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ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. Concrad International Securities Co's annualized return on capital (ROC %) for the quarter that ended in Dec. 2025 was 3.40%.
As of today (2026-07-15), Concrad International Securities Co's WACC % is 10.81%. Concrad International Securities Co's ROC % is 8.80% (calculated using TTM income statement data).
Concrad International Securities Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Concrad International Securities Co (ROCO:5864) ROC % Explanation
ROC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROIC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, Concrad International Securities Co's WACC % is 10.81%. Concrad International Securities Co's ROC % is 8.80% (calculated using TTM income statement data).
Concrad International Securities Co earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
Like ROE % and ROA %, ROC % is calculated with only 12 months of 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.
Concrad International Securities Co ROC % Related Terms
Concrad International Securities Co ROC % Historical 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.
Note:
The Operating Income data used here is four times the quarterly (Dec. 2025) data.
The tax rate is limited to between 0% and 100%.
* 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.
Concrad International Securities Co (ROCO:5864) has a ROC % of 3.40% as of Dec. 2025. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Concrad International Securities Co and its competitors.
Is Concrad International Securities Co's ROC % too high?
Concrad International Securities Co's current ROC % is 3.40%. The Capital Markets industry median ROC % is 1.34. Concrad International Securities Co's value of 3.40% is 153.7% above this industry median. Overall, Concrad International Securities Co has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Concrad International Securities Co's ROC % compare to MS and GS?
Concrad International Securities Co's ROC % of 3.40% can be compared against companies in the Capital Markets industry. The industry median ROC % is 1.34. Concrad International Securities Co's value of 3.40% is 153.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC % for a Capital Markets company?
The median ROC % among Capital Markets companies is 1.34, based on 698 companies in the industry. Companies in the top quartile (top 25%) have a ROC % significantly above this median, while those in the bottom quartile fall well below. However, ROC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Concrad International Securities Co's current ROC % of 3.40% is 153.7% 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 ROC % mean?
A high ROC % can signal that a stock is expensive relative to its fundamentals. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Concrad International Securities Co and its competitors. For the Capital Markets industry, the median ROC % is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Concrad International Securities Co's current ROC % is 3.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Concrad International Securities Co stock overvalued right now?
Based on GuruFocus' analysis, Concrad International Securities Co (ROCO:5864) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$10.46, compared to a current price of NT$35.20 — trading 236.5% above its estimated fair value. The current ROC % is 3.40% and 153.7% above the Capital Markets industry median of 1.34. Concrad International Securities Co's overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC % calculated?
ROC % is calculated from a company's financial statements. For Concrad International Securities Co (ROCO:5864), the current ROC % is 3.40% 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 Concrad International Securities Co (ROCO:5864) Overvalued in 2026?
Based on GuruFocus' analysis, Concrad International Securities Co stock appears to be overvalued.
The current stock price of NT$35.20 is trading 236.5% above its estimated GF Value™ of NT$10.46.
GuruFocus considers Concrad International Securities Co to be Significantly Overvalued.
Key valuation signals for ROCO:5864:
ROC %: 3.40%
GF Value™: NT$10.46 vs. price of NT$35.20 (236.5% above fair value)
Industry Position: 153.7% above the Capital Markets median
No single metric tells the full story. See the ROCO:5864 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Concrad International Securities Co Business Description
Concrad International Securities Co Ltd is a comprehensive securities firm. It is involved in the following business activities: underwriting of marketable securities; trading of marketable securities on the account of its customers or its own on a centralized securities exchange market; trading of marketable securities at the company's branches; providing margin loan, short sale and refinancing services; futures trading on a proprietary basis; dealing in foreign marketable securities; securities business money lending; and providing other relevant services. The company's operating departments are Brokerage, Self-employed, which derives maximum revenue, Underwriting, and Other.
60GF Score
Get the complete analysis for ROCO:5864
ROC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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