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Horng Terng Automation CoROCO:7751 -3.38%23 Return-on-Tangible-Equity is 32.56% as of Mar. 2026, which is 19% above its 10-year median of 27.28. GuruFocus rates ROCO:7751 with a GF Score™ of 23/100. The stock has 2 warning signs investors should review. Among 985 Semiconductors companies, Horng Terng Automation Co ranks better than 92.18% 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. Horng Terng Automation Co's annualized net income for the quarter that ended in Mar. 2026 was NT$753 Mil. Horng Terng Automation Co's average shareholder tangible equity for the quarter that ended in Mar. 2026 was NT$2,313 Mil. Therefore, Horng Terng Automation Co's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 32.56%.
The historical rank and industry rank for Horng Terng Automation Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:7751'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 15.72 Med: 27.28 Max: 42.15
Current: 33.43
During the past 5 years, Horng Terng Automation Co's highest Return-on-Tangible-Equity was 42.15%. The lowest was 15.72%. And the median was 27.28%.
ROCO:7751's Return-on-Tangible-Equity is ranked better than 92.18% of 985
companies
in the Semiconductors industry
Industry Median: 5.31
vs ROCO:7751: 33.43
Horng Terng Automation Co (ROCO:7751) 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.
Horng Terng Automation Co Return-on-Tangible-Equity Related Terms
Horng Terng Automation Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Horng Terng Automation 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.
Horng Terng Automation Co Return-on-Tangible-Equity Chart
ROCO:7751 vs AMAT, LRCX, KLAC: Return-on-Tangible-Equity Comparison
For the Semiconductor Equipment & Materials subindustry, Horng Terng Automation 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.
Horng Terng Automation Co Return-on-Tangible-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Horng Terng Automation Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Horng Terng Automation 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 (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 32.56% mean?
Horng Terng Automation Co (ROCO:7751) has a Return-on-Tangible-Equity of 32.56% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Horng Terng Automation Co and its competitors. This is 19% above median its historical median of 27.28. Over the past decade, Horng Terng Automation Co's Return-on-Tangible-Equity has ranged from 15.72 to 42.15. According to the industry distribution chart, Horng Terng Automation Co ranks #77 out of 985 companies in the Semiconductors industry, placing it in the top 7.8%.
Is Horng Terng Automation Co's Return-on-Tangible-Equity too high?
Horng Terng Automation Co's current Return-on-Tangible-Equity of 32.56% is 19% above median its 10-year median of 27.28. Over the past 10 years, this metric has ranged from a low of 15.72 to a high of 42.15. The Semiconductors industry median Return-on-Tangible-Equity is 5.31. Horng Terng Automation Co's value of 32.56% is 513.2% above this industry median. Based on the distribution chart, Horng Terng Automation Co ranks #77 out of 985 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Horng Terng Automation Co has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Horng Terng Automation Co's Return-on-Tangible-Equity compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Horng Terng Automation Co ranks #77 out of 985 companies for Return-on-Tangible-Equity. This places Horng Terng Automation Co in the top 8% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 5.31. Horng Terng Automation Co's value of 32.56% is 513.2% above this benchmark. Historically, Horng Terng Automation Co's own Return-on-Tangible-Equity has ranged from 15.72 to 42.15 over the past decade. While the company's 10-year median is 27.28 vs. the industry median of 5.31, Horng Terng Automation Co 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 Semiconductors company?
The median Return-on-Tangible-Equity among Semiconductors companies is 5.31, based on 985 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. Horng Terng Automation Co's current Return-on-Tangible-Equity of 32.56% is 513.2% 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 Horng Terng Automation Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Equity is 5.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horng Terng Automation Co's current Return-on-Tangible-Equity is 32.56%, which is 19% above median its own 10-year median of 27.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horng Terng Automation Co stock overvalued right now?
Horng Terng Automation Co (ROCO:7751) has a current Return-on-Tangible-Equity of 32.56%. The current Return-on-Tangible-Equity is 32.56%, which is 19% above median its 10-year median of 27.28 and 513.2% above the Semiconductors industry median of 5.31. Horng Terng Automation Co's overall GF Score™ is 23/100 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 Horng Terng Automation Co (ROCO:7751), the current Return-on-Tangible-Equity is 32.56% as of Mar. 2026. 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.
Horng Terng Automation Co Ltd is a Company that concentrates all its efforts on continuous research and development and upgrading of skills, providing complete technologies and equipment to customers, and providing customized equipment development and design, detection efficiency improvement, equipment integration and application, and other immediate and complete solutions based on customer development trends. The Company generates revenue from the research and development, manufacturing, and sale of semiconductor automation equipment. It mainly focuses on the R&D, production, and sale of semiconductor automation equipment.
23GF Score
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