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Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) ROA % : 26.33% (As of Sep. 2023)


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What is Cimsa Cimentonayi Ve Ticaret AS ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Cimsa Cimentonayi Ve Ticaret AS's annualized Net Income for the quarter that ended in Sep. 2023 was ₺3,803 Mil. Cimsa Cimentonayi Ve Ticaret AS's average Total Assets over the quarter that ended in Sep. 2023 was ₺14,441 Mil. Therefore, Cimsa Cimentonayi Ve Ticaret AS's annualized ROA % for the quarter that ended in Sep. 2023 was 26.33%.

The historical rank and industry rank for Cimsa Cimentonayi Ve Ticaret AS's ROA % or its related term are showing as below:

IST:CIMSA' s ROA % Range Over the Past 10 Years
Min: 0.36   Med: 11.99   Max: 40.74
Current: 21.31

During the past 13 years, Cimsa Cimentonayi Ve Ticaret AS's highest ROA % was 40.74%. The lowest was 0.36%. And the median was 11.99%.

IST:CIMSA's ROA % is ranked better than
97.68% of 388 companies
in the Building Materials industry
Industry Median: 3.135 vs IST:CIMSA: 21.31

Cimsa Cimentonayi Ve Ticaret AS ROA % Historical Data

The historical data trend for Cimsa Cimentonayi Ve Ticaret AS'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.

Cimsa Cimentonayi Ve Ticaret AS ROA % Chart

Cimsa Cimentonayi Ve Ticaret AS Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.61 0.36 3.94 19.59 40.74

Cimsa Cimentonayi Ve Ticaret AS Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 86.98 16.77 8.58 31.23 26.33

Competitive Comparison of Cimsa Cimentonayi Ve Ticaret AS's ROA %

For the Building Materials subindustry, Cimsa Cimentonayi Ve Ticaret AS'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.


Cimsa Cimentonayi Ve Ticaret AS's ROA % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Cimsa Cimentonayi Ve Ticaret AS's ROA % distribution charts can be found below:

* The bar in red indicates where Cimsa Cimentonayi Ve Ticaret AS's ROA % falls into.



Cimsa Cimentonayi Ve Ticaret AS ROA % Calculation

Cimsa Cimentonayi Ve Ticaret AS's annualized ROA % for the fiscal year that ended in Dec. 2022 is calculated as:

ROA %=Net Income (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=3431.573/( (5248.764+11598.581)/ 2 )
=3431.573/8423.6725
=40.74 %

Cimsa Cimentonayi Ve Ticaret AS's annualized ROA % for the quarter that ended in Sep. 2023 is calculated as:

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=3802.748/( (13911.681+14969.594)/ 2 )
=3802.748/14440.6375
=26.33 %

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


Cimsa Cimentonayi Ve Ticaret AS  (IST:CIMSA) 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
=3802.748/14440.6375
=(Net Income / Revenue)*(Revenue / Total Assets)
=(3802.748 / 15232.416)*(15232.416 / 14440.6375)
=Net Margin %*Asset Turnover
=24.96 %*1.0548
=26.33 %

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


Cimsa Cimentonayi Ve Ticaret AS ROA % Related Terms

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Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) Business Description

Traded in Other Exchanges
N/A
Address
Kayisdagi Cad. No: 1 Kat: 23-24, Allianz Tower Kucukbakkalkoy Mah., Istanbul, TUR, 34750
Cimsa Cimento Sanayi Ve Ticaret AS is a building materials company that manufactures and distributes various types of cement. Cimsa's product offerings include specialty cement, such as white cement and calculate aluminate cement and regular grey cement. Beyond the company's primary cement segment, Cimsa produces ready-mixed concrete and the company operates its distribution system. It generates the majority of its revenue from the Cement segment. The company is based in Turkey but maintains factories and operations across Europe.

Cimsa Cimentonayi Ve Ticaret AS (IST:CIMSA) Headlines

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