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HCmed Innovations CoTPE:6934 +1.53%11 Return-on-Tangible-Asset is -26.39% as of Jun. 2026. GuruFocus rates TPE:6934 with a GF Score™ of 11/100. The stock has 2 warning signs investors should review. Among 853 Medical Devices & Instruments companies, HCmed Innovations Co ranks worse than 75.38% 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. HCmed Innovations Co's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$-181.4 Mil. HCmed Innovations Co's average total tangible assets for the quarter that ended in Jun. 2026 was NT$687.5 Mil. Therefore, HCmed Innovations Co's annualized Return-on-Tangible-Asset for the quarter that ended in Jun. 2026 was -26.39%.
The historical rank and industry rank for HCmed Innovations Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:6934'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -121.02 Med: -45.1 Max: -28.23
Current: -28.23
During the past 5 years, HCmed Innovations Co's highest Return-on-Tangible-Asset was -28.23%. The lowest was -121.02%. And the median was -45.10%.
TPE:6934's Return-on-Tangible-Asset is ranked worse than 75.38% of 853
companies
in the Medical Devices & Instruments industry
Industry Median: 0.89
vs TPE:6934: -28.23
HCmed Innovations Co (TPE:6934) 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.
HCmed Innovations Co Return-on-Tangible-Asset Related Terms
HCmed Innovations Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for HCmed Innovations 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.
HCmed Innovations Co Return-on-Tangible-Asset Chart
TPE:6934 vs ABT, SYK, MDT: Return-on-Tangible-Asset Comparison
For the Medical Devices subindustry, HCmed Innovations 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.
HCmed Innovations Co Return-on-Tangible-Asset vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, HCmed Innovations Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where HCmed Innovations 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 -26.39% mean?
HCmed Innovations Co (TPE:6934) has a Return-on-Tangible-Asset of -26.39% 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 HCmed Innovations Co and its competitors. According to the industry distribution chart, HCmed Innovations Co ranks #643 out of 853 companies in the Medical Devices & Instruments industry, placing it in the top 75.4%.
Is HCmed Innovations Co's Return-on-Tangible-Asset too high?
HCmed Innovations Co's current Return-on-Tangible-Asset is -26.39%. Based on the distribution chart, HCmed Innovations Co ranks #643 out of 853 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, HCmed Innovations Co has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does HCmed Innovations Co's Return-on-Tangible-Asset compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, HCmed Innovations Co ranks #643 out of 853 companies for Return-on-Tangible-Asset. This places HCmed Innovations Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 0.89. 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 Medical Devices & Instruments company?
The median Return-on-Tangible-Asset among Medical Devices & Instruments companies is 0.89, based on 853 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. 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 HCmed Innovations Co and its competitors. For the Medical Devices & Instruments industry, the median Return-on-Tangible-Asset is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HCmed Innovations Co's current Return-on-Tangible-Asset is -26.39%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HCmed Innovations Co stock overvalued right now?
HCmed Innovations Co (TPE:6934) has a current Return-on-Tangible-Asset of -26.39%. The current Return-on-Tangible-Asset is -26.39%. HCmed Innovations Co's overall GF Score™ is 11/100 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 HCmed Innovations Co (TPE:6934), the current Return-on-Tangible-Asset is -26.39% 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.
HCmed Innovations Co Ltd is engaged in designing, developing, manufacturing and selling drug delivery system. It is focused on inhalation therapy to create integrated drug nebulizer combination products featuring nebulization therapeutic drugs that include small molecule synthetics and large molecule biologics, as either solutions, suspensions, and even difficult-to-deliver high viscosity drugs. Its product includes Pulmogine. Geographically, the company operates in America, Europe, Asian and African regions.
11GF Score
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