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Twintek Investment Holdings (HKSE:06182) ROA % : -15.63% (As of Sep. 2023)


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What is Twintek Investment Holdings ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Twintek Investment Holdings's annualized Net Income for the quarter that ended in Sep. 2023 was HK$-33.8 Mil. Twintek Investment Holdings's average Total Assets over the quarter that ended in Sep. 2023 was HK$216.1 Mil. Therefore, Twintek Investment Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was -15.63%.

The historical rank and industry rank for Twintek Investment Holdings's ROA % or its related term are showing as below:

HKSE:06182' s ROA % Range Over the Past 10 Years
Min: -16.16   Med: 5.06   Max: 22.94
Current: -16.16

During the past 9 years, Twintek Investment Holdings's highest ROA % was 22.94%. The lowest was -16.16%. And the median was 5.06%.

HKSE:06182's ROA % is ranked worse than
94.77% of 1664 companies
in the Construction industry
Industry Median: 2.62 vs HKSE:06182: -16.16

Twintek Investment Holdings ROA % Historical Data

The historical data trend for Twintek Investment 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.

Twintek Investment Holdings ROA % Chart

Twintek Investment Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROA %
Get a 7-Day Free Trial Premium Member Only 0.33 -10.83 5.06 5.65 -9.59

Twintek Investment Holdings Semi-Annual Data
Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 7.73 3.77 -2.38 -16.58 -15.63

Competitive Comparison of Twintek Investment Holdings's ROA %

For the Engineering & Construction subindustry, Twintek Investment 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.


Twintek Investment Holdings's ROA % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Twintek Investment Holdings's ROA % distribution charts can be found below:

* The bar in red indicates where Twintek Investment Holdings's ROA % falls into.



Twintek Investment Holdings ROA % Calculation

Twintek Investment Holdings's annualized ROA % for the fiscal year that ended in Mar. 2023 is calculated as:

ROA %=Net Income (A: Mar. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Mar. 2023 ))/ count )
=-23.206/( (252.691+231.158)/ 2 )
=-23.206/241.9245
=-9.59 %

Twintek Investment Holdings's annualized ROA % for the quarter that ended in Sep. 2023 is calculated as:

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-33.766/( (231.158+201.043)/ 2 )
=-33.766/216.1005
=-15.63 %

* 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. 2023) net income data. ROA % is displayed in the 30-year financial page.


Twintek Investment Holdings  (HKSE:06182) 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. 2023 )
=Net Income/Total Assets
=-33.766/216.1005
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-33.766 / 113.582)*(113.582 / 216.1005)
=Net Margin %*Asset Turnover
=-29.73 %*0.5256
=-15.63 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (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.


Twintek Investment Holdings ROA % Related Terms

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Twintek Investment Holdings (HKSE:06182) Business Description

Traded in Other Exchanges
N/A
Address
1065 King's Road, Quarry Bay, Room 806, 8th Floor, Eastern Centre, Hong Kong, HKG
Twintek Investment Holdings Ltd is a building materials contractor. The company offers building materials and relevant installation services mainly in Hong Kong. Its products include timber flooring products; interior wall-fill materials, in particular, gypsum block and drywall partition products interior composite panel lining, in particular, SPC wall panels, and woodwork products; and roof tiles. The Group's revenue was generated from two segments of construction contracts, sales of building materials A majority of revenue is generated from the Construction contract segment. The group's operations are located in Hong Kong.
Executives
Helios Enterprise Holding Limited 2101 Beneficial owner
Fung Pik Mei 2202 Interest of your spouse
Lo Wing Cheung 2201 Interest of corporation controlled by you

Twintek Investment Holdings (HKSE:06182) Headlines

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