Ideal Bike (ROCO:8933) Selling, General, & Admin. Expense: NT$342 Mil (TTM As of Mar. 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:8933 Ideal Bike Corp ROCO:8933
52 GF Score
Price NT$4.45
GF Value NT$4.51
Valuation Fairly Valued
! 4 Warning Signs
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What is Ideal Bike Selling, General, & Admin. Expense?

Ideal Bike ROCO:8933 -1.77% 52 Selling, General, & Admin. Expense is NT$342 Mil as of Mar. 2026. GuruFocus rates ROCO:8933 with a GF Score™ of 52/100 and a GF Value™ of NT$4.51 (Fairly Valued). The stock has 4 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. Ideal Bike's selling, general, & admin. expense for the three months ended in Mar. 2026 was NT$93 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was NT$342 Mil.


Ideal Bike  (ROCO:8933) 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.


Ideal Bike Selling, General, & Admin. Expense Related Terms


Ideal Bike Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Ideal Bike'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.

Ideal Bike Selling, General, & Admin. Expense Chart

Ideal Bike 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 416.18 469.61 347.69 321.14 321.84

Ideal Bike Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 73.13 70.89 89.83 87.99 93.11

ROCO:8933 vs AS, HAS, LTH: Selling, General, & Admin. Expense Comparison

For the Leisure subindustry, Ideal Bike'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.


Ideal Bike Selling, General, & Admin. Expense vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Ideal Bike's Selling, General, & Admin. Expense distribution charts can be found below:

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


ROCO:8933
52GF Score
Ideal Bike Corp ROCO:8933
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Ideal Bike 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$342 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$342 Mil mean?
Ideal Bike (ROCO:8933) has a Selling, General, & Admin. Expense of NT$342 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Ideal Bike and its competitors.
Is Ideal Bike's Selling, General, & Admin. Expense too high?
Ideal Bike's current Selling, General, & Admin. Expense is NT$342 Mil. Overall, Ideal Bike has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ideal Bike's Selling, General, & Admin. Expense compare to AS and HAS?
Ideal Bike's Selling, General, & Admin. Expense of NT$342 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Selling, General, & Admin. Expense depends on the Travel & Leisure 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 Ideal Bike and its competitors. Ideal Bike's current Selling, General, & Admin. Expense is NT$342 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ideal Bike stock overvalued right now?
Based on GuruFocus' analysis, Ideal Bike (ROCO:8933) is currently considered Fairly Valued. The stock's GF Value™ is NT$4.51, compared to a current price of NT$4.45 — trading 1.3% below its estimated fair value. The current Selling, General, & Admin. Expense is NT$342 Mil. Ideal Bike's overall GF Score™ is 52/100 with 4 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 Ideal Bike (ROCO:8933), the current Selling, General, & Admin. Expense is NT$342 Mil as of Mar. 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 Ideal Bike (ROCO:8933) Overvalued in 2026?

Based on GuruFocus' analysis, Ideal Bike stock appears to be undervalued. The current stock price of NT$4.45 is trading 1.3% below its estimated GF Value™ of NT$4.51. GuruFocus considers Ideal Bike to be Fairly Valued.

Key valuation signals for ROCO:8933:

  • Selling, General, & Admin. Expense: NT$342 Mil
  • GF Value™: NT$4.51 vs. price of NT$4.45 (1.3% below fair value)
  • GF Score™: 52/100 with 4 warning signs

No single metric tells the full story. See the ROCO:8933 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ideal Bike Business Description

Address No. 497, Gangbu Road, Section 1, Wuqi District, Taichung City, TWN, 435
Ideal Bike Corp is engaged in manufacturing and selling of bicycles. It offers indoor and outdoor sports cars, baby carriages, mini scooters, and parts. The company also manufactures agricultural machinery, steam locomotives, ships, aircraft, and other parts. Its reportable segments involve the Manufacturing (OEM) segment and Other segments. It derives maximum revenue from Manufacturing (OEM) segment.
52GF Score

Get the complete analysis for ROCO:8933

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

NT$4.45
Price
NT$4.51
GF Value