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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. Aspeed Technology's annualized return on invested capital (ROIC %) for the quarter that ended in Dec. 2025 was 130.53%.
As of today (2026-07-17), Aspeed Technology's WACC % is 2.44%. Aspeed Technology's ROIC % is 140.87% (calculated using TTM income statement data).
Aspeed 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.
Aspeed Technology (ROCO:5274) 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, Aspeed Technology's WACC % is 2.44%. Aspeed Technology's ROIC % is 140.87% (calculated using TTM income statement data).
Aspeed 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 %, 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.
Aspeed Technology ROIC % Related Terms
Aspeed Technology ROIC % Historical Data
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The historical data trend for Aspeed Technology's ROIC % 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.
For the Semiconductors subindustry, Aspeed 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.
Aspeed Technology ROIC % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Aspeed Technology's ROIC % distribution charts can be found below:
* The bar in red indicates where Aspeed Technology's ROIC % falls into.
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.
Aspeed Technology (ROCO:5274) has a ROIC % of 130.53% 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 Aspeed Technology and its competitors.
Is Aspeed Technology's ROIC % too high?
Aspeed Technology's current ROIC % is 130.53%. The Semiconductors industry median ROIC % is 3.77. Aspeed Technology's value of 130.53% is 3362.3% above this industry median. Overall, Aspeed Technology has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspeed Technology's ROIC % compare to NVDA and AVGO?
Aspeed Technology's ROIC % of 130.53% can be compared against companies in the Semiconductors industry. The industry median ROIC % is 3.77. Aspeed Technology's value of 130.53% is 3362.3% 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 ROIC % for a Semiconductors company?
The median ROIC % among Semiconductors companies is 3.77, based on 1,011 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. Aspeed Technology's current ROIC % of 130.53% is 3362.3% 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 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 Aspeed Technology and its competitors. For the Semiconductors industry, the median ROIC % is 3.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspeed Technology's current ROIC % is 130.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspeed Technology stock overvalued right now?
Based on GuruFocus' analysis, Aspeed Technology (ROCO:5274) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8,252.78, compared to a current price of NT$13,905.00 — trading 68.5% above its estimated fair value. The current ROIC % is 130.53% and 3362.3% above the Semiconductors industry median of 3.77. Aspeed Technology's overall GF Score™ is 82/100. 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 Aspeed Technology (ROCO:5274), the current ROIC % is 130.53% 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 Aspeed Technology (ROCO:5274) Overvalued in 2026?
Based on GuruFocus' analysis, Aspeed Technology stock appears to be overvalued.
The current stock price of NT$13,905.00 is trading 68.5% above its estimated GF Value™ of NT$8,252.78.
GuruFocus considers Aspeed Technology to be Significantly Overvalued.
Key valuation signals for ROCO:5274:
ROIC %: 130.53%
GF Value™: NT$8,252.78 vs. price of NT$13,905.00 (68.5% above fair value)
Industry Position: 3362.3% above the Semiconductors median
No single metric tells the full story. See the ROCO:5274 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aspeed Technology Inc is an IC design house in Server Management, PC/AV extension solutions, Desktop Virtualization and security enhancement. The company is engaged in the manufacturing of electronic products, wholesale of information software, retail and service industry, international trade, intellectual property, product design, and other industrial and commercial services. It operates through Multimedia Integrated Circuits (ICs); Computer Peripherals Oriented ICs; and Other segments. The company generates maximum of its revenue from Multimedia Integrated Circuits (ICs) segment.
82GF Score
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