ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Vinyas Innovative Technologies's annualizedNet Income for the quarter that ended in Mar. 2023 was ₹73 Mil.
Vinyas Innovative Technologies's average Total Assets over the quarter that ended in Mar. 2023 was ₹2,187 Mil. Therefore, Vinyas Innovative Technologies's annualized ROA % for the quarter that ended in Mar. 2023 was 3.36%.
The historical rank and industry rank for Vinyas Innovative Technologies's ROA % or its related term are showing as below:
NSE:VINYAS'
s ROA % Range Over the Past 10 Years
Min: 0.5 Med: 0.67 Max: 3.36
Current: 3.36
During the past 3 years, Vinyas Innovative Technologies's highest ROA % was 3.36%. The lowest was 0.50%. And the median was 0.67%.
NSE:VINYAS's ROA % is ranked worse than 51.58% of 3011
companies
in the Industrial Products industry
Industry Median: 3.58
vs NSE:VINYAS: 3.36
Vinyas Innovative Technologies ROA % Historical 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.
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Vinyas Innovative Technologies ROA % Chart
Vinyas Innovative Technologies Annual Data
Trend
Mar21
Mar22
Mar23
ROA %
0.67
0.50
3.36
Vinyas Innovative Technologies Semi-Annual Data
Mar21
Mar22
Mar23
ROA %
0.67
0.50
3.36
Competitive Comparison of Vinyas Innovative Technologies's ROA %
For the Electrical Equipment & Parts subindustry, Vinyas Innovative Technologies'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.
Vinyas Innovative Technologies's ROA % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Vinyas Innovative Technologies's ROA % distribution charts can be found below:
* The bar in red indicates where Vinyas Innovative Technologies's ROA % falls into.
* 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 one times the annual (Mar. 2023) net income data.
ROA % is displayed in the 30-year financial page.
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 one times the annual (Mar. 2023) net income data. The Revenue data used here is one times the annual (Mar. 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.
Vinyas Innovative Technologies ROA % Related Terms
Thank you for viewing the detailed overview of Vinyas Innovative Technologies's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Vinyas Innovative Technologies (NSE:VINYAS) Business Description
Vinyas Innovative Technologies Ltd is a provider of design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers and Original Design Manufacturers in the Electronic Industry. As an integrated electronic manufacturing services provider, the Company offers a broad range of products and services across multiple industry segments. With wide industry knowledge, cutting-edge technologies & state-of-the-art infrastructure, Vinyas supports its Global partners from conceptualizing the design, engineering, and manufacturing to turnkey requirements for mission-critical applications.
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