Zen Voce (ROCO:3581) Selling, General, & Admin. Expense: NT$324 Mil (TTM As of Jun. 2026)

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:3581 Zen Voce Corp ROCO:3581
65 GF Score
Price NT$107.00
GF Value NT$58.96
Valuation Significantly Overvalued
! 2 Warning Signs
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What is Zen Voce Selling, General, & Admin. Expense?

Zen Voce ROCO:3581 -3.17% 65 Selling, General, & Admin. Expense is NT$324 Mil as of Jun. 2026. GuruFocus rates ROCO:3581 with a GF Score™ of 65/100 and a GF Value™ of NT$58.96 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Zen Voce's selling, general, & admin. expense for the three months ended in Jun. 2026 was NT$87 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was NT$324 Mil.


Zen Voce  (ROCO:3581) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Zen Voce Selling, General, & Admin. Expense Related Terms


Zen Voce Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Zen Voce's Selling, General, & Admin. Expense 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.

Zen Voce Selling, General, & Admin. Expense Chart

Zen Voce Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 304.48 317.04 283.65 300.86 297.87

Zen Voce Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Selling, General, & Admin. Expense 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 62.27 75.08 83.45 78.40 86.79

ROCO:3581 vs NVDA, AVGO, MU: Selling, General, & Admin. Expense Comparison

For the Semiconductors subindustry, Zen Voce's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.


Zen Voce Selling, General, & Admin. Expense vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Zen Voce's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Zen Voce's Selling, General, & Admin. Expense falls into.


ROCO:3581
65GF Score
Zen Voce Corp ROCO:3581
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Zen Voce Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$324 Mil.

* 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.

What does a Selling, General, & Admin. Expense of NT$324 Mil mean?
Zen Voce (ROCO:3581) has a Selling, General, & Admin. Expense of NT$324 Mil as of Jun. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Zen Voce and its competitors.
Is Zen Voce's Selling, General, & Admin. Expense too high?
Zen Voce's current Selling, General, & Admin. Expense is NT$324 Mil. Overall, Zen Voce has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zen Voce's Selling, General, & Admin. Expense compare to NVDA and AVGO?
Zen Voce's Selling, General, & Admin. Expense of NT$324 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Semiconductors company?
A good Selling, General, & Admin. Expense depends on the Semiconductors industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Zen Voce and its competitors. Zen Voce's current Selling, General, & Admin. Expense is NT$324 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zen Voce stock overvalued right now?
Based on GuruFocus' analysis, Zen Voce (ROCO:3581) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$58.96, compared to a current price of NT$107.00 — trading 81.5% above its estimated fair value. The current Selling, General, & Admin. Expense is NT$324 Mil. Zen Voce's overall GF Score™ is 65/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Zen Voce (ROCO:3581), the current Selling, General, & Admin. Expense is NT$324 Mil as of Jun. 2026. 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 Zen Voce (ROCO:3581) Overvalued in 2026?

Based on GuruFocus' analysis, Zen Voce stock appears to be overvalued. The current stock price of NT$107.00 is trading 81.5% above its estimated GF Value™ of NT$58.96. GuruFocus considers Zen Voce to be Significantly Overvalued.

Key valuation signals for ROCO:3581:

  • Selling, General, & Admin. Expense: NT$324 Mil
  • GF Value™: NT$58.96 vs. price of NT$107.00 (81.5% above fair value)
  • GF Score™: 65/100 with 2 warning signs

No single metric tells the full story. See the ROCO:3581 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zen Voce Business Description

Address No. 53, Jinggong Road, Sinfong Township, Hsinchu, TWN, 30441
Zen Voce Corp is a Taiwan based company engaged in the business of providing semiconductor, optoelectronics and MEMS and LCD's equipment. It offers equipment products which include IC packaging machine design and manufacture of bumping, wafer cutting machine and cleaning machine design and manufacturing, and board cutting machine and cleaning machine design and manufacturing. The test products provided by the company includes Wafer test probe card PCB design and manufacturing, IC test HIFIX and CHANG KIT design and manufacturing, SOCKET IC design and manufacturing test, Acting IC HANDLER, and Acting SOCKET IC burn-in test.
65GF Score

Get the complete analysis for ROCO:3581

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$107.00
Price
NT$58.96
GF Value