Good Will Instrument CoTPE:2423 -6.01%75 ROA % is 14.50% as of Dec. 2025, which is 50% above its 10-year median of 9.67. GuruFocus rates TPE:2423 with a GF Score™ of 75/100 and a GF Value™ of NT$41.45 (Significantly Overvalued). Among 2,502 Hardware companies, Good Will Instrument Co ranks better than 91.01% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Good Will Instrument Co's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$539 Mil.
Good Will Instrument Co's average Total Assets over the quarter that ended in Dec. 2025 was NT$3,716 Mil. Therefore, Good Will Instrument Co's annualized ROA % for the quarter that ended in Dec. 2025 was 14.50%.
The historical rank and industry rank for Good Will Instrument Co's ROA % or its related term are showing as below:
TPE:2423'
s ROA % Range Over the Past 10 Years
Min: 5.84 Med: 9.67 Max: 11.62
Current: 11.51
During the past 13 years, Good Will Instrument Co's highest ROA % was 11.62%. The lowest was 5.84%. And the median was 9.67%.
TPE:2423's ROA % is ranked better than 91.01% of 2502
companies
in the Hardware industry
Industry Median: 2.265
vs TPE:2423: 11.51
Good Will Instrument Co (TPE:2423) 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 Scientific & Technical Instruments subindustry, Good Will Instrument 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 Will Instrument Co ROA % vs Hardware Industry
For the Hardware industry and Technology sector, Good Will Instrument Co's ROA % distribution charts can be found below:
* The bar in red indicates where Good Will Instrument 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 Will Instrument Co (TPE:2423) has a ROA % of 14.50% 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 Will Instrument Co and its competitors. This is 50% above median its historical median of 9.67. Over the past decade, Good Will Instrument Co's ROA % has ranged from 5.84 to 11.62. According to the industry distribution chart, Good Will Instrument Co ranks #225 out of 2502 companies in the Hardware industry, placing it in the top 9%.
Is Good Will Instrument Co's ROA % too high?
Good Will Instrument Co's current ROA % of 14.50% is 50% above median its 10-year median of 9.67. Over the past 10 years, this metric has ranged from a low of 5.84 to a high of 11.62. The Hardware industry median ROA % is 2.27. Good Will Instrument Co's value of 14.50% is 540.2% above this industry median. Based on the distribution chart, Good Will Instrument Co ranks #225 out of 2502 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Good Will Instrument Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Good Will Instrument Co's ROA % compare to COHR and KEYS?
According to the Hardware industry distribution chart, Good Will Instrument Co ranks #225 out of 2502 companies for ROA %. This places Good Will Instrument Co in the top 9% of its industry — outperforming the majority of peers. The industry median ROA % is 2.27. Good Will Instrument Co's value of 14.50% is 540.2% above this benchmark. Historically, Good Will Instrument Co's own ROA % has ranged from 5.84 to 11.62 over the past decade. While the company's 10-year median is 9.67 vs. the industry median of 2.27, Good Will Instrument 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 Hardware company?
The median ROA % among Hardware companies is 2.27, based on 2,502 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 Will Instrument Co's current ROA % of 14.50% is 540.2% 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 Will Instrument Co and its competitors. For the Hardware industry, the median ROA % is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Good Will Instrument Co's current ROA % is 14.50%, which is 50% above median its own 10-year median of 9.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Will Instrument Co stock overvalued right now?
Based on GuruFocus' analysis, Good Will Instrument Co (TPE:2423) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$41.45, compared to a current price of NT$73.50 — trading 77.3% above its estimated fair value. The current ROA % is 14.50%, which is 50% above median its 10-year median of 9.67 and 540.2% above the Hardware industry median of 2.27. Good Will Instrument Co's overall GF Score™ is 75/100. 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 Will Instrument Co (TPE:2423), the current ROA % is 14.50% 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 Will Instrument Co (TPE:2423) Overvalued in 2026?
Based on GuruFocus' analysis, Good Will Instrument Co stock appears to be overvalued.
The current stock price of NT$73.50 is trading 77.3% above its estimated GF Value™ of NT$41.45.
GuruFocus considers Good Will Instrument Co to be Significantly Overvalued.
Key valuation signals for TPE:2423:
ROA %: 14.50% (50% above median its 10-year median of 9.67)
GF Value™: NT$41.45 vs. price of NT$73.50 (77.3% above fair value)
Industry Position: 540.2% above the Hardware median (#225 of 2502)
No single metric tells the full story. See the TPE:2423 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Good Will Instrument Co Ltd manufactures and sells electrical testing instruments, communication equipment, and related products. Its products include oscilloscopes, spectrum analyzers, signal sources, power supplies, public broadcasting and video monitoring systems, environmental testing equipment, constant temperature and humidity equipment, and vibration test equipment, among others. Geographically, the company generates a majority of its revenue from China and the rest from Japan, Taiwan, America, Europe, and other countries.
75GF Score
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