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Horng Terng Automation CoROCO:7751 +3.72%23 Return-on-Tangible-Asset is 16.52% as of Jun. 2026, which is 3% above its 10-year median of 16.08. GuruFocus rates ROCO:7751 with a GF Score™ of 23/100. The stock has 2 warning signs investors should review. Among 1,033 Semiconductors companies, Horng Terng Automation Co ranks better than 90.8% 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. Horng Terng Automation Co's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$736 Mil. Horng Terng Automation Co's average total tangible assets for the quarter that ended in Jun. 2026 was NT$4,458 Mil. Therefore, Horng Terng Automation Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was 16.52%.
The historical rank and industry rank for Horng Terng Automation Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:7751'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 9.05 Med: 16.08 Max: 21.18
Current: 18.17
During the past 5 years, Horng Terng Automation Co's highest Return-on-Tangible-Asset was 21.18%. The lowest was 9.05%. And the median was 16.08%.
ROCO:7751's Return-on-Tangible-Asset is ranked better than 90.8% of 1033
companies
in the Semiconductors industry
Industry Median: 3.14
vs ROCO:7751: 18.17
Horng Terng Automation Co (ROCO:7751) 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.
Horng Terng Automation Co Return-on-Tangible-Asset Related Terms
Horng Terng Automation Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Horng Terng Automation 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.
Horng Terng Automation Co Return-on-Tangible-Asset Chart
ROCO:7751 vs AMAT, LRCX, KLAC: Return-on-Tangible-Asset Comparison
For the Semiconductor Equipment & Materials subindustry, Horng Terng Automation 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.
Horng Terng Automation Co Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Horng Terng Automation Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Horng Terng Automation 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 (Jun. 2026) net income data.
What does a Return-on-Tangible-Asset of 16.52% mean?
Horng Terng Automation Co (ROCO:7751) has a Return-on-Tangible-Asset of 16.52% as of Jun. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Horng Terng Automation Co and its competitors. This is near median its historical median of 16.08. Over the past decade, Horng Terng Automation Co's Return-on-Tangible-Asset has ranged from 9.05 to 21.18. According to the industry distribution chart, Horng Terng Automation Co ranks #95 out of 1033 companies in the Semiconductors industry, placing it in the top 9.2%.
Is Horng Terng Automation Co's Return-on-Tangible-Asset too high?
Horng Terng Automation Co's current Return-on-Tangible-Asset of 16.52% is near median its 10-year median of 16.08. Over the past 10 years, this metric has ranged from a low of 9.05 to a high of 21.18. The Semiconductors industry median Return-on-Tangible-Asset is 3.14. Horng Terng Automation Co's value of 16.52% is 426.1% above this industry median. Based on the distribution chart, Horng Terng Automation Co ranks #95 out of 1033 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Horng Terng Automation Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Horng Terng Automation Co's Return-on-Tangible-Asset compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Horng Terng Automation Co ranks #95 out of 1033 companies for Return-on-Tangible-Asset. This places Horng Terng Automation Co in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 3.14. Horng Terng Automation Co's value of 16.52% is 426.1% above this benchmark. Historically, Horng Terng Automation Co's own Return-on-Tangible-Asset has ranged from 9.05 to 21.18 over the past decade. While the company's 10-year median is 16.08 vs. the industry median of 3.14, Horng Terng Automation 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 Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 3.14, based on 1,033 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. Horng Terng Automation Co's current Return-on-Tangible-Asset of 16.52% is 426.1% 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 Horng Terng Automation Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 3.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horng Terng Automation Co's current Return-on-Tangible-Asset is 16.52%, which is near median its own 10-year median of 16.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horng Terng Automation Co stock overvalued right now?
Horng Terng Automation Co (ROCO:7751) has a current Return-on-Tangible-Asset of 16.52%. The current Return-on-Tangible-Asset is 16.52%, which is near median its 10-year median of 16.08 and 426.1% above the Semiconductors industry median of 3.14. Horng Terng Automation Co's overall GF Score™ is 23/100 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 Horng Terng Automation Co (ROCO:7751), the current Return-on-Tangible-Asset is 16.52% as of Jun. 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.
Horng Terng Automation Co Ltd is a Company that concentrates all its efforts on continuous research and development and upgrading of skills, providing complete technologies and equipment to customers, and providing customized equipment development and design, detection efficiency improvement, equipment integration and application, and other immediate and complete solutions based on customer development trends. The Company generates revenue from the research and development, manufacturing, and sale of semiconductor automation equipment. It mainly focuses on the R&D, production, and sale of semiconductor automation equipment.
23GF Score
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