The historical rank and industry rank for Taiwan Surface Mounting Technology's Return-on-Tangible-Equity or its related term are showing as below:
TPE:6278'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 4.86 Med: 11.26 Max: 25.3
Current: 15.04
During the past 13 years, Taiwan Surface Mounting Technology's highest Return-on-Tangible-Equity was 25.30%. The lowest was 4.86%. And the median was 11.26%.
TPE:6278's Return-on-Tangible-Equity is ranked better than 78.62% of 959
companies
in the Semiconductors industry
Industry Median: 5.23
vs TPE:6278: 15.04
Taiwan Surface Mounting Technology Return-on-Tangible-Equity 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.
Competitive Comparison of Taiwan Surface Mounting Technology's Return-on-Tangible-Equity
For the Semiconductors subindustry, Taiwan Surface Mounting Technology's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Taiwan Surface Mounting Technology's Return-on-Tangible-Equity Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Taiwan Surface Mounting Technology's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Taiwan Surface Mounting Technology's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Taiwan Surface Mounting Technology Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Taiwan Surface Mounting Technology's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Taiwan Surface Mounting Technology (TPE:6278) Business Description
Taiwan Surface Mounting Technology Corp is mainly engaged in the design, processing, manufacturing, and trading of TFT-LCD panels, general electronic information products, and PCB surface mount packaging. Geographically company generates a majority of its revenue from Mainland China followed by Taiwan, Asia, the United States, Europe, and others. Applications for the company's surface-mount technology include mobile phones, laptops, notebooks, televisions, digital cameras, power supply control boards, and inverter control boards. It also produces touch-panel control boards and micro projector control boards, along with backlighting bars for use in computers, televisions, and portable electronics.
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