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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.
Changs Ascending Enterprise Co's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 47.98%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
ROCO:8038's 3-Year ROIIC % is ranked better than 86.73% of 2931
companies
in the Industrial Products industry
Industry Median: 3.45
vs ROCO:8038: 47.98
Changs Ascending Enterprise Co (ROCO:8038) 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.
Changs Ascending Enterprise Co 3-Year ROIIC % Related Terms
Changs Ascending Enterprise Co 3-Year ROIIC % Historical 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.
Changs Ascending Enterprise Co 3-Year ROIIC % Chart
For the Electrical Equipment & Parts subindustry, Changs Ascending Enterprise Co'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.
Changs Ascending Enterprise Co 3-Year ROIIC % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Changs Ascending Enterprise Co's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Changs Ascending Enterprise Co's 3-Year ROIIC % falls into.
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 46.032 (Dec. 2025) - -31.847 (Dec. 2022) )
/
( 1057.182 (Dec. 2025) - 894.862 (Dec. 2022) )
=
77.879
/
162.32
=
47.98%***
* 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.
Changs Ascending Enterprise Co (ROCO:8038) has a 3-Year ROIIC % of 47.98 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 Changs Ascending Enterprise Co and its competitors. This is 749% above median its historical median of 5.65. According to the industry distribution chart, Changs Ascending Enterprise Co ranks #389 out of 2931 companies in the Industrial Products industry, placing it in the top 13.3%.
Is Changs Ascending Enterprise Co's 3-Year ROIIC % too high?
Changs Ascending Enterprise Co's current 3-Year ROIIC % of 47.98 is 749% above median its 10-year median of 5.65. The Industrial Products industry median 3-Year ROIIC % is 3.45. Changs Ascending Enterprise Co's value of 47.98 is 1290.7% above this industry median. Based on the distribution chart, Changs Ascending Enterprise Co ranks #389 out of 2931 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Changs Ascending Enterprise Co has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Changs Ascending Enterprise Co's 3-Year ROIIC % compare to VRT and BE?
According to the Industrial Products industry distribution chart, Changs Ascending Enterprise Co ranks #389 out of 2931 companies for 3-Year ROIIC %. This places Changs Ascending Enterprise Co in the top 13% of its industry — outperforming the majority of peers. The industry median 3-Year ROIIC % is 3.45. Changs Ascending Enterprise Co's value of 47.98 is 1290.7% above this benchmark. While the company's 10-year median is 5.65 vs. the industry median of 3.45, Changs Ascending Enterprise Co has consistently been above the industry average. 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 an Industrial Products company?
The median 3-Year ROIIC % among Industrial Products companies is 3.45, based on 2,931 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. Changs Ascending Enterprise Co's current 3-Year ROIIC % of 47.98 is 1290.7% 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 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 Changs Ascending Enterprise Co and its competitors. For the Industrial Products industry, the median 3-Year ROIIC % is 3.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changs Ascending Enterprise Co's current 3-Year ROIIC % is 47.98, which is 749% above median its own 10-year median of 5.65. 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$89.25, compared to a current price of NT$31.40 — trading 64.8% below its estimated fair value. The current 3-Year ROIIC % is 47.98, which is 749% above median its 10-year median of 5.65 and 1290.7% above the Industrial Products industry median of 3.45. Changs Ascending Enterprise Co's overall GF Score™ is 59/100 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 Changs Ascending Enterprise Co (ROCO:8038), the current 3-Year ROIIC % is 47.98 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$31.40 is trading 64.8% below its estimated GF Value™ of NT$89.25.
GuruFocus considers Changs Ascending Enterprise Co to be Possible Value Trap.
Key valuation signals for ROCO:8038:
3-Year ROIIC %: 47.98 (749% above median its 10-year median of 5.65)
GF Value™: NT$89.25 vs. price of NT$31.40 (64.8% below fair value)
Industry Position: 1290.7% above the Industrial Products median (#389 of 2931)
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 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.
59GF Score
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