HIM International Music (ROCO:8446) Selling, General, & Admin. Expense: NT$200 Mil (TTM As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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:8446 HIM International Music Inc ROCO:8446
80 GF Score
Price NT$85.10
GF Value NT$104.34
Valuation Modestly Undervalued
! 5 Warning Signs
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What is HIM International Music Selling, General, & Admin. Expense?

HIM International Music ROCO:8446 -0.12% 80 Selling, General, & Admin. Expense is NT$200 Mil as of Jun. 2026. GuruFocus rates ROCO:8446 with a GF Score™ of 80/100 and a GF Value™ of NT$104.34 (Modestly Undervalued). The stock has 5 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. HIM International Music's selling, general, & admin. expense for the three months ended in Jun. 2026 was NT$52 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Jun. 2026 was NT$200 Mil.


HIM International Music  (ROCO:8446) 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.


HIM International Music Selling, General, & Admin. Expense Related Terms


HIM International Music Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for HIM International Music'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.

HIM International Music Selling, General, & Admin. Expense Chart

HIM International Music 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 196.20 157.55 191.13 193.84 198.41

HIM International Music 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 49.58 47.65 55.35 44.62 52.44

ROCO:8446 vs NFLX, DIS, WBD: Selling, General, & Admin. Expense Comparison

For the Entertainment subindustry, HIM International Music'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.


HIM International Music Selling, General, & Admin. Expense vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, HIM International Music's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where HIM International Music's Selling, General, & Admin. Expense falls into.


ROCO:8446
80GF Score
HIM International Music Inc ROCO:8446
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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HIM International Music 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$200 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$200 Mil mean?
HIM International Music (ROCO:8446) has a Selling, General, & Admin. Expense of NT$200 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 HIM International Music and its competitors.
Is HIM International Music's Selling, General, & Admin. Expense too high?
HIM International Music's current Selling, General, & Admin. Expense is NT$200 Mil. Overall, HIM International Music has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HIM International Music's Selling, General, & Admin. Expense compare to NFLX and DIS?
HIM International Music's Selling, General, & Admin. Expense of NT$200 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Selling, General, & Admin. Expense depends on the Media - Diversified 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 HIM International Music and its competitors. HIM International Music's current Selling, General, & Admin. Expense is NT$200 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HIM International Music stock overvalued right now?
Based on GuruFocus' analysis, HIM International Music (ROCO:8446) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$104.34, compared to a current price of NT$85.10 — trading 18.4% below its estimated fair value. The current Selling, General, & Admin. Expense is NT$200 Mil. HIM International Music's overall GF Score™ is 80/100 with 5 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 HIM International Music (ROCO:8446), the current Selling, General, & Admin. Expense is NT$200 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 HIM International Music (ROCO:8446) Overvalued in 2026?

Based on GuruFocus' analysis, HIM International Music stock appears to be undervalued. The current stock price of NT$85.10 is trading 18.4% below its estimated GF Value™ of NT$104.34. GuruFocus considers HIM International Music to be Modestly Undervalued.

Key valuation signals for ROCO:8446:

  • Selling, General, & Admin. Expense: NT$200 Mil
  • GF Value™: NT$104.34 vs. price of NT$85.10 (18.4% below fair value)
  • GF Score™: 80/100 with 5 warning signs

No single metric tells the full story. See the ROCO:8446 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HIM International Music Business Description

Address Jian Guo N Road, Sector 2, 15th Floor, No 135, Taipei County, TWN
HIM International Music Inc is a Taiwan based media company. The company is engaged in production and distribution of pop music, copyright licensing, and artist management. The company also arrange concerts in Taiwan. Goegraphically, the company generates maximum revenue from Mainland China, followed by Taiwan, Singapore, USA, Hong Kong, and other regions.
80GF Score

Get the complete analysis for ROCO:8446

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

NT$85.10
Price
NT$104.34
GF Value