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.
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.
e Ray Technology CoROCO:7932 -7.55%14 Return-on-Tangible-Equity is 17.64% as of Jun. 2026. GuruFocus rates ROCO:7932 with a GF Score™ of 14/100. The stock has 1 warning sign investors should review. Among 1,581 Chemicals companies, e Ray Technology Co ranks worse than 63251.04% 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. e Ray Technology Co's annualized net income for the quarter that ended in Jun. 2026 was NT$ Mil. e Ray Technology Co's average shareholder tangible equity for the quarter that ended in Jun. 2026 was NT$ Mil. Therefore, e Ray Technology Co's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was %.
The historical rank and industry rank for e Ray Technology Co's Return-on-Tangible-Equity or its related term are showing as below:
ROCO:7932's Return-on-Tangible-Equity is not ranked *
in the Chemicals industry.
Industry Median: 6.97 * Ranked among companies with meaningful Return-on-Tangible-Equity only.
e Ray Technology Co (ROCO:7932) 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.
e Ray Technology Co Return-on-Tangible-Equity Related Terms
e Ray Technology Co Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for e Ray 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.
e Ray Technology Co Return-on-Tangible-Equity Chart
e Ray Technology Co Annual Data
Trend
Return-on-Tangible-Equity
e Ray Technology Co Semi-Annual Data
Jun26
Return-on-Tangible-Equity
17.64
ROCO:7932 vs : Return-on-Tangible-Equity Comparison
For the Specialty Chemicals subindustry, e Ray 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.
e Ray Technology Co Return-on-Tangible-Equity vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, e Ray Technology Co's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where e Ray 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 two times the semi-annual (Jun. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 17.64% mean?
e Ray Technology Co (ROCO:7932) has a Return-on-Tangible-Equity of 17.64% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on e Ray Technology Co and its competitors. According to the industry distribution chart, e Ray Technology Co ranks #999999 out of 1581 companies in the Chemicals industry.
Is e Ray Technology Co's Return-on-Tangible-Equity too high?
e Ray Technology Co's current Return-on-Tangible-Equity is 17.64%. The Chemicals industry median Return-on-Tangible-Equity is 6.97. e Ray Technology Co's value of 17.64% is 153.1% above this industry median. Based on the distribution chart, e Ray Technology Co ranks #999999 out of 1581 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, e Ray Technology Co has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does e Ray Technology Co's Return-on-Tangible-Equity compare to ?
According to the Chemicals industry distribution chart, e Ray Technology Co ranks #999999 out of 1581 companies for Return-on-Tangible-Equity. This places e Ray Technology Co in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.97. e Ray Technology Co's value of 17.64% is 153.1% above this benchmark. 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 Chemicals company?
The median Return-on-Tangible-Equity among Chemicals companies is 6.97, based on 1,581 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. e Ray Technology Co's current Return-on-Tangible-Equity of 17.64% is 153.1% 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 e Ray Technology Co and its competitors. For the Chemicals industry, the median Return-on-Tangible-Equity is 6.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. e Ray Technology Co's current Return-on-Tangible-Equity is 17.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is e Ray Technology Co stock overvalued right now?
e Ray Technology Co (ROCO:7932) has a current Return-on-Tangible-Equity of 17.64%. The current Return-on-Tangible-Equity is 17.64% and 153.1% above the Chemicals industry median of 6.97. e Ray Technology Co's overall GF Score™ is 14/100 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 e Ray Technology Co (ROCO:7932), the current Return-on-Tangible-Equity is 17.64% as of Jun. 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.
e Ray Technology Co Ltd specializing in the synthesis and purification of specialty materials, it provide the highest quality chemical material solutions for the semiconductor and PCB industries. The group built comprehensive R&D and mass production capabilities around the development of organic light-emitting diode (OLED) materials. It has focused on high-end electronic material resins and semiconductor packaging materials, providing diversified products and integrated services with robust technology and quality management to help customers enhance their market competitiveness. Its Products and Technologies are Advanced Semiconductor Process Materials, CCL Specialty Chemicals, and High-efficiency organometallic catalysts.
14GF Score
Get the complete analysis for ROCO:7932
Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ROCO:7932 has been successfully added to your 
