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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 %. Changing Information Technology's annualized return on capital (ROC %) for the quarter that ended in Jun. 2026 was 79.64%.
As of today (2026-09-05), Changing Information Technology's WACC % is 10.71%. Changing Information Technology's ROC % is 90.51% (calculated using TTM income statement data).
Changing Information Technology generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
Changing Information Technology (ROCO:8272) 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, Changing Information Technology's WACC % is 10.71%. Changing Information Technology's ROC % is 90.51% (calculated using TTM income statement data).
Changing Information Technology generates higher returns on investment than it costs the company to raise the capital needed for that investment. It 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.
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.
Changing Information Technology ROC % Related Terms
Changing Information Technology 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 (Jun. 2026) 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.
Changing Information Technology (ROCO:8272) has a ROC % of 79.64% as of Jun. 2026. Return on capital is the ratio of current-period net income to average two-period capital. View historical data on Changing Information Technology and its competitors.
Is Changing Information Technology's ROC % too high?
Changing Information Technology's current ROC % is 79.64%. The Software industry median ROC % is 3.21. Changing Information Technology's value of 79.64% is 2381% above this industry median. Overall, Changing Information Technology has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Changing Information Technology's ROC % compare to MSFT and PLTR?
Changing Information Technology's ROC % of 79.64% can be compared against companies in the Software industry. The industry median ROC % is 3.21. Changing Information Technology's value of 79.64% is 2381% 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 Software company?
The median ROC % among Software companies is 3.21, based on 2,831 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. Changing Information Technology's current ROC % of 79.64% is 2381% 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 Changing Information Technology and its competitors. For the Software industry, the median ROC % is 3.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changing Information Technology's current ROC % is 79.64%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changing Information Technology stock overvalued right now?
Based on GuruFocus' analysis, Changing Information Technology (ROCO:8272) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$90.17, compared to a current price of NT$64.90 — trading 28% below its estimated fair value. The current ROC % is 79.64% and 2381% above the Software industry median of 3.21. Changing Information Technology's overall GF Score™ is 74/100 with 1 warning sign 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 Changing Information Technology (ROCO:8272), the current ROC % is 79.64% as of Jun. 2026. 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 Changing Information Technology (ROCO:8272) Overvalued in 2026?
Based on GuruFocus' analysis, Changing Information Technology stock appears to be undervalued.
The current stock price of NT$64.90 is trading 28% below its estimated GF Value™ of NT$90.17.
GuruFocus considers Changing Information Technology to be Modestly Undervalued.
Key valuation signals for ROCO:8272:
ROC %: 79.64%
GF Value™: NT$90.17 vs. price of NT$64.90 (28% below fair value)
Industry Position: 2381% above the Software median
No single metric tells the full story. See the ROCO:8272 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changing Information Technology Inc principally engages in information software services, data processing services, electronic information supply services, and the research, development, production, manufacturing, and sales of various types of media, internet, image application, and text recognition application software and systems. The Company's reportable operating segment consists of a single department mainly engaged in the research, development, production, manufacture, and sales of information software services, data processing services, electronic information supply services, and packaged software for various media, the Internet, imaging applications, and optical character recognition. The company generates maximum revenue from Taiwan.
74GF Score
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