ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Giga Solar Materials's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$196 Mil.
Giga Solar Materials's average Total Assets over the quarter that ended in Dec. 2025 was NT$12,218 Mil. Therefore, Giga Solar Materials's annualized ROA % for the quarter that ended in Dec. 2025 was 1.60%.
The historical rank and industry rank for Giga Solar Materials's ROA % or its related term are showing as below:
ROCO:3691'
s ROA % Range Over the Past 10 Years
Min: -6.84 Med: -3.48 Max: 9.49
Current: -5.86
During the past 13 years, Giga Solar Materials's highest ROA % was 9.49%. The lowest was -6.84%. And the median was -3.48%.
ROCO:3691's ROA % is ranked worse than 78.75% of 1026
companies
in the Semiconductors industry
Industry Median: 2.45
vs ROCO:3691: -5.86
Giga Solar Materials (ROCO:3691) 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 (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (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.
* 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 Solar subindustry, Giga Solar Materials'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.
Giga Solar Materials ROA % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Giga Solar Materials's ROA % distribution charts can be found below:
* The bar in red indicates where Giga Solar Materials'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 (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Giga Solar Materials (ROCO:3691) has a ROA % of 1.60% 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 Giga Solar Materials and its competitors. According to the industry distribution chart, Giga Solar Materials ranks #808 out of 1026 companies in the Semiconductors industry, placing it in the top 78.8%.
Is Giga Solar Materials' ROA % too high?
Giga Solar Materials' current ROA % is 1.60%. The Semiconductors industry median ROA % is 2.45. Giga Solar Materials' value of 1.60% is 34.7% below this industry median. Based on the distribution chart, Giga Solar Materials ranks #808 out of 1026 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Giga Solar Materials has a GF Score™ of 42/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Giga Solar Materials' ROA % compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Giga Solar Materials ranks #808 out of 1026 companies for ROA %. This places Giga Solar Materials in the lower half of its industry. The industry median ROA % is 2.45. Giga Solar Materials' value of 1.60% is 34.7% 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 Semiconductors company?
The median ROA % among Semiconductors companies is 2.45, based on 1,026 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. Giga Solar Materials's current ROA % of 1.60% is 34.7% 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 Giga Solar Materials and its competitors. For the Semiconductors industry, the median ROA % is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Giga Solar Materials's current ROA % is 1.60%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Giga Solar Materials stock overvalued right now?
Based on GuruFocus' analysis, Giga Solar Materials (ROCO:3691) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$101.40, compared to a current price of NT$154.50 — trading 52.4% above its estimated fair value. The current ROA % is 1.60% and 34.7% below the Semiconductors industry median of 2.45. Giga Solar Materials' overall GF Score™ is 42/100 with 9 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 Giga Solar Materials (ROCO:3691), the current ROA % is 1.60% 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 Giga Solar Materials (ROCO:3691) Overvalued in 2026?
Based on GuruFocus' analysis, Giga Solar Materials stock appears to be overvalued.
The current stock price of NT$154.50 is trading 52.4% above its estimated GF Value™ of NT$101.40.
GuruFocus considers Giga Solar Materials to be Significantly Overvalued.
Key valuation signals for ROCO:3691:
ROA %: 1.60%
GF Value™: NT$101.40 vs. price of NT$154.50 (52.4% above fair value)
Industry Position: 34.7% below the Semiconductors median (#808 of 1026)
No single metric tells the full story. See the ROCO:3691 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Giga Solar Materials Corp is engaged in the research and development (R&D), manufacturing, and sales of solar conductive plasma. Its product includes Conductive Paste for Photovoltaic Cells, Quality Assurance System for Conductive Paste, Solutions to Solar Energy Cells and Li-ion Battery Materials.
42GF Score
Get the complete analysis for ROCO:3691
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