Ase Industrial Holding Stock Return On Equity

ASX Stock

USD 10.05 0.30 2.90%

ASE Industrial Holding fundamentals help investors to digest information that contributes to ASE Industrial's financial success or failures. It also enables traders to predict the movement of ASE Stock. The fundamental analysis module provides a way to measure ASE Industrial's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to ASE Industrial stock.

		Last Reported	Projected for Next Year
	Return On Equity	0.11	0.1

Return On Equity is likely to drop to 0.1 in 2024.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

ASE Industrial Holding Company Return On Equity Analysis

ASE Industrial's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Return On Equity

Net Income

Total Equity

More About Return On Equity | All Equity Analysis

Current ASE Industrial Return On Equity

0.11

Most of ASE Industrial's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, ASE Industrial Holding is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

ASE Return On Equity Driver Correlations

Understanding the fundamental principles of building solid financial models for ASE Industrial is extremely important. It helps to project a fair market value of ASE Stock properly, considering its historical fundamentals such as Return On Equity. Since ASE Industrial's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of ASE Industrial's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of ASE Industrial's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Long Term Debt	Good Will	Intangible Assets	Property Plant Equipment	Treasury Stock	Net Tangible Assets	Long Term Investments	Short Long Term Debt	Net Invested Capital	Cash And Equivalents	Net Working Capital	Capital Stock
Total Assets		0.97	0.78	0.74	0.98	0.98	0.42	0.87	0.99	0.82	-0.33	0.81	0.91	0.94	0.91	0.93	-0.75	0.57	0.35	0.02	0.91	0.59	0.82	0.54
Total Stockholder Equity	0.97		0.64	0.85	0.95	0.98	0.39	0.77	0.97	0.85	-0.2	0.77	0.84	0.86	0.81	0.92	-0.82	0.63	0.44	-0.07	0.85	0.51	0.82	0.63
Net Debt	0.78	0.64		0.21	0.79	0.7	0.45	0.94	0.74	0.51	-0.5	0.68	0.84	0.88	0.91	0.7	-0.35	0.32	0.11	0.2	0.78	0.56	0.59	0.14
Retained Earnings	0.74	0.85	0.21		0.7	0.81	0.06	0.43	0.77	0.72	-0.06	0.48	0.53	0.54	0.45	0.73	-0.83	0.68	0.45	-0.06	0.66	0.34	0.8	0.74
Accounts Payable	0.98	0.95	0.79	0.7		0.97	0.39	0.89	0.98	0.77	-0.33	0.82	0.9	0.93	0.9	0.9	-0.76	0.59	0.37	0.12	0.92	0.6	0.82	0.47
Net Receivables	0.98	0.98	0.7	0.81	0.97		0.35	0.81	0.98	0.83	-0.33	0.77	0.89	0.92	0.88	0.94	-0.79	0.64	0.35	0.08	0.93	0.59	0.87	0.64
Short Term Investments	0.42	0.39	0.45	0.06	0.39	0.35		0.42	0.4	0.44	0.01	0.41	0.36	0.42	0.46	0.33	-0.17	0.13	0.11	-0.35	0.19	0.27	0.05	-0.06
Total Liab	0.87	0.77	0.94	0.43	0.89	0.81	0.42		0.86	0.6	-0.41	0.74	0.83	0.87	0.87	0.75	-0.56	0.5	0.24	0.1	0.84	0.57	0.75	0.25
Total Current Assets	0.99	0.97	0.74	0.77	0.98	0.98	0.4	0.86		0.84	-0.26	0.75	0.84	0.89	0.85	0.87	-0.76	0.57	0.32	0.01	0.88	0.6	0.83	0.5
Short Term Debt	0.82	0.85	0.51	0.72	0.77	0.83	0.44	0.6	0.84		0.01	0.48	0.6	0.69	0.65	0.67	-0.52	0.33	0.11	-0.13	0.67	0.44	0.65	0.65
Common Stock	-0.33	-0.2	-0.5	-0.06	-0.33	-0.33	0.01	-0.41	-0.26	0.01		-0.49	-0.55	-0.55	-0.58	-0.46	0.24	-0.3	0.16	-0.44	-0.6	-0.41	-0.5	-0.24
Current Deferred Revenue	0.81	0.77	0.68	0.48	0.82	0.77	0.41	0.74	0.75	0.48	-0.49		0.84	0.83	0.84	0.83	-0.78	0.47	0.37	0.04	0.78	0.55	0.63	0.35
Long Term Debt	0.91	0.84	0.84	0.53	0.9	0.89	0.36	0.83	0.84	0.6	-0.55	0.84		0.96	0.96	0.95	-0.65	0.56	0.4	0.16	0.9	0.63	0.74	0.48
Good Will	0.94	0.86	0.88	0.54	0.93	0.92	0.42	0.87	0.89	0.69	-0.55	0.83	0.96		0.99	0.91	-0.63	0.51	0.19	0.2	0.94	0.61	0.77	0.48
Intangible Assets	0.91	0.81	0.91	0.45	0.9	0.88	0.46	0.87	0.85	0.65	-0.58	0.84	0.96	0.99		0.89	-0.58	0.47	0.17	0.2	0.91	0.63	0.72	0.42
Property Plant Equipment	0.93	0.92	0.7	0.73	0.9	0.94	0.33	0.75	0.87	0.67	-0.46	0.83	0.95	0.91	0.89		-0.78	0.68	0.5	0.08	0.9	0.54	0.8	0.64
Treasury Stock	-0.75	-0.82	-0.35	-0.83	-0.76	-0.79	-0.17	-0.56	-0.76	-0.52	0.24	-0.78	-0.65	-0.63	-0.58	-0.78		-0.76	-0.54	-0.1	-0.73	-0.53	-0.79	-0.54
Net Tangible Assets	0.57	0.63	0.32	0.68	0.59	0.64	0.13	0.5	0.57	0.33	-0.3	0.47	0.56	0.51	0.47	0.68	-0.76		0.54	0.19	0.64	0.3	0.75	0.56
Long Term Investments	0.35	0.44	0.11	0.45	0.37	0.35	0.11	0.24	0.32	0.11	0.16	0.37	0.4	0.19	0.17	0.5	-0.54	0.54		-0.18	0.21	0.11	0.24	0.2
Short Long Term Debt	0.02	-0.07	0.2	-0.06	0.12	0.08	-0.35	0.1	0.01	-0.13	-0.44	0.04	0.16	0.2	0.2	0.08	-0.1	0.19	-0.18		0.33	0.24	0.27	0.03
Net Invested Capital	0.91	0.85	0.78	0.66	0.92	0.93	0.19	0.84	0.88	0.67	-0.6	0.78	0.9	0.94	0.91	0.9	-0.73	0.64	0.21	0.33		0.62	0.92	0.62
Cash And Equivalents	0.59	0.51	0.56	0.34	0.6	0.59	0.27	0.57	0.6	0.44	-0.41	0.55	0.63	0.61	0.63	0.54	-0.53	0.3	0.11	0.24	0.62		0.58	0.24
Net Working Capital	0.82	0.82	0.59	0.8	0.82	0.87	0.05	0.75	0.83	0.65	-0.5	0.63	0.74	0.77	0.72	0.8	-0.79	0.75	0.24	0.27	0.92	0.58		0.69
Capital Stock	0.54	0.63	0.14	0.74	0.47	0.64	-0.06	0.25	0.5	0.65	-0.24	0.35	0.48	0.48	0.42	0.64	-0.54	0.56	0.2	0.03	0.62	0.24	0.69

