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Mori Trust Reit (Mori Trust Reit) ROA % : 1.85% (As of Sep. 2022)


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What is Mori Trust Reit ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Mori Trust Reit's annualized Net Income for the quarter that ended in Sep. 2022 was $46.50 Mil. Mori Trust Reit's average Total Assets over the quarter that ended in Sep. 2022 was $2,508.00 Mil. Therefore, Mori Trust Reit's annualized ROA % for the quarter that ended in Sep. 2022 was 1.85%.

The historical rank and industry rank for Mori Trust Reit's ROA % or its related term are showing as below:

MRGIF's ROA % is not ranked *
in the REITs industry.
Industry Median: 2.15
* Ranked among companies with meaningful ROA % only.

Mori Trust Reit ROA % Historical Data

The historical data trend for Mori Trust 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.

* Premium members only.

Mori Trust Reit ROA % Chart

Mori Trust Reit Annual Data
Trend Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.91 3.02 3.09 3.03 2.09

Mori Trust Reit Semi-Annual Data
Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Feb24
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.06 3.04 2.68 1.85 4.26

Competitive Comparison of Mori Trust Reit's ROA %

For the REIT - Office subindustry, Mori Trust 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.


Mori Trust Reit's ROA % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Mori Trust Reit's ROA % distribution charts can be found below:

* The bar in red indicates where Mori Trust Reit's ROA % falls into.



Mori Trust Reit ROA % Calculation

Mori Trust Reit's annualized ROA % for the fiscal year that ended in Sep. 2022 is calculated as:

ROA %=Net Income (A: Sep. 2022 )/( (Total Assets (A: Sep. 2021 )+Total Assets (A: Sep. 2022 ))/ count )
=54.916/( (2980.08+2274.563)/ 2 )
=54.916/2627.3215
=2.09 %

Mori Trust Reit's annualized ROA % for the quarter that ended in Sep. 2022 is calculated as:

ROA %=Net Income (Q: Sep. 2022 )/( (Total Assets (Q: Mar. 2022 )+Total Assets (Q: Sep. 2022 ))/ count )
=46.498/( (2741.429+2274.563)/ 2 )
=46.498/2507.996
=1.85 %

* 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 (Sep. 2022) net income data. ROA % is displayed in the 30-year financial page.


Mori Trust Reit  (OTCPK:MRGIF) 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 bank’s 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:

ROA %(Q: Sep. 2022 )
=Net Income/Total Assets
=46.498/2507.996
=(Net Income / Revenue)*(Revenue / Total Assets)
=(46.498 / 96.344)*(96.344 / 2507.996)
=Net Margin %*Asset Turnover
=48.26 %*0.0384
=1.85 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2022) net income data. The Revenue data used here is two times the semi-annual (Sep. 2022) 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.


Mori Trust Reit ROA % Related Terms

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Mori Trust Reit (Mori Trust Reit) Business Description

Traded in Other Exchanges
Address
3-1 Toranomon 4-chome, Minato-ku, Tokyo, JPN
Mori Trust Reit Inc is a real estate investment trust company. Its objective is to achieve sustainable growth and stable earnings from mid- to long-term perspectives. It invests in office buildings, commercial facilities, housings, and hotels. The company owns more than 10 properties in and around Central Tokyo and others. The company generates its revenue from its leasing business.

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