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The historical rank and industry rank for Changs Ascending Enterprise Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:8038'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -15.12 Med: -5.04 Max: 6.94
Current: 6.94
During the past 13 years, Changs Ascending Enterprise Co's highest Return-on-Tangible-Asset was 6.94%. The lowest was -15.12%. And the median was -5.04%.
ROCO:8038's Return-on-Tangible-Asset is ranked better than 71.91% of 3076
companies
in the Industrial Products industry
Industry Median: 3.315
vs ROCO:8038: 6.94
Changs Ascending Enterprise Co (ROCO:8038) 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.
Changs Ascending Enterprise Co Return-on-Tangible-Asset Related Terms
Changs Ascending Enterprise 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.
Changs Ascending Enterprise Co Return-on-Tangible-Asset Chart
ROCO:8038 vs VRT, BE: Return-on-Tangible-Asset Comparison
For the Electrical Equipment & Parts subindustry, Changs Ascending Enterprise 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.
Changs Ascending Enterprise Co Return-on-Tangible-Asset vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Changs Ascending Enterprise Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Changs Ascending Enterprise 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 4.66% mean?
Changs Ascending Enterprise Co (ROCO:8038) has a Return-on-Tangible-Asset of 4.66% 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 Changs Ascending Enterprise Co and its competitors. According to the industry distribution chart, Changs Ascending Enterprise Co ranks #864 out of 3076 companies in the Industrial Products industry, placing it in the top 28.1%.
Is Changs Ascending Enterprise Co's Return-on-Tangible-Asset too high?
Changs Ascending Enterprise Co's current Return-on-Tangible-Asset is 4.66%. The Industrial Products industry median Return-on-Tangible-Asset is 3.32. Changs Ascending Enterprise Co's value of 4.66% is 40.6% above this industry median. Based on the distribution chart, Changs Ascending Enterprise Co ranks #864 out of 3076 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Changs Ascending Enterprise Co has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Changs Ascending Enterprise Co's Return-on-Tangible-Asset compare to VRT and BE?
According to the Industrial Products industry distribution chart, Changs Ascending Enterprise Co ranks #864 out of 3076 companies for Return-on-Tangible-Asset. This puts Changs Ascending Enterprise Co in the upper half of its industry. The industry median Return-on-Tangible-Asset is 3.32. Changs Ascending Enterprise Co's value of 4.66% is 40.6% above this benchmark. 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. Changs Ascending Enterprise Co's current Return-on-Tangible-Asset of 4.66% is 40.6% 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 Changs Ascending Enterprise 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. Changs Ascending Enterprise Co's current Return-on-Tangible-Asset is 4.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changs Ascending Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Changs Ascending Enterprise Co (ROCO:8038) is currently considered Possible Value Trap. The stock's GF Value™ is NT$89.54, compared to a current price of NT$32.20 — trading 64% below its estimated fair value. The current Return-on-Tangible-Asset is 4.66% and 40.6% above the Industrial Products industry median of 3.32. Changs Ascending Enterprise Co's overall GF Score™ is 59/100 with 6 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 Changs Ascending Enterprise Co (ROCO:8038), the current Return-on-Tangible-Asset is 4.66% 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 Changs Ascending Enterprise Co (ROCO:8038) Overvalued in 2026?
Based on GuruFocus' analysis, Changs Ascending Enterprise Co stock appears to be undervalued.
The current stock price of NT$32.20 is trading 64% below its estimated GF Value™ of NT$89.54.
GuruFocus considers Changs Ascending Enterprise Co to be Possible Value Trap.
Key valuation signals for ROCO:8038:
Return-on-Tangible-Asset: 4.66%
GF Value™: NT$89.54 vs. price of NT$32.20 (64% below fair value)
Industry Position: 40.6% above the Industrial Products median (#864 of 3076)
No single metric tells the full story. See the ROCO:8038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changs Ascending Enterprise Co Ltd is engaged in the manufacturing, research, and development of lithium-iron batteries and its materials, as well as technology transfer and leasing, and sales of battery modules. The company derives maximum revenue from Lithium-iron battery modules.
59GF Score
Get the complete analysis for ROCO:8038
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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