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Silk Road Energy Services Group (HKSE:08250) ROA % : -3.05% (As of Dec. 2023)


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What is Silk Road Energy Services Group ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Silk Road Energy Services Group's annualized Net Income for the quarter that ended in Dec. 2023 was HK$-13 Mil. Silk Road Energy Services Group's average Total Assets over the quarter that ended in Dec. 2023 was HK$438 Mil. Therefore, Silk Road Energy Services Group's annualized ROA % for the quarter that ended in Dec. 2023 was -3.05%.

The historical rank and industry rank for Silk Road Energy Services Group's ROA % or its related term are showing as below:

HKSE:08250' s ROA % Range Over the Past 10 Years
Min: -16.43   Med: -7.66   Max: 2.47
Current: 2.47

During the past 13 years, Silk Road Energy Services Group's highest ROA % was 2.47%. The lowest was -16.43%. And the median was -7.66%.

HKSE:08250's ROA % is ranked better than
50.55% of 182 companies
in the Other Energy Sources industry
Industry Median: 2.41 vs HKSE:08250: 2.47

Silk Road Energy Services Group ROA % Historical Data

The historical data trend for Silk Road Energy Services Group'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.

Silk Road Energy Services Group ROA % Chart

Silk Road Energy Services Group Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.16 -16.43 -5.72 -1.88 0.31

Silk Road Energy Services Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -2.65 4.42 10.59 -2.55 -3.05

Competitive Comparison of Silk Road Energy Services Group's ROA %

For the Thermal Coal subindustry, Silk Road Energy Services Group'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.


Silk Road Energy Services Group's ROA % Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Silk Road Energy Services Group's ROA % distribution charts can be found below:

* The bar in red indicates where Silk Road Energy Services Group's ROA % falls into.



Silk Road Energy Services Group ROA % Calculation

Silk Road Energy Services Group's annualized ROA % for the fiscal year that ended in Jun. 2023 is calculated as:

ROA %=Net Income (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=1.459/( (455.448+480.292)/ 2 )
=1.459/467.87
=0.31 %

Silk Road Energy Services Group's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-13.352/( (0+437.644)/ 1 )
=-13.352/437.644
=-3.05 %

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


Silk Road Energy Services Group  (HKSE:08250) 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: Dec. 2023 )
=Net Income/Total Assets
=-13.352/437.644
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-13.352 / 5915.992)*(5915.992 / 437.644)
=Net Margin %*Asset Turnover
=-0.23 %*13.5178
=-3.05 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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.


Silk Road Energy Services Group ROA % Related Terms

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Silk Road Energy Services Group (HKSE:08250) Business Description

Traded in Other Exchanges
N/A
Address
166 -168 Gloucester Road, 16th Floor, Sing Ho Financial Building, Hong Kong, HKG
Silk Road Energy Services Group Ltd is a Hong Kong-based investment holding company involved in the coal mining business. It operates through given segments Trading fresh produce products, Coal mining and construction services, Money lending and Heating supply services. Its business is spread across Hong Kong, the People's Republic of China, and Mongolia. The majority of the revenue is contributed by Trading of fresh produce products.
Executives
Xu Gongming 2201 Interest of corporation controlled by you
Hong Shu Wan Tou Zi Ji Tuan Guo Ji You Xian Gong Si 2101 Beneficial owner
Yan Weiwei 2201 Interest of corporation controlled by you
Xing Lian Ke Ji You Xian Gong Si 2101 Beneficial owner
Wei Kai 2101 Beneficial owner
Chen Ying 2101 Beneficial owner
Liao Xiaofang 2101 Beneficial owner

Silk Road Energy Services Group (HKSE:08250) Headlines

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