Changs Ascending Enterprise Co (ROCO:8038) ROCE %: 4.56% (As of Dec. 2025)

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ROCO:8038 Changs Ascending Enterprise Co Ltd ROCO:8038
60 GF Score
Price NT$39.35
GF Value NT$92.34
Valuation Possible Value Trap
! 8 Warning Signs
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What is Changs Ascending Enterprise Co ROCE %?

Changs Ascending Enterprise Co ROCO:8038 +2.08% 60 ROCE % is 4.56% as of Dec. 2025. GuruFocus rates ROCO:8038 with a GF Score™ of 60/100 and a GF Value™ of NT$92.34 (Possible Value Trap). The stock has 8 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. Changs Ascending Enterprise Co's annualized ROCE % for the quarter that ended in Dec. 2025 was 4.56%.

Changs Ascending Enterprise Co  (ROCO:8038) 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.

Changs Ascending Enterprise Co ROCE % Related Terms

Changs Ascending Enterprise Co ROCE % Historical Data

* Premium members only.

The historical data trend for Changs Ascending Enterprise Co'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.

Changs Ascending Enterprise Co ROCE % Chart

Changs Ascending Enterprise Co 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 -11.37 -1.89 1.82 -12.16 8.98

Changs Ascending Enterprise Co 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 -10.32 -5.39 10.54 26.20 4.56
ROCO:8038
60GF Score
Changs Ascending Enterprise Co Ltd ROCO:8038
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Changs Ascending Enterprise Co ROCE % Calculation

Changs Ascending Enterprise Co'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 )
=64.701/( ( (1074.698 - 376.246) + (1324.097 - 582.092) )/ 2 )
=64.701/( (698.452+742.005)/ 2 )
=64.701/720.2285
=8.98 %

Changs Ascending Enterprise Co'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 )
=33.876/( ( (1260.373 - 517.123) + (1324.097 - 582.092) )/ 2 )
=33.876/( ( 743.25 + 742.005 )/ 2 )
=33.876/742.6275
=4.56 %

(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 4.56% mean?
Changs Ascending Enterprise Co (ROCO:8038) has a ROCE % of 4.56% as of Dec. 2025.
Is Changs Ascending Enterprise Co's ROCE % too high?
Changs Ascending Enterprise Co's current ROCE % is 4.56%. The Industrial Products industry median ROCE % is 7.03. Changs Ascending Enterprise Co's value of 4.56% is 35.1% below this industry median. Overall, Changs Ascending Enterprise Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Changs Ascending Enterprise Co's ROCE % compare to VRT and BE?
Changs Ascending Enterprise Co's ROCE % of 4.56% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.03. Changs Ascending Enterprise Co's value of 4.56% is 35.1% below 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 an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.03, based on 3,027 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. Changs Ascending Enterprise Co's current ROCE % of 4.56% is 35.1% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changs Ascending Enterprise Co's current ROCE % is 4.56%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changs Ascending Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Changs Ascending Enterprise Co (ROCO:8038) is currently considered Possible Value Trap. The stock's GF Value™ is NT$92.34, compared to a current price of NT$39.35 — trading 57.4% below its estimated fair value. The current ROCE % is 4.56% and 35.1% below the Industrial Products industry median of 7.03. Changs Ascending Enterprise Co's overall GF Score™ is 60/100 with 8 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 Changs Ascending Enterprise Co (ROCO:8038), the current ROCE % is 4.56% 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 Changs Ascending Enterprise Co (ROCO:8038) Overvalued in 2026?

Based on GuruFocus' analysis, Changs Ascending Enterprise Co stock appears to be undervalued. The current stock price of NT$39.35 is trading 57.4% below its estimated GF Value™ of NT$92.34. GuruFocus considers Changs Ascending Enterprise Co to be Possible Value Trap.

Key valuation signals for ROCO:8038:

  • ROCE %: 4.56%
  • GF Value™: NT$92.34 vs. price of NT$39.35 (57.4% below fair value)
  • GF Score™: 60/100 with 8 warning signs
  • Industry Position: 35.1% below the Industrial Products median

No single metric tells the full story. See the ROCO:8038 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Changs Ascending Enterprise Co Business Description

Address No. 9 Keya East Road, Central Science Park, Xitun District, Taichung, TWN
Changs Ascending Enterprise Co Ltd is engaged in the manufacturing, research, and development of lithium-iron batteries and its materials, as well as technology transfer and leasing, and sales of battery modules. The company derives maximum revenue from Lithium-iron battery modules.
60GF Score

Get the complete analysis for ROCO:8038

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

NT$39.35
Price
NT$92.34
GF Value