Amulaire Thermal Technology (TPE:2241) ROA %: -1.87% (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2241 Amulaire Thermal Technology Inc TPE:2241
44 GF Score
Price NT$39.30
GF Value NT$30.99
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is Amulaire Thermal Technology ROA %?

Amulaire Thermal Technology TPE:2241 -2.96% 44 ROA % is -1.87% as of Dec. 2025. GuruFocus rates TPE:2241 with a GF Score™ of 44/100 and a GF Value™ of NT$30.99 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,331 Vehicles & Parts companies, Amulaire Thermal Technology ranks worse than 84.67% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Amulaire Thermal Technology's annualized Net Income for the quarter that ended in Dec. 2025 was NT$-41.8 Mil. Amulaire Thermal Technology's average Total Assets over the quarter that ended in Dec. 2025 was NT$2,234.5 Mil. Therefore, Amulaire Thermal Technology's annualized ROA % for the quarter that ended in Dec. 2025 was -1.87%.

The historical rank and industry rank for Amulaire Thermal Technology's ROA % or its related term are showing as below:

TPE:2241' s ROA % Range Over the Past 10 Years
Min: -8.09   Med: -2.34   Max: 9.04
Current: -3.25

During the past 13 years, Amulaire Thermal Technology's highest ROA % was 9.04%. The lowest was -8.09%. And the median was -2.34%.

TPE:2241's ROA % is ranked worse than
84.67% of 1331 companies
in the Vehicles & Parts industry
Industry Median: 2.95 vs TPE:2241: -3.25

Amulaire Thermal Technology  (TPE:2241) 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 bank’s 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:

ROA %(Q: Dec. 2025 )
=Net Income/Total Assets
=-41.844/2234.4905
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-41.844 / 1098.612)*(1098.612 / 2234.4905)
=Net Margin %*Asset Turnover
=-3.81 %*0.4917
=-1.87 %

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.


Amulaire Thermal Technology ROA % Related Terms


Amulaire Thermal Technology ROA % Historical Data

* Premium members only.

The historical data trend for Amulaire Thermal 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.

Amulaire Thermal Technology ROA % Chart

Amulaire Thermal Technology Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.11 -7.38 -7.84 -8.09 -3.14

Amulaire Thermal Technology Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
ROA % 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 -14.42 -4.08 -2.44 -4.74 -1.87

TPE:2241 vs ORLY, AZO: ROA % Comparison

For the Auto Parts subindustry, Amulaire Thermal 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.


Amulaire Thermal Technology ROA % vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Amulaire Thermal Technology's ROA % distribution charts can be found below:

* The bar in red indicates where Amulaire Thermal Technology's ROA % falls into.


TPE:2241
44GF Score
Amulaire Thermal Technology Inc TPE:2241
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amulaire Thermal Technology ROA % Calculation

Amulaire Thermal Technology's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=-73.599/( (2399.184+2283.836)/ 2 )
=-73.599/2341.51
=-3.14 %

Amulaire Thermal Technology's annualized ROA % for the quarter that ended in Dec. 2025 is calculated as:

ROA %=Net Income (Q: Dec. 2025 )/( (Total Assets (Q: Sep. 2025 )+Total Assets (Q: Dec. 2025 ))/ count )
=-41.844/( (2185.145+2283.836)/ 2 )
=-41.844/2234.4905
=-1.87 %

* 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.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of -1.87% mean?
Amulaire Thermal Technology (TPE:2241) has a ROA % of -1.87% 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 Amulaire Thermal Technology and its competitors. According to the industry distribution chart, Amulaire Thermal Technology ranks #1127 out of 1331 companies in the Vehicles & Parts industry, placing it in the top 84.7%.
Is Amulaire Thermal Technology's ROA % too high?
Amulaire Thermal Technology's current ROA % is -1.87%. Based on the distribution chart, Amulaire Thermal Technology ranks #1127 out of 1331 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Amulaire Thermal Technology has a GF Score™ of 44/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Amulaire Thermal Technology's ROA % compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Amulaire Thermal Technology ranks #1127 out of 1331 companies for ROA %. This places Amulaire Thermal Technology in the lower half of its industry. The industry median ROA % is 2.95. 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 Vehicles & Parts company?
The median ROA % among Vehicles & Parts companies is 2.95, based on 1,331 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. 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 Amulaire Thermal Technology and its competitors. For the Vehicles & Parts industry, the median ROA % is 2.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amulaire Thermal Technology's current ROA % is -1.87%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amulaire Thermal Technology stock overvalued right now?
Based on GuruFocus' analysis, Amulaire Thermal Technology (TPE:2241) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$30.99, compared to a current price of NT$39.30 — trading 26.8% above its estimated fair value. The current ROA % is -1.87%. Amulaire Thermal Technology's overall GF Score™ is 44/100 with 1 warning sign 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 Amulaire Thermal Technology (TPE:2241), the current ROA % is -1.87% 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 Amulaire Thermal Technology (TPE:2241) Overvalued in 2026?

Based on GuruFocus' analysis, Amulaire Thermal Technology stock appears to be overvalued. The current stock price of NT$39.30 is trading 26.8% above its estimated GF Value™ of NT$30.99. GuruFocus considers Amulaire Thermal Technology to be Modestly Overvalued.

Key valuation signals for TPE:2241:

  • ROA %: -1.87%
  • GF Value™: NT$30.99 vs. price of NT$39.30 (26.8% above fair value)
  • GF Score™: 44/100 with 1 warning sign

No single metric tells the full story. See the TPE:2241 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amulaire Thermal Technology Business Description

Address Wenhua 3rd Road, 10th Floor, No. 455, Section 2, Linkou District, New Taipei City, Taipei, TWN
Amulaire Thermal Technology Inc is a Taiwan-based company engaged in manufacturing and sales of vehicles and electronic components by using several molding technology. Product includes Inverter cooling module and its components, Driving Assistance System, Other high-power electronic cooling systems and components. Geographically, the company operates in Taiwan, Germany, China, Poland, Japan, and Others, of which it derives maximum revenue from Germany.
44GF Score

Get the complete analysis for TPE:2241

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$39.30
Price
NT$30.99
GF Value