ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Palasino Holdings's annualizedNet Income for the quarter that ended in Sep. 2023 was HK$0.0 Mil.
Palasino Holdings's average Total Assets over the quarter that ended in Sep. 2023 was HK$572.9 Mil. Therefore, Palasino Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was 0.00%.
The historical rank and industry rank for Palasino Holdings's ROA % or its related term are showing as below:
During the past 3 years, Palasino Holdings's highest ROA % was 7.40%. The lowest was 0.49%. And the median was 7.30%.
HKSE:02536's ROA % is not ranked *
in the Travel & Leisure industry.
Industry Median: 2.33 * Ranked among companies with meaningful ROA % only.
Palasino Holdings ROA % Historical Data
The historical data trend for Palasino 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.
* Premium members only.
Palasino Holdings ROA % Chart
Palasino Holdings Annual Data
Trend
Mar21
Mar22
Mar23
ROA %
0.49
7.30
7.40
Palasino Holdings Quarterly Data
Mar21
Mar22
Sep22
Mar23
Sep23
ROA %
-
-
-
-
-
Competitive Comparison of Palasino Holdings's ROA %
For the Resorts & Casinos subindustry, Palasino 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.
Palasino Holdings's ROA % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Palasino Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Palasino Holdings's ROA % falls into.
Palasino Holdings ROA % Calculation
Palasino Holdings's annualized ROA % for the fiscal year that ended in Mar. 2023 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 four times the quarterly (Sep. 2023) net income data.
ROA % is displayed in the 30-year financial page.
Palasino Holdings (HKSE:02536) 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 (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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.
Palasino Holdings ROA % Related Terms
Thank you for viewing the detailed overview of Palasino Holdings's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Palasino Holdings (HKSE:02536) Business Description
Palasino Holdings Ltd is an entertainment, gaming, and leisure group comprising (i) one integrated land-based casino and resort and two full-service land-based casinos operating in the Czech Republic, offering primarily slot machines and table games, and (ii) three hotels in Germany and one hotel in Austria that offer accommodation, catering, conference, and leisure services. It operates into two reportable segments: Gaming operations - operation of casinos and Hotel and catering operations - operation of hotel, catering, and related services. Key revenue is generated from Gaming operations - operation of casinos.
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