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ASE Return On Equity Historical Pattern

Today, most investors in ASE Industrial Stock are looking for potential investment opportunities by analyzing not only static indicators but also various ASE Industrial's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's return on equity growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of ASE Industrial return on equity as a starting point in their analysis.

ASE Industrial Return On Equity

Timeline

For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

Competition

Predict ASE Industrial

Return On Equity Over Time

ASE Total Stockholder Equity

Total Stockholder Equity

312.72 Billion

At this time, ASE Industrial's Total Stockholder Equity is fairly stable compared to the past year.

Based on the latest financial disclosure, ASE Industrial Holding has a Return On Equity of 0.1052. This is 100.87% lower than that of the Semiconductors & Semiconductor Equipment sector and 94.09% lower than that of the Information Technology industry. The return on equity for all United States stocks is 133.94% lower than that of the firm.

ASE Return On Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses ASE Industrial's direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of ASE Industrial could also be used in its relative valuation, which is a method of valuing ASE Industrial by comparing valuation metrics of similar companies.

ASE Industrial is currently under evaluation in return on equity category among related companies.

ASE Industrial Current Valuation Drivers

We derive many important indicators used in calculating different scores of ASE Industrial from analyzing ASE Industrial's financial statements. These drivers represent accounts that assess ASE Industrial's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of ASE Industrial's important valuation drivers and their relationship over time.

