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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Good Finance Securities Co's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$1,621 Mil.
Good Finance Securities Co's average Total Assets over the quarter that ended in Dec. 2025 was NT$31,681 Mil. Therefore, Good Finance Securities Co's annualized ROA % for the quarter that ended in Dec. 2025 was 5.12%.
The historical rank and industry rank for Good Finance Securities Co's ROA % or its related term are showing as below:
ROCO:6021'
s ROA % Range Over the Past 10 Years
Min: -0.73 Med: 1.55 Max: 4.2
Current: 4.2
During the past 13 years, Good Finance Securities Co's highest ROA % was 4.20%. The lowest was -0.73%. And the median was 1.55%.
ROCO:6021's ROA % is ranked better than 70.17% of 818
companies
in the Capital Markets industry
Industry Median: 1.505
vs ROCO:6021: 4.20
Good Finance Securities Co (ROCO:6021) 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 Capital Markets subindustry, Good Finance Securities 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.
Good Finance Securities Co ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Good Finance Securities Co's ROA % distribution charts can be found below:
* The bar in red indicates where Good Finance Securities 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.
Good Finance Securities Co (ROCO:6021) has a ROA % of 5.12% 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 Good Finance Securities Co and its competitors. This is 230% above median its historical median of 1.55. According to the industry distribution chart, Good Finance Securities Co ranks #244 out of 818 companies in the Capital Markets industry, placing it in the top 29.8%.
Is Good Finance Securities Co's ROA % too high?
Good Finance Securities Co's current ROA % of 5.12% is 230% above median its 10-year median of 1.55. The Capital Markets industry median ROA % is 1.51. Good Finance Securities Co's value of 5.12% is 240.2% above this industry median. Based on the distribution chart, Good Finance Securities Co ranks #244 out of 818 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Good Finance Securities Co has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Finance Securities Co's ROA % compare to MS and GS?
According to the Capital Markets industry distribution chart, Good Finance Securities Co ranks #244 out of 818 companies for ROA %. This puts Good Finance Securities Co in the upper half of its industry. The industry median ROA % is 1.51. Good Finance Securities Co's value of 5.12% is 240.2% above this benchmark. While the company's 10-year median is 1.55 vs. the industry median of 1.51, Good Finance Securities 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 Capital Markets company?
The median ROA % among Capital Markets companies is 1.51, based on 818 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. Good Finance Securities Co's current ROA % of 5.12% is 240.2% 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 Good Finance Securities Co and its competitors. For the Capital Markets industry, the median ROA % is 1.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Good Finance Securities Co's current ROA % is 5.12%, which is 230% above median its own 10-year median of 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Finance Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Good Finance Securities Co (ROCO:6021) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$24.55, compared to a current price of NT$37.95 — trading 54.6% above its estimated fair value. The current ROA % is 5.12%, which is 230% above median its 10-year median of 1.55 and 240.2% above the Capital Markets industry median of 1.51. Good Finance Securities Co's overall GF Score™ is 64/100 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 Good Finance Securities Co (ROCO:6021), the current ROA % is 5.12% 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 Good Finance Securities Co (ROCO:6021) Overvalued in 2026?
Based on GuruFocus' analysis, Good Finance Securities Co stock appears to be overvalued.
The current stock price of NT$37.95 is trading 54.6% above its estimated GF Value™ of NT$24.55.
GuruFocus considers Good Finance Securities Co to be Significantly Overvalued.
Key valuation signals for ROCO:6021:
ROA %: 5.12% (230% above median its 10-year median of 1.55)
GF Value™: NT$24.55 vs. price of NT$37.95 (54.6% above fair value)
Industry Position: 240.2% above the Capital Markets median (#244 of 818)
No single metric tells the full story. See the ROCO:6021 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Good Finance Securities Co Ltd is a security company. The company operates its businesses through security brokerage, proprietary business, and underwriting, and hedging business. The company provides its services to individuals and corporate clients. The reportable segments of the Group are Client partner segment, Investment segment, Investment bank segment, Futures segment and others. Majority of revenue is generated from Investment segment. Investment segment is responsible for securities dealing, bonds dealing, trading of financial instruments relating to interest rate and bills and bonds under repurchase or resale agreements followed by Client partner segment, Futures segment, and Investment bank segment.
64GF Score
Get the complete analysis for ROCO:6021
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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