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JD Development CoROCO:4402 -0.31%54 Return-on-Tangible-Equity is -0.97% as of Dec. 2025. GuruFocus rates ROCO:4402 with a GF Score™ of 54/100 and a GF Value™ of NT$8.84 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,013 Manufacturing - Apparel & Accessories companies, JD Development Co ranks worse than 75.72% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. JD Development Co's annualized net income for the quarter that ended in Dec. 2025 was NT$-5.80 Mil. JD Development Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$597.86 Mil. Therefore, JD Development Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -0.97%.
The historical rank and industry rank for JD Development Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:4402'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -127.85 Med: -4.09 Max: 145.68
Current: -1.46
During the past 13 years, JD Development Co's highest Return-on-Tangible-Equity was 145.68%. The lowest was -127.85%. And the median was -4.09%.
ROCO:4402's Return-on-Tangible-Equity is ranked worse than 75.72% of 1013
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs ROCO:4402: -1.46
JD Development Co (ROCO:4402) 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.
JD Development Co Return-on-Tangible-Equity Related Terms
JD Development Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for JD Development 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.
JD Development Co Return-on-Tangible-Equity Competitor Comparison
For the Textile Manufacturing subindustry, JD Development 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.
JD Development Co Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, JD Development Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where JD Development 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 -0.97% mean?
JD Development Co (ROCO:4402) has a Return-on-Tangible-Equity of -0.97% 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 JD Development Co and its competitors. According to the industry distribution chart, JD Development Co ranks #767 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 75.7%.
Is JD Development Co's Return-on-Tangible-Equity too high?
JD Development Co's current Return-on-Tangible-Equity is -0.97%. Based on the distribution chart, JD Development Co ranks #767 out of 1013 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, JD Development Co has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JD Development Co's Return-on-Tangible-Equity compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, JD Development Co ranks #767 out of 1013 companies for Return-on-Tangible-Equity. This places JD Development Co in the lower half of its industry. 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 1,013 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 JD Development Co 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. JD Development Co's current Return-on-Tangible-Equity is -0.97%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JD Development Co stock overvalued right now?
Based on GuruFocus' analysis, JD Development Co (ROCO:4402) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8.84, compared to a current price of NT$16.30 — trading 84.4% above its estimated fair value. The current Return-on-Tangible-Equity is -0.97%. JD Development Co's overall GF Score™ is 54/100 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 JD Development Co (ROCO:4402), the current Return-on-Tangible-Equity is -0.97% 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 JD Development Co (ROCO:4402) Overvalued in 2026?
Based on GuruFocus' analysis, JD Development Co stock appears to be overvalued.
The current stock price of NT$16.30 is trading 84.4% above its estimated GF Value™ of NT$8.84.
GuruFocus considers JD Development Co to be Significantly Overvalued.
Key valuation signals for ROCO:4402:
Return-on-Tangible-Equity: -0.97%
GF Value™: NT$8.84 vs. price of NT$16.30 (84.4% above fair value)
No single metric tells the full story. See the ROCO:4402 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JD Development Co Ltd business activities are cotton woven fabric manufacturing, silk weaving, linen weaving, cotton weaving, woolen fabric wholesale and renewable energy power generation. The company has two segments Textile Department: mainly engaged in the manufacturing, trading, and processing of textile products; and Electricity Sales Department: mainly engaged in electricity generation from solar power equipment. The company generates majority of revenue from textile department segment. Its products are Textile, Green Energy, and Medical Materials. The company has presence in Taiwan and Asia. The company generates majority of revenue from Taiwan.
54GF Score
Get the complete analysis for ROCO:4402
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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