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Ushine PhotonicsROCO:3678 -1.96%77 ROA % is 11.68% as of Dec. 2025, which is 684% above its 10-year median of 1.49. GuruFocus rates ROCO:3678 with a GF Score™ of 77/100 and a GF Value™ of NT$57.68 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,612 Chemicals companies, Ushine Photonics ranks better than 83.13% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Ushine Photonics's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$105.5 Mil.
Ushine Photonics's average Total Assets over the quarter that ended in Dec. 2025 was NT$903.1 Mil. Therefore, Ushine Photonics's annualized ROA % for the quarter that ended in Dec. 2025 was 11.68%.
The historical rank and industry rank for Ushine Photonics's ROA % or its related term are showing as below:
ROCO:3678'
s ROA % Range Over the Past 10 Years
Min: -3.3 Med: 1.49 Max: 25.08
Current: 8.17
During the past 13 years, Ushine Photonics's highest ROA % was 25.08%. The lowest was -3.30%. And the median was 1.49%.
ROCO:3678's ROA % is ranked better than 83.13% of 1612
companies
in the Chemicals industry
Industry Median: 2.915
vs ROCO:3678: 8.17
Ushine Photonics (ROCO:3678) 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 two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
Ushine Photonics ROA % Related Terms
Ushine Photonics ROA % Historical Data
* Premium members only.
The historical data trend for Ushine Photonics's ROA % 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.
For the Chemicals subindustry, Ushine Photonics'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.
Ushine Photonics ROA % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ushine Photonics's ROA % distribution charts can be found below:
* The bar in red indicates where Ushine Photonics'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 two times the semi-annual (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Ushine Photonics (ROCO:3678) has a ROA % of 11.68% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Ushine Photonics and its competitors. This is 684% above median its historical median of 1.49. According to the industry distribution chart, Ushine Photonics ranks #272 out of 1612 companies in the Chemicals industry, placing it in the top 16.9%.
Is Ushine Photonics' ROA % too high?
Ushine Photonics' current ROA % of 11.68% is 684% above median its 10-year median of 1.49. The Chemicals industry median ROA % is 2.92. Ushine Photonics' value of 11.68% is 300.7% above this industry median. Based on the distribution chart, Ushine Photonics ranks #272 out of 1612 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Ushine Photonics has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ushine Photonics' ROA % compare to DOW?
According to the Chemicals industry distribution chart, Ushine Photonics ranks #272 out of 1612 companies for ROA %. This places Ushine Photonics in the top 17% of its industry — outperforming the majority of peers. The industry median ROA % is 2.92. Ushine Photonics' value of 11.68% is 300.7% above this benchmark. While the company's 10-year median is 1.49 vs. the industry median of 2.92, Ushine Photonics 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 ROA % for a Chemicals company?
The median ROA % among Chemicals companies is 2.92, based on 1,612 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. Ushine Photonics's current ROA % of 11.68% is 300.7% 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 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 Ushine Photonics and its competitors. For the Chemicals industry, the median ROA % is 2.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ushine Photonics's current ROA % is 11.68%, which is 684% above median its own 10-year median of 1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ushine Photonics stock overvalued right now?
Based on GuruFocus' analysis, Ushine Photonics (ROCO:3678) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$57.68, compared to a current price of NT$50.00 — trading 13.3% below its estimated fair value. The current ROA % is 11.68%, which is 684% above median its 10-year median of 1.49 and 300.7% above the Chemicals industry median of 2.92. Ushine Photonics' overall GF Score™ is 77/100 with 2 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 Ushine Photonics (ROCO:3678), the current ROA % is 11.68% 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 Ushine Photonics (ROCO:3678) Overvalued in 2026?
Based on GuruFocus' analysis, Ushine Photonics stock appears to be undervalued.
The current stock price of NT$50.00 is trading 13.3% below its estimated GF Value™ of NT$57.68.
GuruFocus considers Ushine Photonics to be Modestly Undervalued.
Key valuation signals for ROCO:3678:
ROA %: 11.68% (684% above median its 10-year median of 1.49)
GF Value™: NT$57.68 vs. price of NT$50.00 (13.3% below fair value)
Industry Position: 300.7% above the Chemicals median (#272 of 1612)
No single metric tells the full story. See the ROCO:3678 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ushine Photonics Corp produces indium tin oxide film products for the touch panel and display industries. Its products include ITO-films for resistive touch panels, Low resistivity TCO-films, Optical Clear Adhesives, and Anti-static protective film. It is specialized in material analysis, roll-to-roll vacuum coater design, and reactive sputtering process.
77GF Score
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