Rossmax International (ROCO:4121) 3-Year ROIIC % : -121.55% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:4121 Rossmax International Ltd ROCO:4121
57 GF Score
Price NT$12.90
GF Value NT$18.22
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Rossmax International 3-Year ROIIC %?

Rossmax International ROCO:4121 +1.98% 57 3-Year ROIIC % is -121.55 as of Dec. 2025. GuruFocus rates ROCO:4121 with a GF Score™ of 57/100 and a GF Value™ of NT$18.22 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 794 Medical Devices & Instruments companies, Rossmax International ranks worse than 87.78% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Rossmax International's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was -121.55%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Rossmax International's 3-Year ROIIC % or its related term are showing as below:

ROCO:4121's 3-Year ROIIC % is ranked worse than
87.78% of 794 companies
in the Medical Devices & Instruments industry
Industry Median: 1.52 vs ROCO:4121: -121.55

Rossmax International  (ROCO:4121) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Rossmax International 3-Year ROIIC % Related Terms


Rossmax International 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Rossmax International's 3-Year ROIIC % 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.

Rossmax International 3-Year ROIIC % Chart

Rossmax International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.58 24.55 -13.20 -28.57 -121.55

Rossmax International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
3-Year ROIIC % 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 0.00 0.00 0.00 -121.55 0.00

ROCO:4121 vs ABT, SYK, MDT: 3-Year ROIIC % Comparison

For the Medical Devices subindustry, Rossmax International's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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.


Rossmax International 3-Year ROIIC % vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Rossmax International's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Rossmax International's 3-Year ROIIC % falls into.


ROCO:4121
57GF Score
Rossmax International Ltd ROCO:4121
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rossmax International 3-Year ROIIC % Calculation

Rossmax International's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( -72.382 (Dec. 2025) - 206.4282902 (Dec. 2022) )/( 2623.972 (Dec. 2025) - 2394.599 (Dec. 2022) )
=-278.8102902/229.373
=-121.55%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -121.55 mean?
Rossmax International (ROCO:4121) has a 3-Year ROIIC % of -121.55 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Rossmax International and its competitors. According to the industry distribution chart, Rossmax International ranks #697 out of 794 companies in the Medical Devices & Instruments industry, placing it in the top 87.8%.
Is Rossmax International's 3-Year ROIIC % too high?
Rossmax International's current 3-Year ROIIC % is -121.55. Based on the distribution chart, Rossmax International ranks #697 out of 794 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Rossmax International has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Rossmax International's 3-Year ROIIC % compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Rossmax International ranks #697 out of 794 companies for 3-Year ROIIC %. This places Rossmax International in the lower half of its industry. The industry median 3-Year ROIIC % is 1.52. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Medical Devices & Instruments company?
The median 3-Year ROIIC % among Medical Devices & Instruments companies is 1.52, based on 794 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Rossmax International and its competitors. For the Medical Devices & Instruments industry, the median 3-Year ROIIC % is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rossmax International's current 3-Year ROIIC % is -121.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rossmax International stock overvalued right now?
Based on GuruFocus' analysis, Rossmax International (ROCO:4121) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$18.22, compared to a current price of NT$12.90 — trading 29.2% below its estimated fair value. The current 3-Year ROIIC % is -121.55. Rossmax International's overall GF Score™ is 57/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Rossmax International (ROCO:4121), the current 3-Year ROIIC % is -121.55 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 Rossmax International (ROCO:4121) Overvalued in 2026?

Based on GuruFocus' analysis, Rossmax International stock appears to be undervalued. The current stock price of NT$12.90 is trading 29.2% below its estimated GF Value™ of NT$18.22. GuruFocus considers Rossmax International to be Modestly Undervalued.

Key valuation signals for ROCO:4121:

  • 3-Year ROIIC %: -121.55
  • GF Value™: NT$18.22 vs. price of NT$12.90 (29.2% below fair value)
  • GF Score™: 57/100 with 6 warning signs

No single metric tells the full story. See the ROCO:4121 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rossmax International Business Description

Address Kangchien Road, 12th Floor, No. 189, Neihu District, Taipei, TWN, 114
Rossmax International Ltd is mainly engaged in medical equipment manufacturing, wholesale or retail, and the medicine and cosmetics channels. The group has three reportable departments: the medical device department, the retail channel department, and the investment department. The medical device department manufactures various types of medical supplies. The retail channel department is engaged in the retail of cosmetics, medical equipment, food products, and beverages. Geographically, it derives key revenue from the Taiwan region and the rest from Iraq, Algeria, the U.S.A, the U.A.E, Malaysia, Iran, Kazakhstan, South Korea, Norway, Croatia, Tunisia, and Other.
57GF Score

Get the complete analysis for ROCO:4121

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

NT$12.90
Price
NT$18.22
GF Value