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Integrated Memory Logic (TPE:3638) ROE % : -1.07% (As of Jun. 2014)


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What is Integrated Memory Logic ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Integrated Memory Logic's annualized net income for the quarter that ended in Jun. 2014 was NT$-43 Mil. Integrated Memory Logic's average Total Stockholders Equity over the quarter that ended in Jun. 2014 was NT$4,041 Mil. Therefore, Integrated Memory Logic's annualized ROE % for the quarter that ended in Jun. 2014 was -1.07%.

The historical rank and industry rank for Integrated Memory Logic's ROE % or its related term are showing as below:

TPE:3638' s ROE % Range Over the Past 10 Years
Min: 7.12   Med: 22.61   Max: 25.79
Current: 7.12

During the past 5 years, Integrated Memory Logic's highest ROE % was 25.79%. The lowest was 7.12%. And the median was 22.61%.

TPE:3638's ROE % is not ranked
in the Semiconductors industry.
Industry Median: 4.4 vs TPE:3638: 7.12

Integrated Memory Logic ROE % Historical Data

The historical data trend for Integrated Memory Logic's ROE % 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.

* Premium members only.

Integrated Memory Logic ROE % Chart

Integrated Memory Logic Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13
ROE %
19.35 25.79 - 22.61 10.74

Integrated Memory Logic Quarterly Data
Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14
ROE % 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 9.00 9.36 12.81 7.53 -1.07

Competitive Comparison of Integrated Memory Logic's ROE %

For the Semiconductor Equipment & Materials subindustry, Integrated Memory Logic's ROE %, along with its competitors' market caps and ROE % 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.


Integrated Memory Logic's ROE % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Integrated Memory Logic's ROE % distribution charts can be found below:

* The bar in red indicates where Integrated Memory Logic's ROE % falls into.



Integrated Memory Logic ROE % Calculation

Integrated Memory Logic's annualized ROE % for the fiscal year that ended in Dec. 2013 is calculated as

ROE %=Net Income (A: Dec. 2013 )/( (Total Stockholders Equity (A: Dec. 2012 )+Total Stockholders Equity (A: Dec. 2013 ))/ count )
=429.673/( (4097.291+3905.313)/ 2 )
=429.673/4001.302
=10.74 %

Integrated Memory Logic's annualized ROE % for the quarter that ended in Jun. 2014 is calculated as

ROE %=Net Income (Q: Jun. 2014 )/( (Total Stockholders Equity (Q: Mar. 2014 )+Total Stockholders Equity (Q: Jun. 2014 ))/ count )
=-43.296/( (4074.624+4006.997)/ 2 )
=-43.296/4040.8105
=-1.07 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2014) net income data. ROE % is displayed in the 30-year financial page.


Integrated Memory Logic  (TPE:3638) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jun. 2014 )
=Net Income/Total Stockholders Equity
=-43.296/4040.8105
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-43.296 / 1830.084)*(1830.084 / 4451.404)*(4451.404 / 4040.8105)
=Net Margin %*Asset Turnover*Equity Multiplier
=-2.37 %*0.4111*1.1016
=ROA %*Equity Multiplier
=-0.97 %*1.1016
=-1.07 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2014 )
=Net Income/Total Stockholders Equity
=-43.296/4040.8105
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-43.296 / -61.252) * (-61.252 / -94.084) * (-94.084 / 1830.084) * (1830.084 / 4451.404) * (4451.404 / 4040.8105)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7069 * 0.651 * -5.14 % * 0.4111 * 1.1016
=-1.07 %

Note: The net income data used here is four times the quarterly (Jun. 2014) net income data. The Revenue data used here is four times the quarterly (Jun. 2014) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.


Integrated Memory Logic ROE % Related Terms

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Integrated Memory Logic (TPE:3638) Business Description

Traded in Other Exchanges
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Address
Integrated Memory Logic Ltd. provides analog, power management, and mixed signal IC solutions for LCD panel applications. It also designs custom chips; and provides packaging and testing outsourcing services.

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