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The historical rank and industry rank for Phoenix Pioneer Technology Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6920'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.49 Med: -13.4 Max: 1.58
Current: -14.23
During the past 7 years, Phoenix Pioneer Technology Co's highest Return-on-Tangible-Asset was 1.58%. The lowest was -15.49%. And the median was -13.40%.
ROCO:6920's Return-on-Tangible-Asset is ranked worse than 88.25% of 1030
companies
in the Semiconductors industry
Industry Median: 2.865
vs ROCO:6920: -14.23
Phoenix Pioneer Technology Co (ROCO:6920) 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.
Phoenix Pioneer Technology Co Return-on-Tangible-Asset Related Terms
Phoenix Pioneer Technology 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.
Phoenix Pioneer Technology Co Return-on-Tangible-Asset Chart
ROCO:6920 vs AMAT, LRCX, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Phoenix Pioneer Technology 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.
Phoenix Pioneer Technology Co Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Phoenix Pioneer Technology Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Phoenix Pioneer Technology 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 two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -11.20% mean?
Phoenix Pioneer Technology Co (ROCO:6920) has a Return-on-Tangible-Asset of -11.20% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Phoenix Pioneer Technology Co and its competitors. According to the industry distribution chart, Phoenix Pioneer Technology Co ranks #909 out of 1030 companies in the Semiconductors industry, placing it in the top 88.3%.
Is Phoenix Pioneer Technology Co's Return-on-Tangible-Asset too high?
Phoenix Pioneer Technology Co's current Return-on-Tangible-Asset is -11.20%. Based on the distribution chart, Phoenix Pioneer Technology Co ranks #909 out of 1030 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Phoenix Pioneer Technology Co has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Phoenix Pioneer Technology Co's Return-on-Tangible-Asset compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Phoenix Pioneer Technology Co ranks #909 out of 1030 companies for Return-on-Tangible-Asset. This places Phoenix Pioneer Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.87. 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.87, based on 1,030 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. 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 Phoenix Pioneer Technology Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phoenix Pioneer Technology Co's current Return-on-Tangible-Asset is -11.20%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Pioneer Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Phoenix Pioneer Technology Co (ROCO:6920) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$28.42, compared to a current price of NT$80.00 — trading 181.5% above its estimated fair value. The current Return-on-Tangible-Asset is -11.20%. Phoenix Pioneer Technology Co's overall GF Score™ is 41/100 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 Phoenix Pioneer Technology Co (ROCO:6920), the current Return-on-Tangible-Asset is -11.20% as of Dec. 2025. 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 Phoenix Pioneer Technology Co (ROCO:6920) Overvalued in 2026?
Based on GuruFocus' analysis, Phoenix Pioneer Technology Co stock appears to be overvalued.
The current stock price of NT$80.00 is trading 181.5% above its estimated GF Value™ of NT$28.42.
GuruFocus considers Phoenix Pioneer Technology Co to be Significantly Overvalued.
Key valuation signals for ROCO:6920:
Return-on-Tangible-Asset: -11.20%
GF Value™: NT$28.42 vs. price of NT$80.00 (181.5% above fair value)
No single metric tells the full story. See the ROCO:6920 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phoenix Pioneer Technology Co Ltd primary business is the research, development, and manufacturing of precision IC carrier boards. Geographically, the company generates the majority of its revenue from Taiwan.
41GF Score
Get the complete analysis for ROCO:6920
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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