ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Micro Base Technology's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 2.87%.
As of today (2026-07-06), Micro Base Technology's WACC % is 10.01%. Micro Base Technology's ROIC % is 8.75% (calculated using TTM income statement data).
Micro Base Technology earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Micro Base Technology (ROCO:3184) ROIC % Explanation
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. 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 ROIC % 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, Micro Base Technology's WACC % is 10.01%. Micro Base Technology's ROIC % is 8.75% (calculated using TTM income statement data).
Micro Base Technology 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 %, ROIC % 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.
* 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 Electronic Components subindustry, Micro Base Technology's ROIC %, along with its competitors' market caps and ROIC % 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.
Micro Base Technology ROIC % vs Hardware Industry
For the Hardware industry and Technology sector, Micro Base Technology's ROIC % distribution charts can be found below:
* The bar in red indicates where Micro Base Technology's ROIC % falls into.
Note:
The Operating Income data used here is two times the semi-annual (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.
Micro Base Technology (ROCO:3184) has a ROIC % of 2.87% as of Dec. 2025. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Micro Base Technology and its competitors.
Is Micro Base Technology's ROIC % too high?
Micro Base Technology's current ROIC % is 2.87%. The Hardware industry median ROIC % is 4.12. Micro Base Technology's value of 2.87% is 30.3% below this industry median. Overall, Micro Base Technology has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Micro Base Technology's ROIC % compare to APH and GLW?
Micro Base Technology's ROIC % of 2.87% can be compared against companies in the Hardware industry. The industry median ROIC % is 4.12. Micro Base Technology's value of 2.87% is 30.3% 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 ROIC % for a Hardware company?
The median ROIC % among Hardware companies is 4.12, based on 2,442 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Micro Base Technology's current ROIC % of 2.87% is 30.3% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on Micro Base Technology and its competitors. For the Hardware industry, the median ROIC % is 4.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micro Base Technology's current ROIC % is 2.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micro Base Technology stock overvalued right now?
Based on GuruFocus' analysis, Micro Base Technology (ROCO:3184) is currently considered Fairly Valued. The stock's GF Value™ is NT$17.33, compared to a current price of NT$16.60 — trading 4.2% below its estimated fair value. The current ROIC % is 2.87% and 30.3% below the Hardware industry median of 4.12. Micro Base Technology's overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROIC % calculated?
ROIC % is calculated from a company's financial statements. For Micro Base Technology (ROCO:3184), the current ROIC % is 2.87% 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 Micro Base Technology (ROCO:3184) Overvalued in 2026?
Based on GuruFocus' analysis, Micro Base Technology stock appears to be undervalued.
The current stock price of NT$16.60 is trading 4.2% below its estimated GF Value™ of NT$17.33.
GuruFocus considers Micro Base Technology to be Fairly Valued.
Key valuation signals for ROCO:3184:
ROIC %: 2.87%
GF Value™: NT$17.33 vs. price of NT$16.60 (4.2% below fair value)
Industry Position: 30.3% below the Hardware median
No single metric tells the full story. See the ROCO:3184 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Micro Base Technology Corp is engaged in the development of Laser LIGA, a non-silicon-based micromachining technology. It is involved in the research and development, manufacturing, and sale of miniaturized devices, and micron-scale parts and systems in Taiwan. The company offers its products under three categories namely electronic, beauty, and medical devices. It also engaged in designing and consulting business.
63GF Score
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ROIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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