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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. Shangya Technology Co's annualized net income for the quarter that ended in Dec. 2025 was NT$-117.6 Mil. Shangya Technology Co's average shareholder tangible equity for the quarter that ended in Dec. 2025 was NT$484.7 Mil. Therefore, Shangya Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -24.26%.
The historical rank and industry rank for Shangya Technology Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6130'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -14.97 Med: -6.13 Max: 8.92
Current: -14.97
During the past 13 years, Shangya Technology Co's highest Return-on-Tangible-Equity was 8.92%. The lowest was -14.97%. And the median was -6.13%.
ROCO:6130's Return-on-Tangible-Equity is ranked worse than 82.78% of 900
companies
in the Drug Manufacturers industry
Industry Median: 7.925
vs ROCO:6130: -14.97
Shangya Technology Co (ROCO:6130) 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.
Shangya Technology Co Return-on-Tangible-Equity Related Terms
Shangya Technology Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Shangya Technology 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.
Shangya Technology Co Return-on-Tangible-Equity Chart
ROCO:6130 vs LLY, JNJ, ABBV: Return-on-Tangible-Equity Comparison
For the Drug Manufacturers - General subindustry, Shangya Technology 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.
Shangya Technology Co Return-on-Tangible-Equity vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Shangya Technology Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Shangya Technology 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 -24.26% mean?
Shangya Technology Co (ROCO:6130) has a Return-on-Tangible-Equity of -24.26% 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 Shangya Technology Co and its competitors. According to the industry distribution chart, Shangya Technology Co ranks #745 out of 900 companies in the Drug Manufacturers industry, placing it in the top 82.8%.
Is Shangya Technology Co's Return-on-Tangible-Equity too high?
Shangya Technology Co's current Return-on-Tangible-Equity is -24.26%. Based on the distribution chart, Shangya Technology Co ranks #745 out of 900 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Shangya Technology Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shangya Technology Co's Return-on-Tangible-Equity compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Shangya Technology Co ranks #745 out of 900 companies for Return-on-Tangible-Equity. This places Shangya Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 7.93. 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 Drug Manufacturers company?
The median Return-on-Tangible-Equity among Drug Manufacturers companies is 7.93, based on 900 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 Shangya Technology Co and its competitors. For the Drug Manufacturers industry, the median Return-on-Tangible-Equity is 7.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shangya Technology Co's current Return-on-Tangible-Equity is -24.26%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shangya Technology Co stock overvalued right now?
Based on GuruFocus' analysis, Shangya Technology Co (ROCO:6130) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$30.57, compared to a current price of NT$24.35 — trading 20.3% below its estimated fair value. The current Return-on-Tangible-Equity is -24.26%. Shangya Technology Co's overall GF Score™ is 63/100 with 4 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 Shangya Technology Co (ROCO:6130), the current Return-on-Tangible-Equity is -24.26% 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 Shangya Technology Co (ROCO:6130) Overvalued in 2026?
Based on GuruFocus' analysis, Shangya Technology Co stock appears to be undervalued.
The current stock price of NT$24.35 is trading 20.3% below its estimated GF Value™ of NT$30.57.
GuruFocus considers Shangya Technology Co to be Modestly Undervalued.
Key valuation signals for ROCO:6130:
Return-on-Tangible-Equity: -24.26%
GF Value™: NT$30.57 vs. price of NT$24.35 (20.3% below fair value)
No single metric tells the full story. See the ROCO:6130 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shangya Technology Co Ltd Formerly Singbao International Co Ltd is involved in various activities of research and development. The company's main business activities include research, development, production, and sales of wireless communication integrated circuits, satellite positioning system integrated circuits, and portable product ICs. The company segments are divided into the pharmaceutical business department, the product department, and others. The company derives the majority of its revenue from the pharmaceutical business department. which is responsible for the sales of Western medicines.
63GF Score
Get the complete analysis for ROCO:6130
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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