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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Tang Eng Iron Works Co's annualizedNet Income for the quarter that ended in Jun. 2026 was NT$310 Mil.
Tang Eng Iron Works Co's average Total Assets over the quarter that ended in Jun. 2026 was NT$18,229 Mil. Therefore, Tang Eng Iron Works Co's annualized ROA % for the quarter that ended in Jun. 2026 was 1.70%.
The historical rank and industry rank for Tang Eng Iron Works Co's ROA % or its related term are showing as below:
ROCO:2035'
s ROA % Range Over the Past 10 Years
Min: -9.4 Med: -2.44 Max: 8.42
Current: -3.23
During the past 13 years, Tang Eng Iron Works Co's highest ROA % was 8.42%. The lowest was -9.40%. And the median was -2.44%.
ROCO:2035's ROA % is ranked worse than 84.02% of 632
companies
in the Steel industry
Industry Median: 2.36
vs ROCO:2035: -3.23
Tang Eng Iron Works Co (ROCO:2035) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Jun. 2026) net income data. The Revenue data used here is four times the quarterly (Jun. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Steel subindustry, Tang Eng Iron Works Co's ROA %, along with its competitors' market caps and ROA % 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.
Tang Eng Iron Works Co ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Tang Eng Iron Works Co's ROA % distribution charts can be found below:
* The bar in red indicates where Tang Eng Iron Works Co's ROA % 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 ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jun. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Tang Eng Iron Works Co (ROCO:2035) has a ROA % of 1.70% as of Jun. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Tang Eng Iron Works Co and its competitors. According to the industry distribution chart, Tang Eng Iron Works Co ranks #531 out of 632 companies in the Steel industry, placing it in the top 84%.
Is Tang Eng Iron Works Co's ROA % too high?
Tang Eng Iron Works Co's current ROA % is 1.70%. The Steel industry median ROA % is 2.36. Tang Eng Iron Works Co's value of 1.70% is 28% below this industry median. Based on the distribution chart, Tang Eng Iron Works Co ranks #531 out of 632 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Tang Eng Iron Works Co has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tang Eng Iron Works Co's ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Tang Eng Iron Works Co ranks #531 out of 632 companies for ROA %. This places Tang Eng Iron Works Co in the lower half of its industry. The industry median ROA % is 2.36. Tang Eng Iron Works Co's value of 1.70% is 28% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Steel company?
The median ROA % among Steel companies is 2.36, based on 632 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tang Eng Iron Works Co's current ROA % of 1.70% is 28% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Tang Eng Iron Works Co and its competitors. For the Steel industry, the median ROA % is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tang Eng Iron Works Co's current ROA % is 1.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tang Eng Iron Works Co stock overvalued right now?
Based on GuruFocus' analysis, Tang Eng Iron Works Co (ROCO:2035) is currently considered Fairly Valued. The stock's GF Value™ is NT$26.51, compared to a current price of NT$26.60 — trading 0.3% above its estimated fair value. The current ROA % is 1.70% and 28% below the Steel industry median of 2.36. Tang Eng Iron Works Co's overall GF Score™ is 48/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Tang Eng Iron Works Co (ROCO:2035), the current ROA % is 1.70% 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.
Is Tang Eng Iron Works Co (ROCO:2035) Overvalued in 2026?
Based on GuruFocus' analysis, Tang Eng Iron Works Co stock appears to be overvalued.
The current stock price of NT$26.60 is trading 0.3% above its estimated GF Value™ of NT$26.51.
GuruFocus considers Tang Eng Iron Works Co to be Fairly Valued.
Key valuation signals for ROCO:2035:
ROA %: 1.70%
GF Value™: NT$26.51 vs. price of NT$26.60 (0.3% above fair value)
Industry Position: 28% below the Steel median (#531 of 632)
No single metric tells the full story. See the ROCO:2035 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tang Eng Iron Works Co Ltd is engaged in the manufacture and trading of stainless steel products. Its products include Anti-bacterial Stainless-Steel Coils and Products; Crimped Steel Board; Anti-bacterial Stainless-Steel Products; Duplex Stainless Steel; and Precipitation Hardening Stainless Steel. The company has only one reportable segment: the stainless steel segment that mainly manufactures and trades stainless steel products.
48GF Score
Get the complete analysis for ROCO:2035
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