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Micron Technology (XKAZ:MU_KZ) Return-on-Tangible-Equity : 8.23% (As of Aug. 2024)


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What is Micron Technology Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Micron Technology's annualized net income for the quarter that ended in Aug. 2024 was $3,548 Mil. Micron Technology's average shareholder tangible equity for the quarter that ended in Aug. 2024 was $43,114 Mil. Therefore, Micron Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Aug. 2024 was 8.23%.

The historical rank and industry rank for Micron Technology's Return-on-Tangible-Equity or its related term are showing as below:

XKAZ:MU_KZ' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -12.84   Med: 16.93   Max: 59.22
Current: 1.83

During the past 13 years, Micron Technology's highest Return-on-Tangible-Equity was 59.22%. The lowest was -12.84%. And the median was 16.93%.

XKAZ:MU_KZ's Return-on-Tangible-Equity is ranked worse than
60.21% of 965 companies
in the Semiconductors industry
Industry Median: 4.49 vs XKAZ:MU_KZ: 1.83

Micron Technology Return-on-Tangible-Equity Historical Data

The historical data trend for Micron Technology's Return-on-Tangible-Equity 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.

Micron Technology Return-on-Tangible-Equity Chart

Micron Technology Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.49 14.69 19.17 -12.84 1.81

Micron Technology Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Return-on-Tangible-Equity 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 -13.25 -11.77 7.59 3.13 8.23

Competitive Comparison of Micron Technology's Return-on-Tangible-Equity

For the Semiconductors subindustry, Micron 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.


Micron Technology's Return-on-Tangible-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Micron Technology's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Micron Technology's Return-on-Tangible-Equity falls into.



Micron Technology Return-on-Tangible-Equity Calculation

Micron Technology's annualized Return-on-Tangible-Equity for the fiscal year that ended in Aug. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Aug. 2024 )  (A: Aug. 2023 )(A: Aug. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Aug. 2024 )  (A: Aug. 2023 )(A: Aug. 2024 )
=778/( (42566+43565 )/ 2 )
=778/43065.5
=1.81 %

Micron Technology's annualized Return-on-Tangible-Equity for the quarter that ended in Aug. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Aug. 2024 )  (Q: May. 2024 )(Q: Aug. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Aug. 2024 )  (Q: May. 2024 )(Q: Aug. 2024 )
=3548/( (42662+43565)/ 2 )
=3548/43113.5
=8.23 %

* 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 (Aug. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Micron Technology  (XKAZ:MU_KZ) Return-on-Tangible-Equity Explanation

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.


Micron Technology Return-on-Tangible-Equity Related Terms

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


Micron Technology Business Description

Address
8000 South Federal Way, Post Office Box 6, Boise, ID, USA, 83716-9632
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

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