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Chenfull Precision CoROCO:6829 +2.43%82 Return-on-Tangible-Asset is 11.76% as of Mar. 2026, which is 6% above its 10-year median of 11.09. GuruFocus rates ROCO:6829 with a GF Score™ of 82/100 and a GF Value™ of NT$160.91 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,076 Industrial Products companies, Chenfull Precision Co ranks better than 78.9% 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. Chenfull Precision Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$387 Mil. Chenfull Precision Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$3,290 Mil. Therefore, Chenfull Precision Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 11.76%.
The historical rank and industry rank for Chenfull Precision Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6829'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 2.09 Med: 11.09 Max: 15.48
Current: 8.32
During the past 8 years, Chenfull Precision Co's highest Return-on-Tangible-Asset was 15.48%. The lowest was 2.09%. And the median was 11.09%.
ROCO:6829's Return-on-Tangible-Asset is ranked better than 78.9% of 3076
companies
in the Industrial Products industry
Industry Median: 3.315
vs ROCO:6829: 8.32
Chenfull Precision Co (ROCO:6829) 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.
Chenfull Precision Co Return-on-Tangible-Asset Related Terms
Chenfull Precision Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Chenfull Precision 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.
Chenfull Precision Co Return-on-Tangible-Asset Chart
ROCO:6829 vs GEV, ETN, PH: Return-on-Tangible-Asset Comparison
For the Specialty Industrial Machinery subindustry, Chenfull Precision 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.
Chenfull Precision Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chenfull Precision Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Chenfull Precision 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 11.76% mean?
Chenfull Precision Co (ROCO:6829) has a Return-on-Tangible-Asset of 11.76% 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 Chenfull Precision Co and its competitors. This is near median its historical median of 11.09. Over the past decade, Chenfull Precision Co's Return-on-Tangible-Asset has ranged from 2.09 to 15.48. According to the industry distribution chart, Chenfull Precision Co ranks #649 out of 3076 companies in the Industrial Products industry, placing it in the top 21.1%.
Is Chenfull Precision Co's Return-on-Tangible-Asset too high?
Chenfull Precision Co's current Return-on-Tangible-Asset of 11.76% is near median its 10-year median of 11.09. Over the past 10 years, this metric has ranged from a low of 2.09 to a high of 15.48. The Industrial Products industry median Return-on-Tangible-Asset is 3.32. Chenfull Precision Co's value of 11.76% is 254.8% above this industry median. Based on the distribution chart, Chenfull Precision Co ranks #649 out of 3076 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Chenfull Precision Co has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chenfull Precision Co's Return-on-Tangible-Asset compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Chenfull Precision Co ranks #649 out of 3076 companies for Return-on-Tangible-Asset. This places Chenfull Precision Co in the top 21% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.32. Chenfull Precision Co's value of 11.76% is 254.8% above this benchmark. Historically, Chenfull Precision Co's own Return-on-Tangible-Asset has ranged from 2.09 to 15.48 over the past decade. While the company's 10-year median is 11.09 vs. the industry median of 3.32, Chenfull Precision 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 an Industrial Products company?
The median Return-on-Tangible-Asset among Industrial Products companies is 3.32, based on 3,076 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. Chenfull Precision Co's current Return-on-Tangible-Asset of 11.76% is 254.8% 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 Chenfull Precision Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chenfull Precision Co's current Return-on-Tangible-Asset is 11.76%, which is near median its own 10-year median of 11.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chenfull Precision Co stock overvalued right now?
Based on GuruFocus' analysis, Chenfull Precision Co (ROCO:6829) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$160.91, compared to a current price of NT$211.00 — trading 31.1% above its estimated fair value. The current Return-on-Tangible-Asset is 11.76%, which is near median its 10-year median of 11.09 and 254.8% above the Industrial Products industry median of 3.32. Chenfull Precision Co's overall GF Score™ is 82/100 with 4 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 Chenfull Precision Co (ROCO:6829), the current Return-on-Tangible-Asset is 11.76% 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 Chenfull Precision Co (ROCO:6829) Overvalued in 2026?
Based on GuruFocus' analysis, Chenfull Precision Co stock appears to be overvalued.
The current stock price of NT$211.00 is trading 31.1% above its estimated GF Value™ of NT$160.91.
GuruFocus considers Chenfull Precision Co to be Significantly Overvalued.
Key valuation signals for ROCO:6829:
Return-on-Tangible-Asset: 11.76% (near median its 10-year median of 11.09)
GF Value™: NT$160.91 vs. price of NT$211.00 (31.1% above fair value)
Industry Position: 254.8% above the Industrial Products median (#649 of 3076)
No single metric tells the full story. See the ROCO:6829 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chenfull Precision Co Ltd is engaged in manufacturing, processing, and trading of precision molds, as well as the processing, manufacturing, and trading of various aerospace materials. It is producing and manufacturing structure parts and engine cases for International Civil Aviation Industry, and critical parts and components for Optoelectronic and Semiconductor Equipment Industry.
82GF Score
Get the complete analysis for ROCO:6829
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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