (101% above median its 10-year median of 5.83)
GF Value™: NT$33.94 vs. price of NT$44.25 (30.4% above fair value)
Industry Position: 276.8% above the Chemicals median (#351 of 1613)
No single metric tells the full story. See the ROCO:6509 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taiwan Hopax Chemicals MFG Co Ltd manufactures, processes and sells chemical raw materials for pharmaceuticals, industrial, paper making and office stationery. Its product range includes Biopharmaceuticals, Biological reagents, Cell culture medium, Diagnostic Reagent Kits, Electroplating Additives, Lithium battery additives, Dispersants, Carbon-free copy paper specialty chemicals, Wet End Chemicals, Coating Additives, and Boiler water treatment agent. The company's segments include Specialty Chemicals, Fine Chemicals, Office Stationery, and Other segment.
75GF Score
Get the complete analysis for ROCO:6509
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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