ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. CMC Magnetics's annualized net income for the quarter that ended in Dec. 2023 was NT$2,978 Mil. CMC Magnetics's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was NT$18,098 Mil. Therefore, CMC Magnetics's annualized ROE % for the quarter that ended in Dec. 2023 was 16.46%.
The historical rank and industry rank for CMC Magnetics's ROE % or its related term are showing as below:
TPE:2323'
s ROE % Range Over the Past 10 Years
Min: -10.72 Med: -2.56 Max: 10
Current: 9.87
During the past 13 years, CMC Magnetics's highest ROE % was 10.00%. The lowest was -10.72%. And the median was -2.56%.
TPE:2323's ROE % is ranked better than 70.85% of 2412
companies
in the Hardware industry
Industry Median: 4.53
vs TPE:2323: 9.87
CMC Magnetics ROE % Historical Data
The historical data trend for CMC Magnetics'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.
For the Computer Hardware subindustry, CMC Magnetics'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.
CMC Magnetics's ROE % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, CMC Magnetics's ROE % distribution charts can be found below:
* The bar in red indicates where CMC Magnetics's ROE % falls into.
CMC Magnetics ROE % Calculation
CMC Magnetics's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as
* 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 (Dec. 2023) net income data.
ROE % is displayed in the 30-year financial page.
CMC Magnetics (TPE:2323) 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:
Note:
The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.
CMC Magnetics ROE % Related Terms
Thank you for viewing the detailed overview of CMC Magnetics's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
CMC Magnetics Corp is engaged in the manufacturing and sale of consumer electronic products, including optical discs, and the acquisition of film agency rights, and production and distribution of digital discs and Blu-ray discs for sales and rental business. CMC provides optical storage devices like compact discs and digital video discs with additional functionalities that allow a user to record or rewrite data. The company also offers to package for optical storage products, USB storage, alkaline batteries, and flash storage products. Its products include Compact Disc Recordable, Compact Disc Rewritable, Digital Video Disc-Recordable, videotapes, and others. The firm has manufacturing facilities in Taiwan, China, and Hong Kong, and generates revenue from the Americas, Europe, and Asia.
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