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Provision Information CoROCO:6590 -0.31%81 Return-on-Tangible-Asset is 6.94% as of Mar. 2026, which is 33% below its 10-year median of 10.43. GuruFocus rates ROCO:6590 with a GF Score™ of 81/100 and a GF Value™ of NT$75.56 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,895 Software companies, Provision Information Co ranks better than 78.79% 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. Provision Information Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$82.1 Mil. Provision Information Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$1,183.0 Mil. Therefore, Provision Information Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 6.94%.
The historical rank and industry rank for Provision Information Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6590'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.53 Med: 10.43 Max: 13.29
Current: 11.27
During the past 13 years, Provision Information Co's highest Return-on-Tangible-Asset was 13.29%. The lowest was 5.53%. And the median was 10.43%.
ROCO:6590's Return-on-Tangible-Asset is ranked better than 78.79% of 2895
companies
in the Software industry
Industry Median: 2.1
vs ROCO:6590: 11.27
Provision Information Co (ROCO:6590) 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.
Provision Information Co Return-on-Tangible-Asset Related Terms
Provision Information Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Provision Information 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.
Provision Information Co Return-on-Tangible-Asset Chart
ROCO:6590 vs QH, SHOP, UBER: Return-on-Tangible-Asset Comparison
For the Software - Application subindustry, Provision Information 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.
Provision Information Co Return-on-Tangible-Asset vs Software Industry
For the Software industry and Technology sector, Provision Information Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Provision Information 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 6.94% mean?
Provision Information Co (ROCO:6590) has a Return-on-Tangible-Asset of 6.94% 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 Provision Information Co and its competitors. This is 33% below median its historical median of 10.43. Over the past decade, Provision Information Co's Return-on-Tangible-Asset has ranged from 5.53 to 13.29. According to the industry distribution chart, Provision Information Co ranks #614 out of 2895 companies in the Software industry, placing it in the top 21.2%.
Is Provision Information Co's Return-on-Tangible-Asset too high?
Provision Information Co's current Return-on-Tangible-Asset of 6.94% is 33% below median its 10-year median of 10.43. Over the past 10 years, this metric has ranged from a low of 5.53 to a high of 13.29. The Software industry median Return-on-Tangible-Asset is 2.10. Provision Information Co's value of 6.94% is 230.5% above this industry median. Based on the distribution chart, Provision Information Co ranks #614 out of 2895 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Provision Information Co has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Provision Information Co's Return-on-Tangible-Asset compare to QH and SHOP?
According to the Software industry distribution chart, Provision Information Co ranks #614 out of 2895 companies for Return-on-Tangible-Asset. This places Provision Information Co in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.10. Provision Information Co's value of 6.94% is 230.5% above this benchmark. Historically, Provision Information Co's own Return-on-Tangible-Asset has ranged from 5.53 to 13.29 over the past decade. While the company's 10-year median is 10.43 vs. the industry median of 2.10, Provision Information 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 Software company?
The median Return-on-Tangible-Asset among Software companies is 2.10, based on 2,895 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. Provision Information Co's current Return-on-Tangible-Asset of 6.94% is 230.5% 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 Provision Information Co and its competitors. For the Software industry, the median Return-on-Tangible-Asset is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Provision Information Co's current Return-on-Tangible-Asset is 6.94%, which is 33% below median its own 10-year median of 10.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Provision Information Co stock overvalued right now?
Based on GuruFocus' analysis, Provision Information Co (ROCO:6590) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$75.56, compared to a current price of NT$64.20 — trading 15% below its estimated fair value. The current Return-on-Tangible-Asset is 6.94%, which is 33% below median its 10-year median of 10.43 and 230.5% above the Software industry median of 2.10. Provision Information Co's overall GF Score™ is 81/100 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 Provision Information Co (ROCO:6590), the current Return-on-Tangible-Asset is 6.94% 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 Provision Information Co (ROCO:6590) Overvalued in 2026?
Based on GuruFocus' analysis, Provision Information Co stock appears to be undervalued.
The current stock price of NT$64.20 is trading 15% below its estimated GF Value™ of NT$75.56.
GuruFocus considers Provision Information Co to be Modestly Undervalued.
Key valuation signals for ROCO:6590:
Return-on-Tangible-Asset: 6.94% (33% below median its 10-year median of 10.43)
GF Value™: NT$75.56 vs. price of NT$64.20 (15% below fair value)
Industry Position: 230.5% above the Software median (#614 of 2895)
No single metric tells the full story. See the ROCO:6590 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Provision Information Co Ltd provides software application solutions. The company offers Payment solutions, Financial application solutions, Security solutions, and Outsourcing services. It provides platform such as Linux, Unix, Windows, AS/400, Mainframe to mainly financial industry clients.
81GF Score
Get the complete analysis for ROCO:6590
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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