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O-Ta Precision Industry CoROCO:8924 70 Return-on-Tangible-Asset is 0.30% as of Mar. 2026, which is 97% below its 10-year median of 11.67. GuruFocus rates ROCO:8924 with a GF Score™ of 70/100 and a GF Value™ of NT$83.10 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 858 Travel & Leisure companies, O-Ta Precision Industry Co ranks better than 76.11% 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. O-Ta Precision Industry Co's annualizedNet Income for the quarter that ended in Mar. 2026 was NT$17 Mil. O-Ta Precision Industry Co's average total tangible assets for the quarter that ended in Mar. 2026 was NT$5,774 Mil. Therefore, O-Ta Precision Industry Co's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 0.30%.
The historical rank and industry rank for O-Ta Precision Industry Co's Return-on-Tangible-Asset or its related term are showing as below:
ROCO:8924'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.54 Med: 11.67 Max: 35.15
Current: 7.58
During the past 13 years, O-Ta Precision Industry Co's highest Return-on-Tangible-Asset was 35.15%. The lowest was -6.54%. And the median was 11.67%.
ROCO:8924's Return-on-Tangible-Asset is ranked better than 76.11% of 858
companies
in the Travel & Leisure industry
Industry Median: 2.865
vs ROCO:8924: 7.58
O-Ta Precision Industry Co (ROCO:8924) 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.
O-Ta Precision Industry Co Return-on-Tangible-Asset Related Terms
O-Ta Precision Industry 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.
O-Ta Precision Industry Co Return-on-Tangible-Asset Chart
ROCO:8924 vs AS, HAS, LTH: Return-on-Tangible-Asset Comparison
For the Leisure subindustry, O-Ta Precision Industry 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.
O-Ta Precision Industry Co Return-on-Tangible-Asset vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, O-Ta Precision Industry Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where O-Ta Precision Industry 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 0.30% mean?
O-Ta Precision Industry Co (ROCO:8924) has a Return-on-Tangible-Asset of 0.30% 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 O-Ta Precision Industry Co and its competitors. This is 97% below median its historical median of 11.67. According to the industry distribution chart, O-Ta Precision Industry Co ranks #205 out of 858 companies in the Travel & Leisure industry, placing it in the top 23.9%.
Is O-Ta Precision Industry Co's Return-on-Tangible-Asset too high?
O-Ta Precision Industry Co's current Return-on-Tangible-Asset of 0.30% is 97% below median its 10-year median of 11.67. The Travel & Leisure industry median Return-on-Tangible-Asset is 2.87. O-Ta Precision Industry Co's value of 0.30% is 89.5% below this industry median. Based on the distribution chart, O-Ta Precision Industry Co ranks #205 out of 858 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, O-Ta Precision Industry Co has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does O-Ta Precision Industry Co's Return-on-Tangible-Asset compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, O-Ta Precision Industry Co ranks #205 out of 858 companies for Return-on-Tangible-Asset. This places O-Ta Precision Industry Co in the top 24% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.87. O-Ta Precision Industry Co's value of 0.30% is 89.5% below this benchmark. While the company's 10-year median is 11.67 vs. the industry median of 2.87, O-Ta Precision Industry 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 a Travel & Leisure company?
The median Return-on-Tangible-Asset among Travel & Leisure companies is 2.87, based on 858 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. O-Ta Precision Industry Co's current Return-on-Tangible-Asset of 0.30% is 89.5% 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 O-Ta Precision Industry Co and its competitors. For the Travel & Leisure 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. O-Ta Precision Industry Co's current Return-on-Tangible-Asset is 0.30%, which is 97% below median its own 10-year median of 11.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is O-Ta Precision Industry Co stock overvalued right now?
Based on GuruFocus' analysis, O-Ta Precision Industry Co (ROCO:8924) is currently considered Possible Value Trap. The stock's GF Value™ is NT$83.10, compared to a current price of NT$51.80 — trading 37.7% below its estimated fair value. The current Return-on-Tangible-Asset is 0.30%, which is 97% below median its 10-year median of 11.67 and 89.5% below the Travel & Leisure industry median of 2.87. O-Ta Precision Industry Co's overall GF Score™ is 70/100 with 5 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 O-Ta Precision Industry Co (ROCO:8924), the current Return-on-Tangible-Asset is 0.30% 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 O-Ta Precision Industry Co (ROCO:8924) Overvalued in 2026?
Based on GuruFocus' analysis, O-Ta Precision Industry Co stock appears to be undervalued.
The current stock price of NT$51.80 is trading 37.7% below its estimated GF Value™ of NT$83.10.
GuruFocus considers O-Ta Precision Industry Co to be Possible Value Trap.
Key valuation signals for ROCO:8924:
Return-on-Tangible-Asset: 0.30% (97% below median its 10-year median of 11.67)
GF Value™: NT$83.10 vs. price of NT$51.80 (37.7% below fair value)
Industry Position: 89.5% below the Travel & Leisure median (#205 of 858)
No single metric tells the full story. See the ROCO:8924 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
O-Ta Precision Industry Co Ltd is a Taiwan-based company engaged in manufacturing, processing (outsourced by other businesses), assembly, and sales of golf club heads and semi-finished goods. The company's operating segments are; The Golf equipment segment which generates key revenue and is responsible for manufacturing, processing, and selling golf heads, shafts, and golf equipment; and the Other segments are responsible for manufacturing and selling bicycles and plumbing parts.
70GF Score
Get the complete analysis for ROCO:8924
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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