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.
Kwang Ming Silk Mill CoROCO:4420 -1.11%64 ROA % is 2.74% as of Dec. 2025, which is 49% below its 10-year median of 5.35. GuruFocus rates ROCO:4420 with a GF Score™ of 64/100 and a GF Value™ of NT$75.13 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,069 Manufacturing - Apparel & Accessories companies, Kwang Ming Silk Mill Co ranks better than 93.55% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Kwang Ming Silk Mill Co's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$48 Mil.
Kwang Ming Silk Mill Co's average Total Assets over the quarter that ended in Dec. 2025 was NT$1,764 Mil. Therefore, Kwang Ming Silk Mill Co's annualized ROA % for the quarter that ended in Dec. 2025 was 2.74%.
The historical rank and industry rank for Kwang Ming Silk Mill Co's ROA % or its related term are showing as below:
ROCO:4420'
s ROA % Range Over the Past 10 Years
Min: -1.14 Med: 5.35 Max: 61.74
Current: 11.92
During the past 13 years, Kwang Ming Silk Mill Co's highest ROA % was 61.74%. The lowest was -1.14%. And the median was 5.35%.
Kwang Ming Silk Mill Co (ROCO:4420) 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.
Kwang Ming Silk Mill Co ROA % Competitor Comparison
For the Textile Manufacturing subindustry, Kwang Ming Silk Mill 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.
Kwang Ming Silk Mill Co ROA % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kwang Ming Silk Mill Co's ROA % distribution charts can be found below:
* The bar in red indicates where Kwang Ming Silk Mill 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 (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Kwang Ming Silk Mill Co (ROCO:4420) has a ROA % of 2.74% 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 Kwang Ming Silk Mill Co and its competitors. This is 49% below median its historical median of 5.35. According to the industry distribution chart, Kwang Ming Silk Mill Co ranks #69 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 6.5%.
Is Kwang Ming Silk Mill Co's ROA % too high?
Kwang Ming Silk Mill Co's current ROA % of 2.74% is 49% below median its 10-year median of 5.35. The Manufacturing - Apparel & Accessories industry median ROA % is 1.88. Kwang Ming Silk Mill Co's value of 2.74% is 45.7% above this industry median. Based on the distribution chart, Kwang Ming Silk Mill Co ranks #69 out of 1069 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Kwang Ming Silk Mill Co has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kwang Ming Silk Mill Co's ROA % compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kwang Ming Silk Mill Co ranks #69 out of 1069 companies for ROA %. This places Kwang Ming Silk Mill Co in the top 7% of its industry — outperforming the majority of peers. The industry median ROA % is 1.88. Kwang Ming Silk Mill Co's value of 2.74% is 45.7% above this benchmark. While the company's 10-year median is 5.35 vs. the industry median of 1.88, Kwang Ming Silk Mill 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 ROA % for a Manufacturing - Apparel & Accessories company?
The median ROA % among Manufacturing - Apparel & Accessories companies is 1.88, based on 1,069 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. Kwang Ming Silk Mill Co's current ROA % of 2.74% is 45.7% 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 Kwang Ming Silk Mill Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROA % is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kwang Ming Silk Mill Co's current ROA % is 2.74%, which is 49% below median its own 10-year median of 5.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kwang Ming Silk Mill Co stock overvalued right now?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co (ROCO:4420) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$75.13, compared to a current price of NT$35.60 — trading 52.6% below its estimated fair value. The current ROA % is 2.74%, which is 49% below median its 10-year median of 5.35 and 45.7% above the Manufacturing - Apparel & Accessories industry median of 1.88. Kwang Ming Silk Mill Co's overall GF Score™ is 64/100 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 Kwang Ming Silk Mill Co (ROCO:4420), the current ROA % is 2.74% 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 Kwang Ming Silk Mill Co (ROCO:4420) Overvalued in 2026?
Based on GuruFocus' analysis, Kwang Ming Silk Mill Co stock appears to be undervalued.
The current stock price of NT$35.60 is trading 52.6% below its estimated GF Value™ of NT$75.13.
GuruFocus considers Kwang Ming Silk Mill Co to be Significantly Undervalued.
Key valuation signals for ROCO:4420:
ROA %: 2.74% (49% below median its 10-year median of 5.35)
GF Value™: NT$75.13 vs. price of NT$35.60 (52.6% below fair value)
Industry Position: 45.7% above the Manufacturing - Apparel & Accessories median (#69 of 1069)
No single metric tells the full story. See the ROCO:4420 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kwang Ming Silk Mill Co Ltd is mainly engaged in the textile industry, including the manufacture of man-made fibers, dyeing and weaving of fabrics, and the purchase and sale of raw materials, supplies, and finished goods related to fabrics. The Company is also involved in real estate leasing, as well as industrial factory development and rental. It operates through two reportable segments: the Fiber segment, which generates the maximum revenue and is engaged in the manufacture and trading of textured yarn, and the Real Estate Development segment, which focuses on housing, commercial buildings, and factory development and rental.
64GF Score
Get the complete analysis for ROCO:4420
ROA % 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:4420 has been successfully added to your 
