M31 TechnologyROCO:6643 +2.51%86 ROA % is 19.41% as of Dec. 2025, which is 4% above its 10-year median of 18.74. GuruFocus rates ROCO:6643 with a GF Score™ of 86/100 and a GF Value™ of NT$890.53 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,026 Semiconductors companies, M31 Technology ranks better than 55.17% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. M31 Technology's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$397 Mil.
M31 Technology's average Total Assets over the quarter that ended in Dec. 2025 was NT$2,046 Mil. Therefore, M31 Technology's annualized ROA % for the quarter that ended in Dec. 2025 was 19.41%.
The historical rank and industry rank for M31 Technology's ROA % or its related term are showing as below:
ROCO:6643'
s ROA % Range Over the Past 10 Years
Min: 3.27 Med: 18.74 Max: 32.01
Current: 3.4
During the past 13 years, M31 Technology's highest ROA % was 32.01%. The lowest was 3.27%. And the median was 18.74%.
ROCO:6643's ROA % is ranked better than 55.17% of 1026
companies
in the Semiconductors industry
Industry Median: 2.45
vs ROCO:6643: 3.40
M31 Technology (ROCO:6643) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) revenue data.
* 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
Like ROE, ROA % 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. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % 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 ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
M31 Technology ROA % Related Terms
M31 Technology ROA % Historical Data
* Premium members only.
The historical data trend for M31 Technology's ROA % 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 Semiconductors subindustry, M31 Technology's ROA %, along with its competitors' market caps and ROA % 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.
M31 Technology ROA % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, M31 Technology's ROA % distribution charts can be found below:
* The bar in red indicates where M31 Technology's ROA % 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 ROA %, the net income of the last fiscal year and the average total 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.
ROA % is displayed in the 30-year financial page.
M31 Technology (ROCO:6643) has a ROA % of 19.41% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on M31 Technology and its competitors. This is near median its historical median of 18.74. Over the past decade, M31 Technology's ROA % has ranged from 3.27 to 32.01. According to the industry distribution chart, M31 Technology ranks #460 out of 1026 companies in the Semiconductors industry, placing it in the top 44.8%.
Is M31 Technology's ROA % too high?
M31 Technology's current ROA % of 19.41% is near median its 10-year median of 18.74. Over the past 10 years, this metric has ranged from a low of 3.27 to a high of 32.01. The Semiconductors industry median ROA % is 2.45. M31 Technology's value of 19.41% is 692.2% above this industry median. Based on the distribution chart, M31 Technology ranks #460 out of 1026 companies in the Semiconductors industry, which is above the industry midpoint. Overall, M31 Technology has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does M31 Technology's ROA % compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, M31 Technology ranks #460 out of 1026 companies for ROA %. This puts M31 Technology in the upper half of its industry. The industry median ROA % is 2.45. M31 Technology's value of 19.41% is 692.2% above this benchmark. Historically, M31 Technology's own ROA % has ranged from 3.27 to 32.01 over the past decade. While the company's 10-year median is 18.74 vs. the industry median of 2.45, M31 Technology has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Semiconductors company?
The median ROA % among Semiconductors companies is 2.45, based on 1,026 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. M31 Technology's current ROA % of 19.41% is 692.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on M31 Technology and its competitors. For the Semiconductors industry, the median ROA % is 2.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M31 Technology's current ROA % is 19.41%, which is near median its own 10-year median of 18.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M31 Technology stock overvalued right now?
Based on GuruFocus' analysis, M31 Technology (ROCO:6643) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$890.53, compared to a current price of NT$511.00 — trading 42.6% below its estimated fair value. The current ROA % is 19.41%, which is near median its 10-year median of 18.74 and 692.2% above the Semiconductors industry median of 2.45. M31 Technology's overall GF Score™ is 86/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For M31 Technology (ROCO:6643), the current ROA % is 19.41% 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 M31 Technology (ROCO:6643) Overvalued in 2026?
Based on GuruFocus' analysis, M31 Technology stock appears to be undervalued.
The current stock price of NT$511.00 is trading 42.6% below its estimated GF Value™ of NT$890.53.
GuruFocus considers M31 Technology to be Significantly Undervalued.
Key valuation signals for ROCO:6643:
ROA %: 19.41% (near median its 10-year median of 18.74)
GF Value™: NT$890.53 vs. price of NT$511.00 (42.6% below fair value)
Industry Position: 692.2% above the Semiconductors median (#460 of 1026)
No single metric tells the full story. See the ROCO:6643 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M31 Technology Corp is a professional silicon intellectual property (IP) provider. The company focuses on providing high-speed interface IPs, memory compilers, and standard cell library solutions. The company provides customers with differentiated IP solutions. These solutions help customers grasp market opportunities in short design cycles, low manufacturing costs, and high product competitiveness.
86GF Score
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