ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. ESR LOGOS REIT's annualizedNet Income for the quarter that ended in Jun. 2023 was S$-44.5 Mil.
ESR LOGOS REIT's average Total Assets over the quarter that ended in Jun. 2023 was S$5,596.9 Mil. Therefore, ESR LOGOS REIT's annualized ROA % for the quarter that ended in Jun. 2023 was -0.80%.
The historical rank and industry rank for ESR LOGOS REIT's ROA % or its related term are showing as below:
SGX:J91U'
s ROA % Range Over the Past 10 Years
Min: -9.8 Med: 0.41 Max: 9.27
Current: 0.82
During the past 13 years, ESR LOGOS REIT's highest ROA % was 9.27%. The lowest was -9.80%. And the median was 0.41%.
SGX:J91U's ROA % is ranked worse than 62.7% of 799
companies
in the REITs industry
Industry Median: 2.18
vs SGX:J91U: 0.82
ESR LOGOS REIT ROA % Historical Data
The historical data trend for ESR LOGOS REIT'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.
For the REIT - Industrial subindustry, ESR LOGOS REIT'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.
ESR LOGOS REIT's ROA % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, ESR LOGOS REIT's ROA % distribution charts can be found below:
* The bar in red indicates where ESR LOGOS REIT's ROA % falls into.
ESR LOGOS REIT ROA % Calculation
ESR LOGOS REIT'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.
ESR LOGOS REIT (SGX:J91U) 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.
ESR LOGOS REIT ROA % Related Terms
Thank you for viewing the detailed overview of ESR LOGOS REIT's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
ESR-Logos REIT is a Singapore-focused REIT that invests primarily in industrial properties and business parks. Its portfolio consists of 82 properties (including joint ventures), with assets under management of SGD 5 billion, spreading across Singapore, Australia and Japan. Property types include business parks, general industrial, logistics and warehouse, and high-specification industrial properties. The trust also invested in three property funds, namely ESR Australia Logistics Partnership, New LAIVS Trust, and Oxford Property Fund. The trust is externally managed by ESR Funds Management (S) Limited, which in turn is majority-owned by parent, ESR Group. Overall, ESR Group has around 10% stake in the trust through direct and indirect interests.
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