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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. Skardin Industrial's annualized net income for the quarter that ended in Jun. 2026 was NT$-85.9 Mil. Skardin Industrial's average shareholder tangible equity for the quarter that ended in Jun. 2026 was NT$1,417.7 Mil. Therefore, Skardin Industrial's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was -6.06%.
The historical rank and industry rank for Skardin Industrial's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:3466'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -20.84 Med: -7.59 Max: 5.67
Current: -4.65
During the past 13 years, Skardin Industrial's highest Return-on-Tangible-Equity was 5.67%. The lowest was -20.84%. And the median was -7.59%.
ROCO:3466's Return-on-Tangible-Equity is ranked worse than 77.89% of 2370
companies
in the Hardware industry
Industry Median: 6.35
vs ROCO:3466: -4.65
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.
Skardin Industrial Return-on-Tangible-Equity Related Terms
Skardin Industrial Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Skardin Industrial'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.
ROCO:3466 vs CSCO, MSI, LITE: Return-on-Tangible-Equity Comparison
For the Communication Equipment subindustry, Skardin Industrial'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.
Skardin Industrial Return-on-Tangible-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Skardin Industrial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Skardin Industrial'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 (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -6.06% mean?
Skardin Industrial (ROCO:3466) has a Return-on-Tangible-Equity of -6.06% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Skardin Industrial and its competitors. According to the industry distribution chart, Skardin Industrial ranks #1846 out of 2370 companies in the Hardware industry, placing it in the top 77.9%.
Is Skardin Industrial's Return-on-Tangible-Equity too high?
Skardin Industrial's current Return-on-Tangible-Equity is -6.06%. Based on the distribution chart, Skardin Industrial ranks #1846 out of 2370 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Skardin Industrial has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Skardin Industrial's Return-on-Tangible-Equity compare to CSCO and MSI?
According to the Hardware industry distribution chart, Skardin Industrial ranks #1846 out of 2370 companies for Return-on-Tangible-Equity. This places Skardin Industrial in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.35. 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 Hardware company?
The median Return-on-Tangible-Equity among Hardware companies is 6.35, based on 2,370 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. 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 Skardin Industrial and its competitors. For the Hardware industry, the median Return-on-Tangible-Equity is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Skardin Industrial's current Return-on-Tangible-Equity is -6.06%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Skardin Industrial stock overvalued right now?
Based on GuruFocus' analysis, Skardin Industrial (ROCO:3466) is currently considered Fairly Valued. The stock's GF Value™ is NT$23.81, compared to a current price of NT$24.95 — trading 4.8% above its estimated fair value. The current Return-on-Tangible-Equity is -6.06%. Skardin Industrial's overall GF Score™ is 59/100 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 Skardin Industrial (ROCO:3466), the current Return-on-Tangible-Equity is -6.06% 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.
Is Skardin Industrial (ROCO:3466) Overvalued in 2026?
Based on GuruFocus' analysis, Skardin Industrial stock appears to be overvalued.
The current stock price of NT$24.95 is trading 4.8% above its estimated GF Value™ of NT$23.81.
GuruFocus considers Skardin Industrial to be Fairly Valued.
Key valuation signals for ROCO:3466:
Return-on-Tangible-Equity: -6.06%
GF Value™: NT$23.81 vs. price of NT$24.95 (4.8% above fair value)
No single metric tells the full story. See the ROCO:3466 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Skardin Industrial Corp manufactures and distributes set-top boxes. Its products include analog satellite receivers, digital satellite receivers, digital terrestrial receivers, and digital cable receivers, among others. The company comprises two business activities: the Satellite TV Department and the Renewable Energy Department. The majority of its revenue is derived from the Satellite TV Department, which is engaged in research, development, manufacturing, processing, and sales of satellite TV reception systems.
59GF Score
Get the complete analysis for ROCO:3466
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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