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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. Hsin-Li Chemical Industrial's annualized net income for the quarter that ended in Dec. 2025 was NT$-1,685.7 Mil. Hsin-Li Chemical Industrial's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$3,430.7 Mil. Therefore, Hsin-Li Chemical Industrial's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -49.14%.
The historical rank and industry rank for Hsin-Li Chemical Industrial's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:4303'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -4.64 Med: 12.78 Max: 110.88
Current: 34.94
During the past 13 years, Hsin-Li Chemical Industrial's highest Return-on-Tangible-Equity was 110.88%. The lowest was -4.64%. And the median was 12.78%.
ROCO:4303's Return-on-Tangible-Equity is ranked better than 93.71% of 1017
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs ROCO:4303: 34.94
Hsin-Li Chemical Industrial (ROCO:4303) 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.
Hsin-Li Chemical Industrial Return-on-Tangible-Equity Related Terms
Hsin-Li Chemical Industrial Return-on-Tangible-Equity 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.
Hsin-Li Chemical Industrial Return-on-Tangible-Equity Chart
ROCO:4303 vs NKE, DECK, ONON: Return-on-Tangible-Equity Comparison
For the Footwear & Accessories subindustry, Hsin-Li Chemical 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.
Hsin-Li Chemical Industrial Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hsin-Li Chemical Industrial's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Hsin-Li Chemical 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 (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 -49.14% mean?
Hsin-Li Chemical Industrial (ROCO:4303) has a Return-on-Tangible-Equity of -49.14% 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 Hsin-Li Chemical Industrial and its competitors. According to the industry distribution chart, Hsin-Li Chemical Industrial ranks #64 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 6.3%.
Is Hsin-Li Chemical Industrial's Return-on-Tangible-Equity too high?
Hsin-Li Chemical Industrial's current Return-on-Tangible-Equity is -49.14%. Based on the distribution chart, Hsin-Li Chemical Industrial ranks #64 out of 1017 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Hsin-Li Chemical Industrial has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Hsin-Li Chemical Industrial's Return-on-Tangible-Equity compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Hsin-Li Chemical Industrial ranks #64 out of 1017 companies for Return-on-Tangible-Equity. This places Hsin-Li Chemical Industrial in the top 6% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.43. 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 Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,017 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 Hsin-Li Chemical Industrial and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hsin-Li Chemical Industrial's current Return-on-Tangible-Equity is -49.14%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hsin-Li Chemical Industrial stock overvalued right now?
Based on GuruFocus' analysis, Hsin-Li Chemical Industrial (ROCO:4303) is currently considered Possible Value Trap. The stock's GF Value™ is NT$120.60, compared to a current price of NT$43.70 — trading 63.8% below its estimated fair value. The current Return-on-Tangible-Equity is -49.14%. Hsin-Li Chemical Industrial's overall GF Score™ is 65/100 with 3 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 Hsin-Li Chemical Industrial (ROCO:4303), the current Return-on-Tangible-Equity is -49.14% 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 Hsin-Li Chemical Industrial (ROCO:4303) Overvalued in 2026?
Based on GuruFocus' analysis, Hsin-Li Chemical Industrial stock appears to be undervalued.
The current stock price of NT$43.70 is trading 63.8% below its estimated GF Value™ of NT$120.60.
GuruFocus considers Hsin-Li Chemical Industrial to be Possible Value Trap.
Key valuation signals for ROCO:4303:
Return-on-Tangible-Equity: -49.14%
GF Value™: NT$120.60 vs. price of NT$43.70 (63.8% below fair value)
No single metric tells the full story. See the ROCO:4303 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hsin-Li Chemical Industrial Corp mainly engages in the manufacturing and trading of synthetic leather and plastic leather products. Its business activities include production and manufacturing of various synthetic leathers, product scheduling and inventory management, maintenance of factory equipment, new product development and research, quality inspection and improvement. Its PVC products include PVC simulated leather, PVC pearlescent leather (paper texture), PVC furniture leather, PVC non-slip leather, PVC leather (printed), PVC leather (embossed), and PVC leather (paper texture + embossing). Its PU products include Dry PU, Wet-process PU products (non-slip leather), PU + TPU, PU film printing, and PU waterproof and breathable membrane. Taiwan generates the maximum revenue.
65GF Score
Get the complete analysis for ROCO:4303
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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