Dimerco Data System (ROCO:5403) Return-on-Tangible-Equity: 30.62% (As of Dec. 2025) — 31% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:5403 Dimerco Data System Corp ROCO:5403
92 GF Score
Price NT$94.40
GF Value NT$139.02
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Dimerco Data System Return-on-Tangible-Equity?

Dimerco Data System ROCO:5403 -0.11% 92 Return-on-Tangible-Equity is 30.62% as of Dec. 2025, which is 31% above its 10-year median of 23.41. GuruFocus rates ROCO:5403 with a GF Score™ of 92/100 and a GF Value™ of NT$139.02 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 2,482 Software companies, Dimerco Data System ranks better than 71.92% 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. Dimerco Data System's annualized net income for the quarter that ended in Dec. 2025 was NT$828 Mil. Dimerco Data System's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$2,704 Mil. Therefore, Dimerco Data System's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 30.62%.

The historical rank and industry rank for Dimerco Data System's Return-on-Tangible-Equity or its related term are showing as below:

ROCO:5403' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.14   Med: 23.41   Max: 27.08
Current: 24.76

During the past 13 years, Dimerco Data System's highest Return-on-Tangible-Equity was 27.08%. The lowest was 15.14%. And the median was 23.41%.

ROCO:5403's Return-on-Tangible-Equity is ranked better than
71.92% of 2482 companies
in the Software industry
Industry Median: 8.845 vs ROCO:5403: 24.76

Dimerco Data System  (ROCO:5403) 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.


Dimerco Data System Return-on-Tangible-Equity Related Terms


Dimerco Data System Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Dimerco Data System'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.

Dimerco Data System Return-on-Tangible-Equity Chart

Dimerco Data System Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.52 26.04 27.08 24.47 23.23

Dimerco Data System Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.54 23.04 24.71 21.86 30.62

ROCO:5403 vs UBER, SHOP, CRM: Return-on-Tangible-Equity Comparison

For the Software - Application subindustry, Dimerco Data System'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.


Dimerco Data System Return-on-Tangible-Equity vs Software Industry

For the Software industry and Technology sector, Dimerco Data System's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Dimerco Data System's Return-on-Tangible-Equity falls into.


ROCO:5403
92GF Score
Dimerco Data System Corp ROCO:5403
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dimerco Data System Return-on-Tangible-Equity Calculation

Dimerco Data System's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=632.248/( (2632.871+2810.966 )/ 2 )
=632.248/2721.9185
=23.23 %

Dimerco Data System's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=827.756/( (2596.464+2810.966)/ 2 )
=827.756/2703.715
=30.62 %

* 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 30.62% mean?
Dimerco Data System (ROCO:5403) has a Return-on-Tangible-Equity of 30.62% 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 Dimerco Data System and its competitors. This is 31% above median its historical median of 23.41. Over the past decade, Dimerco Data System's Return-on-Tangible-Equity has ranged from 15.14 to 27.08. According to the industry distribution chart, Dimerco Data System ranks #697 out of 2482 companies in the Software industry, placing it in the top 28.1%.
Is Dimerco Data System's Return-on-Tangible-Equity too high?
Dimerco Data System's current Return-on-Tangible-Equity of 30.62% is 31% above median its 10-year median of 23.41. Over the past 10 years, this metric has ranged from a low of 15.14 to a high of 27.08. The Software industry median Return-on-Tangible-Equity is 8.85. Dimerco Data System's value of 30.62% is 246.2% above this industry median. Based on the distribution chart, Dimerco Data System ranks #697 out of 2482 companies in the Software industry, which is above the industry midpoint. Overall, Dimerco Data System has a GF Score™ of 92/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dimerco Data System's Return-on-Tangible-Equity compare to UBER and SHOP?
According to the Software industry distribution chart, Dimerco Data System ranks #697 out of 2482 companies for Return-on-Tangible-Equity. This puts Dimerco Data System in the upper half of its industry. The industry median Return-on-Tangible-Equity is 8.85. Dimerco Data System's value of 30.62% is 246.2% above this benchmark. Historically, Dimerco Data System's own Return-on-Tangible-Equity has ranged from 15.14 to 27.08 over the past decade. While the company's 10-year median is 23.41 vs. the industry median of 8.85, Dimerco Data System 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 Software company?
The median Return-on-Tangible-Equity among Software companies is 8.85, based on 2,482 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. Dimerco Data System's current Return-on-Tangible-Equity of 30.62% is 246.2% 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 Dimerco Data System and its competitors. For the Software industry, the median Return-on-Tangible-Equity is 8.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dimerco Data System's current Return-on-Tangible-Equity is 30.62%, which is 31% above median its own 10-year median of 23.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dimerco Data System stock overvalued right now?
Based on GuruFocus' analysis, Dimerco Data System (ROCO:5403) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$139.02, compared to a current price of NT$94.40 — trading 32.1% below its estimated fair value. The current Return-on-Tangible-Equity is 30.62%, which is 31% above median its 10-year median of 23.41 and 246.2% above the Software industry median of 8.85. Dimerco Data System's overall GF Score™ is 92/100 with 1 warning sign 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 Dimerco Data System (ROCO:5403), the current Return-on-Tangible-Equity is 30.62% 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 Dimerco Data System (ROCO:5403) Overvalued in 2026?

Based on GuruFocus' analysis, Dimerco Data System stock appears to be undervalued. The current stock price of NT$94.40 is trading 32.1% below its estimated GF Value™ of NT$139.02. GuruFocus considers Dimerco Data System to be Significantly Undervalued.

Key valuation signals for ROCO:5403:

  • Return-on-Tangible-Equity: 30.62% (31% above median its 10-year median of 23.41)
  • GF Value™: NT$139.02 vs. price of NT$94.40 (32.1% below fair value)
  • GF Score™: 92/100 with 1 warning sign
  • Industry Position: 246.2% above the Software median (#697 of 2482)

No single metric tells the full story. See the ROCO:5403 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dimerco Data System Business Description

Address No. 151, Xingai Road, 8th Floor, Neihu District, Taipei, TWN
Dimerco Data System Corp is mainly engaged in the design, development, and sales of various computer software, the agency and sales of computer hardware equipment, computer data processing services, computer information consulting business and computer leasing, etc. The company has three reporting segments, namely the hardware department, the software department, and other departments. The hardware department which generates key revenue, provides services for trading computer hardware equipment. The software department offers services such as enterprise software design and system maintenance.
92GF Score

Get the complete analysis for ROCO:5403

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$94.40
Price
NT$139.02
GF Value