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The historical rank and industry rank for Techzone Technology Materials Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:6947'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 3.18 Med: 9.14 Max: 23.35
Current: 3.21
During the past 7 years, Techzone Technology Materials Co's highest Return-on-Tangible-Equity was 23.35%. The lowest was 3.18%. And the median was 9.14%.
ROCO:6947's Return-on-Tangible-Equity is ranked worse than 61.78% of 225
companies
in the Waste Management industry
Industry Median: 9.67
vs ROCO:6947: 3.21
Techzone Technology Materials Co (ROCO:6947) 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.
Techzone Technology Materials Co Return-on-Tangible-Equity Related Terms
Techzone Technology Materials Co 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.
Techzone Technology Materials Co Return-on-Tangible-Equity Chart
ROCO:6947 vs WM, RSG, WCN: Return-on-Tangible-Equity Comparison
For the Waste Management subindustry, Techzone Technology Materials 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.
Techzone Technology Materials Co Return-on-Tangible-Equity vs Waste Management Industry
For the Waste Management industry and Industrials sector, Techzone Technology Materials Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Techzone Technology Materials 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 two times the semi-annual (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 5.11% mean?
Techzone Technology Materials Co (ROCO:6947) has a Return-on-Tangible-Equity of 5.11% 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 Techzone Technology Materials Co and its competitors. This is 44% below median its historical median of 9.14. Over the past decade, Techzone Technology Materials Co's Return-on-Tangible-Equity has ranged from 3.18 to 23.35. According to the industry distribution chart, Techzone Technology Materials Co ranks #139 out of 225 companies in the Waste Management industry, placing it in the top 61.8%.
Is Techzone Technology Materials Co's Return-on-Tangible-Equity too high?
Techzone Technology Materials Co's current Return-on-Tangible-Equity of 5.11% is 44% below median its 10-year median of 9.14. Over the past 10 years, this metric has ranged from a low of 3.18 to a high of 23.35. The Waste Management industry median Return-on-Tangible-Equity is 9.67. Techzone Technology Materials Co's value of 5.11% is 47.2% below this industry median. Based on the distribution chart, Techzone Technology Materials Co ranks #139 out of 225 companies in the Waste Management industry, which is below the industry midpoint. Overall, Techzone Technology Materials Co has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Techzone Technology Materials Co's Return-on-Tangible-Equity compare to WM and RSG?
According to the Waste Management industry distribution chart, Techzone Technology Materials Co ranks #139 out of 225 companies for Return-on-Tangible-Equity. This places Techzone Technology Materials Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 9.67. Techzone Technology Materials Co's value of 5.11% is 47.2% below this benchmark. Historically, Techzone Technology Materials Co's own Return-on-Tangible-Equity has ranged from 3.18 to 23.35 over the past decade. While the company's 10-year median is 9.14 vs. the industry median of 9.67, Techzone Technology Materials Co has consistently been below 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 Waste Management company?
The median Return-on-Tangible-Equity among Waste Management companies is 9.67, based on 225 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. Techzone Technology Materials Co's current Return-on-Tangible-Equity of 5.11% is 47.2% below 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 Techzone Technology Materials Co and its competitors. For the Waste Management industry, the median Return-on-Tangible-Equity is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techzone Technology Materials Co's current Return-on-Tangible-Equity is 5.11%, which is 44% below median its own 10-year median of 9.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techzone Technology Materials Co stock overvalued right now?
Based on GuruFocus' analysis, Techzone Technology Materials Co (ROCO:6947) is currently considered Possible Value Trap. The stock's GF Value™ is NT$124.96, compared to a current price of NT$80.60 — trading 35.5% below its estimated fair value. The current Return-on-Tangible-Equity is 5.11%, which is 44% below median its 10-year median of 9.14 and 47.2% below the Waste Management industry median of 9.67. Techzone Technology Materials Co's overall GF Score™ is 55/100 with 11 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 Techzone Technology Materials Co (ROCO:6947), the current Return-on-Tangible-Equity is 5.11% 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 Techzone Technology Materials Co (ROCO:6947) Overvalued in 2026?
Based on GuruFocus' analysis, Techzone Technology Materials Co stock appears to be undervalued.
The current stock price of NT$80.60 is trading 35.5% below its estimated GF Value™ of NT$124.96.
GuruFocus considers Techzone Technology Materials Co to be Possible Value Trap.
Key valuation signals for ROCO:6947:
Return-on-Tangible-Equity: 5.11% (44% below median its 10-year median of 9.14)
GF Value™: NT$124.96 vs. price of NT$80.60 (35.5% below fair value)
Industry Position: 47.2% below the Waste Management median (#139 of 225)
No single metric tells the full story. See the ROCO:6947 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techzone Technology Materials Co Business Description
Techzone Technology Materials Co Ltd provides waste treatment and disposal solutions. The company operates an industrial waste treatment center combining incineration treatment, waste heat recovery, and distillation recycling.
55GF Score
Get the complete analysis for ROCO:6947
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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