	2019	2020	2021	2022	2023	2024 (projected)
Market Cap	707.1B	699.7B	930.0B	823.1B	1.2T	1.3T
Enterprise Value	861.9B	851.4B	1.1T	959.6B	1.4T	1.4T

ASE Fundamentals

	Return On Equity	0.11
	Return On Asset	0.0367
	Profit Margin	0.05 %
	Operating Margin	0.07 %
	Current Valuation	172.77 B
	Shares Outstanding	2.16 B
	Shares Owned By Institutions	6.94 %
	Number Of Shares Shorted	11.32 M
	Price To Earning	12.08 X
	Price To Book	2.56 X
	Price To Sales	0.04 X
	Revenue	581.91 B
	Gross Profit	134.93 B
	EBITDA	98.43 B
	Net Income	31.73 B
	Cash And Equivalents	10.4 B
	Cash Per Share	36.85 X
	Total Debt	179.22 B
	Debt To Equity	0.74 %
	Current Ratio	1.18 X
	Book Value Per Share	69.06 X
	Cash Flow From Operations	105.97 B
	Short Ratio	1.41 X
	Earnings Per Share	0.49 X
	Price To Earnings To Growth	1.38 X
	Target Price	10.61
	Number Of Employees	92.91 K
	Beta	1.09
	Market Capitalization	22.35 B
	Total Asset	666.58 B
	Retained Earnings	95.81 B
	Working Capital	78.11 B
	Current Asset	156.73 B
	Current Liabilities	122.7 B
	Annual Yield	0.06 %
	Five Year Return	3.37 %
	Net Asset	666.58 B

About ASE Industrial Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze ASE Industrial Holding's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ASE Industrial using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ASE Industrial Holding based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with ASE Industrial

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ASE Industrial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ASE Industrial will appreciate offsetting losses from the drop in the long position's value.

Moving together with ASE Stock

0.84	ENTG	Entegris Financial Report 9th of May 2024	Pair Corr
0.83	KLAC	KLA Tencor Earnings Call This Week	Pair Corr

Moving against ASE Stock

0.71	G	Genpact Limited Financial Report 8th of May 2024	Pair Corr
0.68	III	Information Services Financial Report 13th of May 2024	Pair Corr
0.67	ACLS	Axcelis Technologies Financial Report 1st of May 2024	Pair Corr
0.57	AEHR	Aehr Test Systems Financial Report 11th of July 2024	Pair Corr
0.52	ZD	Ziff Davis Financial Report 14th of May 2024	Pair Corr

The ability to find closely correlated positions to ASE Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASE Industrial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ASE Industrial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ASE Industrial Holding to buy it.

The correlation of ASE Industrial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASE Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASE Industrial Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for ASE Industrial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether ASE Industrial Holding offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ASE Industrial's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ase Industrial Holding Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ase Industrial Holding Stock:

How To Invest In ASE

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Is ASE Stock a good investment?

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What is ASE Industrial's Net Worth?

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Largest Semiconductors & Semiconductor Equipment Companies

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Largest Information Technology Companies

View

Check out ASE Industrial Piotroski F Score and ASE Industrial Altman Z Score analysis.

You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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When running ASE Industrial's price analysis, check to measure ASE Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ASE Industrial is operating at the current time. Most of ASE Industrial's value examination focuses on studying past and present price action to predict the probability of ASE Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ASE Industrial's price. Additionally, you may evaluate how the addition of ASE Industrial to your portfolios can decrease your overall portfolio volatility.

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Is ASE Industrial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ASE Industrial. If investors know ASE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ASE Industrial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.41)

Earnings Share

0.49

Revenue Per Share

270.918

Quarterly Revenue Growth

(0.1)

Return On Assets

0.0367

The market value of ASE Industrial Holding is measured differently than its book value, which is the value of ASE that is recorded on the company's balance sheet. Investors also form their own opinion of ASE Industrial's value that differs from its market value or its book value, called intrinsic value, which is ASE Industrial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ASE Industrial's market value can be influenced by many factors that don't directly affect ASE Industrial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between ASE Industrial's value and its price as these two are different measures arrived at by different means. Investors typically determine if ASE Industrial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ASE Industrial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Ase Industrial Holding Stock Return On Equity

ASE Industrial Holding Company Return On Equity Analysis

Return On Equity

Net Income

Total Equity

Current ASE Industrial Return On Equity

ASE Return On Equity Driver Correlations

ASE Return On Equity Historical Pattern

ASE Total Stockholder Equity

Total Stockholder Equity

312.72 Billion

ASE Return On Equity Peer Comparison

ASE Industrial Current Valuation Drivers

ASE Fundamentals

About ASE Industrial Fundamental Analysis

Pair Trading with ASE Industrial

Moving together with ASE Stock

Moving against ASE Stock

Complementary Tools for ASE Stock analysis

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