ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Fullshare Holdings's annualizedNet Income for the quarter that ended in Jun. 2023 was HK$-377 Mil.
Fullshare Holdings's average Total Assets over the quarter that ended in Jun. 2023 was HK$61,741 Mil. Therefore, Fullshare Holdings's annualized ROA % for the quarter that ended in Jun. 2023 was -0.61%.
The historical rank and industry rank for Fullshare Holdings's ROA % or its related term are showing as below:
HKSE:00607'
s ROA % Range Over the Past 10 Years
Min: -48.3 Med: -1.21 Max: 269.5
Current: -1.7
During the past 13 years, Fullshare Holdings's highest ROA % was 269.50%. The lowest was -48.30%. And the median was -1.21%.
HKSE:00607's ROA % is ranked worse than 79.93% of 3015
companies
in the Industrial Products industry
Industry Median: 3.5
vs HKSE:00607: -1.70
Fullshare Holdings ROA % Historical Data
The historical data trend for Fullshare Holdings'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.
Competitive Comparison of Fullshare Holdings's ROA %
For the Specialty Industrial Machinery subindustry, Fullshare Holdings'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.
Fullshare Holdings's ROA % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fullshare Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Fullshare Holdings's ROA % falls into.
Fullshare Holdings ROA % Calculation
Fullshare Holdings's annualized ROA % for the fiscal year that ended in Dec. 2022 is calculated as:
* 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 two times the semi-annual (Jun. 2023) net income data.
ROA % is displayed in the 30-year financial page.
Fullshare Holdings (HKSE:00607) 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 two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) 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.
Fullshare Holdings ROA % Related Terms
Thank you for viewing the detailed overview of Fullshare Holdings's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fullshare Holdings (HKSE:00607) Business Description
Fullshare Holdings Ltd is an investment holding company. The company operates through the following segments: properties; tourism; healthcare, education, and others; Investment and financial services; and New energy. The company derives the majority of its revenue from the new energy segment that involves the research, development, manufacture, and distribution of mechanical transmission equipment used in wind power and a wide range of industrial applications. Its geographical segments are China, the United States, Europe, Australia, and other countries. China accounts for the majority of the company's annual revenue.
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