GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spec Products Corp (ROCO:7718) » Definitions » Return-on-Tangible-Asset

Spec Products (ROCO:7718) Return-on-Tangible-Asset : 8.21% (As of Mar. 2025)


View and export this data going back to 2024. Start your Free Trial

What is Spec Products Return-on-Tangible-Asset?

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. Spec Products's annualized Net Income for the quarter that ended in Mar. 2025 was NT$171 Mil. Spec Products's average total tangible assets for the quarter that ended in Mar. 2025 was NT$2,088 Mil. Therefore, Spec Products's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 8.21%.

The historical rank and industry rank for Spec Products's Return-on-Tangible-Asset or its related term are showing as below:

ROCO:7718' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 3.48   Med: 9.74   Max: 13.73
Current: 10.93

During the past 5 years, Spec Products's highest Return-on-Tangible-Asset was 13.73%. The lowest was 3.48%. And the median was 9.74%.

ROCO:7718's Return-on-Tangible-Asset is ranked better than
87.25% of 3027 companies
in the Industrial Products industry
Industry Median: 3.3 vs ROCO:7718: 10.93

Spec Products Return-on-Tangible-Asset Historical Data

The historical data trend for Spec Products'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.

* Premium members only.

Spec Products Return-on-Tangible-Asset Chart

Spec Products Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
3.48 7.22 13.73 9.74 12.64

Spec Products Quarterly Data
Dec20 Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 13.17 13.32 12.11 10.41 8.21

Competitive Comparison of Spec Products's Return-on-Tangible-Asset

For the Tools & Accessories subindustry, Spec Products'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.


Spec Products's Return-on-Tangible-Asset Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Spec Products's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Spec Products's Return-on-Tangible-Asset falls into.


;
;

Spec Products Return-on-Tangible-Asset Calculation

Spec Products's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=248.519/( (1986.384+1944.433)/ 2 )
=248.519/1965.4085
=12.64 %

Spec Products's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=171.456/( (1944.433+2232.555)/ 2 )
=171.456/2088.494
=8.21 %

* 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. 2025) net income data.


Spec Products  (ROCO:7718) 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 company’s 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 company’s 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.


Spec Products Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Spec Products's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Spec Products Business Description

Traded in Other Exchanges
N/A
Address
9F.-4, No. 358, Sec 1, Dongmen Road, East District, Tainan, TWN, 701002
Spec Products Corp is a company which is Integrated Industrial Parts manufacturer and supplier where in they have exported more than ten thousand items made to customers' prints or samples per year to USA, Europe, Japan and China, including cold/ hot forging, turning, plastic ejection and stamping, etc from either on its own or sub-contracted factories.

Spec Products Headlines

No Headlines