TSRCTPE:2103 -5.59%66 ROA % is 2.54% as of Dec. 2025, which is 5% below its 10-year median of 2.67. GuruFocus rates TPE:2103 with a GF Score™ of 66/100 and a GF Value™ of NT$26.56 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 1,619 Chemicals companies, TSRC ranks worse than 64.67% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. TSRC's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$1,075 Mil.
TSRC's average Total Assets over the quarter that ended in Dec. 2025 was NT$42,300 Mil. Therefore, TSRC's annualized ROA % for the quarter that ended in Dec. 2025 was 2.54%.
The historical rank and industry rank for TSRC's ROA % or its related term are showing as below:
TPE:2103'
s ROA % Range Over the Past 10 Years
Min: -0.07 Med: 2.67 Max: 12.66
Current: 1.05
During the past 13 years, TSRC's highest ROA % was 12.66%. The lowest was -0.07%. And the median was 2.67%.
TPE:2103's ROA % is ranked worse than 64.67% of 1619
companies
in the Chemicals industry
Industry Median: 2.9
vs TPE:2103: 1.05
TSRC (TPE:2103) 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.
TSRC ROA % Related Terms
TSRC ROA % Historical Data
* Premium members only.
The historical data trend for TSRC'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 Specialty Chemicals subindustry, TSRC'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.
TSRC ROA % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, TSRC's ROA % distribution charts can be found below:
* The bar in red indicates where TSRC'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.
TSRC (TPE:2103) has a ROA % of 2.54% 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 TSRC and its competitors. This is near median its historical median of 2.67. According to the industry distribution chart, TSRC ranks #1047 out of 1619 companies in the Chemicals industry, placing it in the top 64.7%.
Is TSRC's ROA % too high?
TSRC's current ROA % of 2.54% is near median its 10-year median of 2.67. The Chemicals industry median ROA % is 2.90. TSRC's value of 2.54% is 12.4% below this industry median. Based on the distribution chart, TSRC ranks #1047 out of 1619 companies in the Chemicals industry, which is below the industry midpoint. Overall, TSRC has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TSRC's ROA % compare to LIN and SHW?
According to the Chemicals industry distribution chart, TSRC ranks #1047 out of 1619 companies for ROA %. This places TSRC in the lower half of its industry. The industry median ROA % is 2.90. TSRC's value of 2.54% is 12.4% below this benchmark. While the company's 10-year median is 2.67 vs. the industry median of 2.90, TSRC has consistently been below 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 2.90, based on 1,619 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. TSRC's current ROA % of 2.54% is 12.4% 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 TSRC and its competitors. For the Chemicals industry, the median ROA % is 2.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSRC's current ROA % is 2.54%, which is near median its own 10-year median of 2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSRC stock overvalued right now?
Based on GuruFocus' analysis, TSRC (TPE:2103) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$26.56, compared to a current price of NT$20.25 — trading 23.8% below its estimated fair value. The current ROA % is 2.54%, which is near median its 10-year median of 2.67 and 12.4% below the Chemicals industry median of 2.90. TSRC's overall GF Score™ is 66/100 with 11 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 TSRC (TPE:2103), the current ROA % is 2.54% 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 TSRC (TPE:2103) Overvalued in 2026?
Based on GuruFocus' analysis, TSRC stock appears to be undervalued.
The current stock price of NT$20.25 is trading 23.8% below its estimated GF Value™ of NT$26.56.
GuruFocus considers TSRC to be Modestly Undervalued.
Key valuation signals for TPE:2103:
ROA %: 2.54% (near median its 10-year median of 2.67)
GF Value™: NT$26.56 vs. price of NT$20.25 (23.8% below fair value)
Industry Position: 12.4% below the Chemicals median (#1047 of 1619)
No single metric tells the full story. See the TPE:2103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSRC Corporation is a rubber manufacturer based out of Taiwan. The company offers tire products globally, with Asian markets accounting for the majority of the company's sales. Product offerings are divided into the Synthetic Rubber business and Applied polymer business. Under the Synthetic Rubber business, tires are built to improve abrasion resistance and provide low rolling resistance and wet grip resistance. Consumers of TSRC Corp tire products depend on products to deliver reduced fuel consumption and meet a host of regulations and environmental conditions. Products under the Applied Polymers business are often used in high-grade shoe soles, asphalt modification, plastic modification, adhesives, and other end markets. Its geographical segments are Asia, America, Europe, and Others.
66GF Score
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