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Sun Max Tech (TPE:6591) Return-on-Tangible-Asset : 3.63% (As of Dec. 2024)


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What is Sun Max Tech Return-on-Tangible-Asset?

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. Sun Max Tech's annualized Net Income for the quarter that ended in Dec. 2024 was NT$103 Mil. Sun Max Tech's average total tangible assets for the quarter that ended in Dec. 2024 was NT$2,829 Mil. Therefore, Sun Max Tech's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 was 3.63%.

The historical rank and industry rank for Sun Max Tech's Return-on-Tangible-Asset or its related term are showing as below:

TPE:6591' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 4.27   Med: 7.51   Max: 17.98
Current: 4.36

During the past 12 years, Sun Max Tech's highest Return-on-Tangible-Asset was 17.98%. The lowest was 4.27%. And the median was 7.51%.

TPE:6591's Return-on-Tangible-Asset is ranked better than
64.32% of 2455 companies
in the Hardware industry
Industry Median: 2.49 vs TPE:6591: 4.36

Sun Max Tech Return-on-Tangible-Asset Historical Data

The historical data trend for Sun Max Tech'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.

* Premium members only.

Sun Max Tech Return-on-Tangible-Asset Chart

Sun Max Tech Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Return-on-Tangible-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.94 8.95 8.30 4.27 4.27

Sun Max Tech Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Return-on-Tangible-Asset 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 3.08 3.83 2.84 7.28 3.63

Competitive Comparison of Sun Max Tech's Return-on-Tangible-Asset

For the Computer Hardware subindustry, Sun Max Tech'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.


Sun Max Tech's Return-on-Tangible-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Sun Max Tech's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Sun Max Tech's Return-on-Tangible-Asset falls into.


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Sun Max Tech Return-on-Tangible-Asset Calculation

Sun Max Tech's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=119.539/( (2615.521+2987.114)/ 2 )
=119.539/2801.3175
=4.27 %

Sun Max Tech's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Dec. 2024 )  (Q: Sep. 2024 )(Q: Dec. 2024 )
=102.548/( (2669.887+2987.114)/ 2 )
=102.548/2828.5005
=3.63 %

* 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. 2024) net income data.


Sun Max Tech  (TPE:6591) 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 company’s 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 company’s 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.


Sun Max Tech Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Sun Max Tech's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Sun Max Tech Business Description

Traded in Other Exchanges
N/A
Address
802 West Bay Road, Oleander Way, P.O. Box 32052, The Grand Pavilion Commercial Centre, Grand Cayman, CYM, KY1-1208
Sun Max Tech Ltd is engaged in the research and development, production, and sales of DC brushless cooling fans, liquid cooling pumps, and other computer-related accessories in Taiwan. Its products are mainly used for personal computers (PC), communications networks, and Industrial control. The company generates maximum revenue from a Cooling fan. Geographically, it derives a majority of its revenue from China and also has a presence in Taiwan and other countries.

Sun Max Tech Headlines

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