ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Chien Shing Harbour Service Co's annualizedNet Income for the quarter that ended in Mar. 2024 was NT$227 Mil.
Chien Shing Harbour Service Co's average Total Assets over the quarter that ended in Mar. 2024 was NT$15,574 Mil. Therefore, Chien Shing Harbour Service Co's annualized ROA % for the quarter that ended in Mar. 2024 was 1.46%.
The historical rank and industry rank for Chien Shing Harbour Service Co's ROA % or its related term are showing as below:
TPE:8367'
s ROA % Range Over the Past 10 Years
Min: 1.89 Med: 2.9 Max: 6.73
Current: 1.89
During the past 11 years, Chien Shing Harbour Service Co's highest ROA % was 6.73%. The lowest was 1.89%. And the median was 2.90%.
TPE:8367's ROA % is ranked worse than 66.91% of 979
companies
in the Transportation industry
Industry Median: 3.54
vs TPE:8367: 1.89
Chien Shing Harbour Service Co ROA % Historical 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.
Competitive Comparison of Chien Shing Harbour Service Co's ROA %
For the Marine Shipping subindustry, Chien Shing Harbour Service Co'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.
Chien Shing Harbour Service Co's ROA % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Chien Shing Harbour Service Co's ROA % distribution charts can be found below:
* The bar in red indicates where Chien Shing Harbour Service Co's ROA % falls into.
* 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 (Mar. 2024) net income data.
ROA % is displayed in the 30-year financial page.
Chien Shing Harbour Service Co (TPE:8367) 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 four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) 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.
Chien Shing Harbour Service Co ROA % Related Terms
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Chien Shing Harbour Service Co (TPE:8367) Business Description
Chien Shing Harbour Service Co Ltd is a Taiwan-based shipping company. Its main business activities include warehousing service, operation of gas stations, sale of gasoline and diesel, operation of convenience stores, automobile cargo transportation, automobile container transport, container leasing, operation of the container terminal, customs brokerage, and vessel stevedoring service. The group has four operating segments - The warehousing segment, the Customs brokerage department, the Transportation segment and the Vessel stevedoring segment. The majority is from the vessel stevedoring segment, which is responsible for stevedoring of break bulk cargo for businesses and shipping companies locally and abroad.
Chien Shing Harbour Service Co (TPE:8367) Headlines
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