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Morn Sun Feed Mill CoROCO:1240 -0.91%85 Return-on-Tangible-Equity is 12.20% as of Dec. 2025, which is 4% below its 10-year median of 12.70. GuruFocus rates ROCO:1240 with a GF Score™ of 85/100 and a GF Value™ of NT$43.74 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,881 Consumer Packaged Goods companies, Morn Sun Feed Mill Co ranks better than 70.6% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Morn Sun Feed Mill Co's annualized net income for the quarter that ended in Dec. 2025 was NT$180 Mil. Morn Sun Feed Mill Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$1,477 Mil. Therefore, Morn Sun Feed Mill Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 12.20%.
The historical rank and industry rank for Morn Sun Feed Mill Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:1240'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.45 Med: 12.7 Max: 26.37
Current: 14.8
During the past 13 years, Morn Sun Feed Mill Co's highest Return-on-Tangible-Equity was 26.37%. The lowest was 0.45%. And the median was 12.70%.
ROCO:1240's Return-on-Tangible-Equity is ranked better than 70.6% of 1881
companies
in the Consumer Packaged Goods industry
Industry Median: 7.86
vs ROCO:1240: 14.80
Morn Sun Feed Mill Co (ROCO:1240) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Morn Sun Feed Mill Co Return-on-Tangible-Equity Related Terms
Morn Sun Feed Mill Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Morn Sun Feed Mill Co's Return-on-Tangible-Equity 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.
Morn Sun Feed Mill Co Return-on-Tangible-Equity Chart
ROCO:1240 vs ADM, BG, TSN: Return-on-Tangible-Equity Comparison
For the Farm Products subindustry, Morn Sun Feed Mill Co's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Morn Sun Feed Mill Co Return-on-Tangible-Equity vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Morn Sun Feed Mill Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Morn Sun Feed Mill Co's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 12.20% mean?
Morn Sun Feed Mill Co (ROCO:1240) has a Return-on-Tangible-Equity of 12.20% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Morn Sun Feed Mill Co and its competitors. This is near median its historical median of 12.70. Over the past decade, Morn Sun Feed Mill Co's Return-on-Tangible-Equity has ranged from 0.45 to 26.37. According to the industry distribution chart, Morn Sun Feed Mill Co ranks #553 out of 1881 companies in the Consumer Packaged Goods industry, placing it in the top 29.4%.
Is Morn Sun Feed Mill Co's Return-on-Tangible-Equity too high?
Morn Sun Feed Mill Co's current Return-on-Tangible-Equity of 12.20% is near median its 10-year median of 12.70. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 26.37. The Consumer Packaged Goods industry median Return-on-Tangible-Equity is 7.86. Morn Sun Feed Mill Co's value of 12.20% is 55.2% above this industry median. Based on the distribution chart, Morn Sun Feed Mill Co ranks #553 out of 1881 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Morn Sun Feed Mill Co has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Morn Sun Feed Mill Co's Return-on-Tangible-Equity compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Morn Sun Feed Mill Co ranks #553 out of 1881 companies for Return-on-Tangible-Equity. This puts Morn Sun Feed Mill Co in the upper half of its industry. The industry median Return-on-Tangible-Equity is 7.86. Morn Sun Feed Mill Co's value of 12.20% is 55.2% above this benchmark. Historically, Morn Sun Feed Mill Co's own Return-on-Tangible-Equity has ranged from 0.45 to 26.37 over the past decade. While the company's 10-year median is 12.70 vs. the industry median of 7.86, Morn Sun Feed Mill 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-Equity for a Consumer Packaged Goods company?
The median Return-on-Tangible-Equity among Consumer Packaged Goods companies is 7.86, based on 1,881 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Morn Sun Feed Mill Co's current Return-on-Tangible-Equity of 12.20% is 55.2% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Morn Sun Feed Mill Co and its competitors. For the Consumer Packaged Goods industry, the median Return-on-Tangible-Equity is 7.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Morn Sun Feed Mill Co's current Return-on-Tangible-Equity is 12.20%, which is near median its own 10-year median of 12.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Morn Sun Feed Mill Co stock overvalued right now?
Based on GuruFocus' analysis, Morn Sun Feed Mill Co (ROCO:1240) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$43.74, compared to a current price of NT$54.70 — trading 25.1% above its estimated fair value. The current Return-on-Tangible-Equity is 12.20%, which is near median its 10-year median of 12.70 and 55.2% above the Consumer Packaged Goods industry median of 7.86. Morn Sun Feed Mill Co's overall GF Score™ is 85/100 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-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Morn Sun Feed Mill Co (ROCO:1240), the current Return-on-Tangible-Equity is 12.20% as of Dec. 2025. 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 Morn Sun Feed Mill Co (ROCO:1240) Overvalued in 2026?
Based on GuruFocus' analysis, Morn Sun Feed Mill Co stock appears to be overvalued.
The current stock price of NT$54.70 is trading 25.1% above its estimated GF Value™ of NT$43.74.
GuruFocus considers Morn Sun Feed Mill Co to be Modestly Overvalued.
Key valuation signals for ROCO:1240:
Return-on-Tangible-Equity: 12.20% (near median its 10-year median of 12.70)
GF Value™: NT$43.74 vs. price of NT$54.70 (25.1% above fair value)
Industry Position: 55.2% above the Consumer Packaged Goods median (#553 of 1881)
No single metric tells the full story. See the ROCO:1240 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Morn Sun Feed Mill Co Ltd is engaged in the manufacture and processing and the sale of feed and raw materials trading of rice shells, flour, soybeans, barley and wheat and assorted grains, and feeding of domestic livestock and poultry, etc. Reportable segments of the Group are the Feed Segment, Egg Product Segment, Breeding Segment and other segments. The company generates maximum of its revenue from the Feed Segment. It also generates revenue from warehouse rental income and sales of breeding pigs.
85GF Score
Get the complete analysis for ROCO:1240
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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