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Hua Yang Precision Machinery CoROCO:6983 +4.19%63 Return-on-Tangible-Asset is 1.66% as of Mar. 2026, which is 83% below its 10-year median of 9.61. GuruFocus rates ROCO:6983 with a GF Score™ of 63/100 and a GF Value™ of NT$214.48 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 3,074 Industrial Products companies, Hua Yang Precision Machinery Co ranks better than 80.48% on this metric.
The historical rank and industry rank for Hua Yang Precision Machinery Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:6983'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 5.01 Med: 9.61 Max: 26.25
Current: 8.57
During the past 7 years, Hua Yang Precision Machinery Co's highest Return-on-Tangible-Asset was 26.25%. The lowest was 5.01%. And the median was 9.61%.
ROCO:6983's Return-on-Tangible-Asset is ranked better than 80.48% of 3074
companies
in the Industrial Products industry
Industry Median: 3.25
vs ROCO:6983: 8.57
Hua Yang Precision Machinery Co (ROCO:6983) 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.
Hua Yang Precision Machinery Co Return-on-Tangible-Asset Related Terms
Hua Yang Precision Machinery 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.
Hua Yang Precision Machinery Co Return-on-Tangible-Asset Chart
ROCO:6983 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Hua Yang Precision Machinery 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.
Hua Yang Precision Machinery Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hua Yang Precision Machinery Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Hua Yang Precision Machinery 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 1.66% mean?
Hua Yang Precision Machinery Co (ROCO:6983) has a Return-on-Tangible-Asset of 1.66% 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 Hua Yang Precision Machinery Co and its competitors. This is 83% below median its historical median of 9.61. Over the past decade, Hua Yang Precision Machinery Co's Return-on-Tangible-Asset has ranged from 5.01 to 26.25. According to the industry distribution chart, Hua Yang Precision Machinery Co ranks #600 out of 3074 companies in the Industrial Products industry, placing it in the top 19.5%.
Is Hua Yang Precision Machinery Co's Return-on-Tangible-Asset too high?
Hua Yang Precision Machinery Co's current Return-on-Tangible-Asset of 1.66% is 83% below median its 10-year median of 9.61. Over the past 10 years, this metric has ranged from a low of 5.01 to a high of 26.25. The Industrial Products industry median Return-on-Tangible-Asset is 3.25. Hua Yang Precision Machinery Co's value of 1.66% is 48.9% below this industry median. Based on the distribution chart, Hua Yang Precision Machinery Co ranks #600 out of 3074 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Hua Yang Precision Machinery Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hua Yang Precision Machinery Co's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hua Yang Precision Machinery Co ranks #600 out of 3074 companies for Return-on-Tangible-Asset. This places Hua Yang Precision Machinery Co in the top 20% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.25. Hua Yang Precision Machinery Co's value of 1.66% is 48.9% below this benchmark. Historically, Hua Yang Precision Machinery Co's own Return-on-Tangible-Asset has ranged from 5.01 to 26.25 over the past decade. While the company's 10-year median is 9.61 vs. the industry median of 3.25, Hua Yang Precision Machinery Co has consistently been below 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 3.25, based on 3,074 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. Hua Yang Precision Machinery Co's current Return-on-Tangible-Asset of 1.66% is 48.9% below 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 Hua Yang Precision Machinery Co and its competitors. For the Industrial Products industry, the median Return-on-Tangible-Asset is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hua Yang Precision Machinery Co's current Return-on-Tangible-Asset is 1.66%, which is 83% below median its own 10-year median of 9.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hua Yang Precision Machinery Co stock overvalued right now?
Based on GuruFocus' analysis, Hua Yang Precision Machinery Co (ROCO:6983) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$214.48, compared to a current price of NT$304.00 — trading 41.7% above its estimated fair value. The current Return-on-Tangible-Asset is 1.66%, which is 83% below median its 10-year median of 9.61 and 48.9% below the Industrial Products industry median of 3.25. Hua Yang Precision Machinery Co's overall GF Score™ is 63/100 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 Hua Yang Precision Machinery Co (ROCO:6983), the current Return-on-Tangible-Asset is 1.66% 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 Hua Yang Precision Machinery Co (ROCO:6983) Overvalued in 2026?
Based on GuruFocus' analysis, Hua Yang Precision Machinery Co stock appears to be overvalued.
The current stock price of NT$304.00 is trading 41.7% above its estimated GF Value™ of NT$214.48.
GuruFocus considers Hua Yang Precision Machinery Co to be Significantly Overvalued.
Key valuation signals for ROCO:6983:
Return-on-Tangible-Asset: 1.66% (83% below median its 10-year median of 9.61)
GF Value™: NT$214.48 vs. price of NT$304.00 (41.7% above fair value)
Industry Position: 48.9% below the Industrial Products median (#600 of 3074)
No single metric tells the full story. See the ROCO:6983 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hua Yang Precision Machinery Co Ltd is engaged in research and development of suitable equipment for inspection, measurement, and automated production, to help its clients shorten their production time. Its product category comprises of Automated Optical Inspection, Automation Solution and Others.
63GF Score
Get the complete analysis for ROCO:6983
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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