Zen Voce (ROCO:3581) ROCE %: 22.79% (As of Dec. 2025)

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ROCO:3581 Zen Voce Corp ROCO:3581
56 GF Score
Price NT$115.50
GF Value NT$38.01
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Zen Voce ROCE %?

Zen Voce ROCO:3581 -6.48% 56 ROCE % is 22.79% as of Dec. 2025. GuruFocus rates ROCO:3581 with a GF Score™ of 56/100 and a GF Value™ of NT$38.01 (Significantly Overvalued). The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Zen Voce's annualized ROCE % for the quarter that ended in Dec. 2025 was 22.79%.

Zen Voce  (ROCO:3581) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Zen Voce ROCE % Related Terms

Zen Voce ROCE % Historical Data

* Premium members only.

The historical data trend for Zen Voce's ROCE % 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.

Zen Voce ROCE % Chart

Zen Voce Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.50 14.38 9.72 11.08 12.16

Zen Voce Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.65 5.49 -2.22 24.54 22.79
ROCO:3581
56GF Score
Zen Voce Corp ROCO:3581
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Zen Voce ROCE % Calculation

Zen Voce's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=131.16/( ( (2024.275 - 959.262) + (2026.977 - 934.665) )/ 2 )
=131.16/( (1065.013+1092.312)/ 2 )
=131.16/1078.6625
=12.16 %

Zen Voce's ROCE % of for the quarter that ended in Dec. 2025 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Dec. 2025 )  (Q: Sep. 2025 )(Q: Dec. 2025 )
=242.096/( ( (1963.18 - 930.857) + (2026.977 - 934.665) )/ 2 )
=242.096/( ( 1032.323 + 1092.312 )/ 2 )
=242.096/1062.3175
=22.79 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 22.79% mean?
Zen Voce (ROCO:3581) has a ROCE % of 22.79% as of Dec. 2025.
Is Zen Voce's ROCE % too high?
Zen Voce's current ROCE % is 22.79%. The Semiconductors industry median ROCE % is 4.83. Zen Voce's value of 22.79% is 372.3% above this industry median. Overall, Zen Voce has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zen Voce's ROCE % compare to NVDA and AVGO?
Zen Voce's ROCE % of 22.79% can be compared against companies in the Semiconductors industry. The industry median ROCE % is 4.83. Zen Voce's value of 22.79% is 372.3% 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 ROCE % for a Semiconductors company?
The median ROCE % among Semiconductors companies is 4.83, based on 1,018 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zen Voce's current ROCE % of 22.79% is 372.3% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median ROCE % is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zen Voce's current ROCE % is 22.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zen Voce stock overvalued right now?
Based on GuruFocus' analysis, Zen Voce (ROCO:3581) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$38.01, compared to a current price of NT$115.50 — trading 203.9% above its estimated fair value. The current ROCE % is 22.79% and 372.3% above the Semiconductors industry median of 4.83. Zen Voce's overall GF Score™ is 56/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Zen Voce (ROCO:3581), the current ROCE % is 22.79% 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 Zen Voce (ROCO:3581) Overvalued in 2026?

Based on GuruFocus' analysis, Zen Voce stock appears to be overvalued. The current stock price of NT$115.50 is trading 203.9% above its estimated GF Value™ of NT$38.01. GuruFocus considers Zen Voce to be Significantly Overvalued.

Key valuation signals for ROCO:3581:

  • ROCE %: 22.79%
  • GF Value™: NT$38.01 vs. price of NT$115.50 (203.9% above fair value)
  • GF Score™: 56/100 with 2 warning signs
  • Industry Position: 372.3% above the Semiconductors median

No single metric tells the full story. See the ROCO:3581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Zen Voce Business Description

Address No. 53, Jinggong Road, Sinfong Township, Hsinchu, TWN, 30441
Zen Voce Corp is a Taiwan based company engaged in the business of providing semiconductor, optoelectronics and MEMS and LCD's equipment. It offers equipment products which include IC packaging machine design and manufacture of bumping, wafer cutting machine and cleaning machine design and manufacturing, and board cutting machine and cleaning machine design and manufacturing. The test products provided by the company includes Wafer test probe card PCB design and manufacturing, IC test HIFIX and CHANG KIT design and manufacturing, SOCKET IC design and manufacturing test, Acting IC HANDLER, and Acting SOCKET IC burn-in test.
56GF Score

Get the complete analysis for ROCO:3581

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$115.50
Price
NT$38.01
GF Value