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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Macronix International Co's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$-1,181 Mil. Macronix International Co's average total tangible assets for the quarter that ended in Dec. 2025 was NT$77,317 Mil. Therefore, Macronix International Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was -1.53%.
The historical rank and industry rank for Macronix International Co's Return-on-Tangible-Asset or its related term are showing as below:
TPE:2337'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -4.25 Med: 6.73 Max: 17.44
Current: -4.25
During the past 13 years, Macronix International Co's highest Return-on-Tangible-Asset was 17.44%. The lowest was -4.25%. And the median was 6.73%.
TPE:2337's Return-on-Tangible-Asset is ranked worse than 75.1% of 1028
companies
in the Semiconductors industry
Industry Median: 2.72
vs TPE:2337: -4.25
Macronix International Co (TPE:2337) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Macronix International Co Return-on-Tangible-Asset Related Terms
Macronix International Co Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for Macronix International Co's Return-on-Tangible-Asset 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.
Macronix International Co Return-on-Tangible-Asset Chart
TPE:2337 vs NVDA, AVGO, MU: Return-on-Tangible-Asset Comparison
For the Semiconductors subindustry, Macronix International Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
Macronix International Co Return-on-Tangible-Asset vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Macronix International Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Macronix International Co's Return-on-Tangible-Asset 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-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of -1.53% mean?
Macronix International Co (TPE:2337) has a Return-on-Tangible-Asset of -1.53% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Macronix International Co and its competitors. According to the industry distribution chart, Macronix International Co ranks #772 out of 1028 companies in the Semiconductors industry, placing it in the top 75.1%.
Is Macronix International Co's Return-on-Tangible-Asset too high?
Macronix International Co's current Return-on-Tangible-Asset is -1.53%. Based on the distribution chart, Macronix International Co ranks #772 out of 1028 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Macronix International Co has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macronix International Co's Return-on-Tangible-Asset compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Macronix International Co ranks #772 out of 1028 companies for Return-on-Tangible-Asset. This places Macronix International Co in the lower half of its industry. The industry median Return-on-Tangible-Asset is 2.72. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Semiconductors company?
The median Return-on-Tangible-Asset among Semiconductors companies is 2.72, based on 1,028 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Macronix International Co and its competitors. For the Semiconductors industry, the median Return-on-Tangible-Asset is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macronix International Co's current Return-on-Tangible-Asset is -1.53%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macronix International Co stock overvalued right now?
Based on GuruFocus' analysis, Macronix International Co (TPE:2337) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$54.89, compared to a current price of NT$100.50 — trading 83.1% above its estimated fair value. The current Return-on-Tangible-Asset is -1.53%. Macronix International Co's overall GF Score™ is 53/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Macronix International Co (TPE:2337), the current Return-on-Tangible-Asset is -1.53% as of Dec. 2025. 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 Macronix International Co (TPE:2337) Overvalued in 2026?
Based on GuruFocus' analysis, Macronix International Co stock appears to be overvalued.
The current stock price of NT$100.50 is trading 83.1% above its estimated GF Value™ of NT$54.89.
GuruFocus considers Macronix International Co to be Significantly Overvalued.
Key valuation signals for TPE:2337:
Return-on-Tangible-Asset: -1.53%
GF Value™: NT$54.89 vs. price of NT$100.50 (83.1% above fair value)
No single metric tells the full story. See the TPE:2337 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macronix International Co Ltd designs, manufactures, and supplies integrated circuits and memory chips. It specializes in nonvolatile memory devices, including NOR Flash, NAND Flash, and read-only memory products. The Company also performs design, research and development, consultation and trade of relevant products. The company operates as a single reportable segment: the memory products and wafer fabrication segment. The firm operates in four Products: Flash, ROM, Foundry, and Others. The majority of revenue is from Flash Product. The company operates in Taiwan, China, and other countries generating key revenue from Taiwan region.
53GF Score
Get the complete analysis for TPE:2337
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