Taiwan Semiconductor Manufacturing (TSM) Return on Capital Employed [ROCE] (2009 - 2026)
Taiwan Semiconductor Manufacturing (TSM) posted Return on Capital Employed [ROCE] of 8.44% for Q2 2026, up 1.49 percentage points from 6.95% a year earlier but down 4.28 percentage points from the prior quarter.
Powered by 
Analysis
Taiwan Semiconductor Manufacturing (TSM) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025, Taiwan Semiconductor Manufacturing's Return on Capital Employed [ROCE] came in at 34.30%, up 7.85 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] shows a five-year change of +3.01 percentage points (FY2020 to FY2025).
- In prior years, Taiwan Semiconductor Manufacturing's Return on Capital Employed [ROCE] was 26.44% in FY2024 (+5.00 pp), 21.45% in FY2023 (-10.06 pp), 31.50% in FY2022 (+5.17 pp) and 26.34% in FY2021 (-4.95 pp).
- Quarterly Return on Capital Employed [ROCE] has run from a low of 4.88% in Q2 2024 to a high of 12.72% in Q1 2026 over five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased in each of the last eight quarters, with an average year-over-year change of +1.86 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Capital Employed [ROCE] in the past five years was Q3 2021, with a gain of 3.53 percentage points; the weakest was Q4 2023, with a drop of 3.84 percentage points.
- According to Business Quant data, Return on Capital Employed [ROCE] for the three prior quarters was 12.72% (Q1 2026), 11.90% (Q4 2025) and 7.08% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | SK hynix | 24,980.27 Bn | 24,964.04 Bn | 43.99 Bn | 52.74% |
| 2 | Taiwan Semiconductor Manufacturing | 10,337.48 Bn | 9,919.73 Bn | 31.04 Bn | 8.88% |
| 3 | Nvidia | 3,939.34 Bn | 3,713.50 Bn | 72.14 Bn | 80.04% |
| 4 | Broadcom | 1,653.85 Bn | 1,579.89 Bn | 20.46 Bn | 26.30% |
| 5 | Micron Technology | 880.27 Bn | 785.91 Bn | 47.05 Bn | 72.24% |
| 6 | Advanced Micro Devices | 875.86 Bn | 824.07 Bn | 7.21 Bn | 10.71% |
| 7 | Asml Holding | 576.26 Bn | 531.95 Bn | 5.90 Bn | - |
| 8 | Intel | 316.79 Bn | 179.50 Bn | 7.10 Bn | 0.99% |
| 9 | Applied Materials | 294.03 Bn | 294.03 Bn | 5.25 Bn | - |
| 10 | Lam Research | 282.21 Bn | 258.26 Bn | 4.30 Bn | 54.76% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 8.88% |
| Jun 30, 2026 | 8.44% |
| Mar 31, 2026 | 12.72% |
| Dec 31, 2025 | 11.90% |
| Sep 30, 2025 | 7.08% |
| Jun 30, 2025 | 6.95% |
| Mar 31, 2025 | 10.39% |
| Dec 31, 2024 | 9.82% |
| Sep 30, 2024 | 5.31% |
| Jun 30, 2024 | 4.88% |
| Mar 31, 2024 | 7.48% |
| Dec 31, 2023 | 7.70% |
| Sep 30, 2023 | 5.24% |
| Jun 30, 2023 | 5.94% |
| Mar 31, 2023 | 10.56% |
| Dec 31, 2022 | 11.55% |
| Sep 30, 2022 | 6.68% |
| Jun 30, 2022 | 6.55% |
| Mar 31, 2022 | 9.78% |
| Dec 31, 2021 | 9.78% |
API Access
Taiwan Semiconductor Manufacturing Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=TSM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "TSM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=TSM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();