ICARES MedicusROCO:6612 +0.42%84 ROA % is 2.35% as of Dec. 2025, which is 64% below its 10-year median of 6.54. GuruFocus rates ROCO:6612 with a GF Score™ of 84/100 and a GF Value™ of NT$189.06 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 857 Medical Devices & Instruments companies, ICARES Medicus ranks better than 54.61% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. ICARES Medicus's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$74 Mil.
ICARES Medicus's average Total Assets over the quarter that ended in Dec. 2025 was NT$3,160 Mil. Therefore, ICARES Medicus's annualized ROA % for the quarter that ended in Dec. 2025 was 2.35%.
The historical rank and industry rank for ICARES Medicus's ROA % or its related term are showing as below:
ROCO:6612'
s ROA % Range Over the Past 10 Years
Min: 1.66 Med: 6.54 Max: 13.83
Current: 1.66
During the past 13 years, ICARES Medicus's highest ROA % was 13.83%. The lowest was 1.66%. And the median was 6.54%.
ROCO:6612's ROA % is ranked better than 54.61% of 857
companies
in the Medical Devices & Instruments industry
Industry Median: 0.54
vs ROCO:6612: 1.66
ICARES Medicus (ROCO:6612) 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.
ICARES Medicus ROA % Related Terms
ICARES Medicus ROA % Historical Data
* Premium members only.
The historical data trend for ICARES Medicus'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 Medical Instruments & Supplies subindustry, ICARES Medicus'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.
ICARES Medicus ROA % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, ICARES Medicus's ROA % distribution charts can be found below:
* The bar in red indicates where ICARES Medicus'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.
ICARES Medicus (ROCO:6612) has a ROA % of 2.35% 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 ICARES Medicus and its competitors. This is 64% below median its historical median of 6.54. Over the past decade, ICARES Medicus' ROA % has ranged from 1.66 to 13.83. According to the industry distribution chart, ICARES Medicus ranks #389 out of 857 companies in the Medical Devices & Instruments industry, placing it in the top 45.4%.
Is ICARES Medicus' ROA % too high?
ICARES Medicus' current ROA % of 2.35% is 64% below median its 10-year median of 6.54. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 13.83. The Medical Devices & Instruments industry median ROA % is 0.54. ICARES Medicus' value of 2.35% is 335.2% above this industry median. Based on the distribution chart, ICARES Medicus ranks #389 out of 857 companies in the Medical Devices & Instruments industry, which is above the industry midpoint. Overall, ICARES Medicus has a GF Score™ of 84/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ICARES Medicus' ROA % compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, ICARES Medicus ranks #389 out of 857 companies for ROA %. This puts ICARES Medicus in the upper half of its industry. The industry median ROA % is 0.54. ICARES Medicus' value of 2.35% is 335.2% above this benchmark. Historically, ICARES Medicus' own ROA % has ranged from 1.66 to 13.83 over the past decade. While the company's 10-year median is 6.54 vs. the industry median of 0.54, ICARES Medicus 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 Medical Devices & Instruments company?
The median ROA % among Medical Devices & Instruments companies is 0.54, based on 857 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. ICARES Medicus's current ROA % of 2.35% is 335.2% 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 ICARES Medicus and its competitors. For the Medical Devices & Instruments industry, the median ROA % is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICARES Medicus's current ROA % is 2.35%, which is 64% below median its own 10-year median of 6.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICARES Medicus stock overvalued right now?
Based on GuruFocus' analysis, ICARES Medicus (ROCO:6612) is currently considered Possible Value Trap. The stock's GF Value™ is NT$189.06, compared to a current price of NT$71.60 — trading 62.1% below its estimated fair value. The current ROA % is 2.35%, which is 64% below median its 10-year median of 6.54 and 335.2% above the Medical Devices & Instruments industry median of 0.54. ICARES Medicus' overall GF Score™ is 84/100 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 ICARES Medicus (ROCO:6612), the current ROA % is 2.35% 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 ICARES Medicus (ROCO:6612) Overvalued in 2026?
Based on GuruFocus' analysis, ICARES Medicus stock appears to be undervalued.
The current stock price of NT$71.60 is trading 62.1% below its estimated GF Value™ of NT$189.06.
GuruFocus considers ICARES Medicus to be Possible Value Trap.
Key valuation signals for ROCO:6612:
ROA %: 2.35% (64% below median its 10-year median of 6.54)
GF Value™: NT$189.06 vs. price of NT$71.60 (62.1% below fair value)
Industry Position: 335.2% above the Medical Devices & Instruments median (#389 of 857)
No single metric tells the full story. See the ROCO:6612 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICARES Medicus Inc is engaged in providing high-grade nanomedical lubricious coatings and various surface treatments for implantable or interventional medical devices. In addition, it also designs, develops, manufactures, and sells intraocular lenses and nanomedical devices. The company's operating segments are Europe and America, which derive maximum revenue, China, and R.O.C. Geographically, it generates maximum revenue from the United States, followed by Taiwan, Spain, England, Japan, China, Germany, and other countries.
84GF Score
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