ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Top Wealth Group Holding's annualizedNet Income for the quarter that ended in Jun. 2023 was $2.92 Mil.
Top Wealth Group Holding's average Total Assets over the quarter that ended in Jun. 2023 was $4.69 Mil. Therefore, Top Wealth Group Holding's annualized ROA % for the quarter that ended in Jun. 2023 was 62.22%.
The historical rank and industry rank for Top Wealth Group Holding's ROA % or its related term are showing as below:
TWG'
s ROA % Range Over the Past 10 Years
Min: -3.24 Med: 49.23 Max: 101.7
Current: 51.73
During the past 2 years, Top Wealth Group Holding's highest ROA % was 101.70%. The lowest was -3.24%. And the median was 49.23%.
TWG's ROA % is ranked better than 99.36% of 314
companies
in the Retail - Defensive industry
Industry Median: 3.415
vs TWG: 51.73
* 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.
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Top Wealth Group Holding ROA % Chart
Top Wealth Group Holding Annual Data
Trend
Dec21
Dec22
ROA %
-3.24
101.70
Top Wealth Group Holding Semi-Annual Data
Dec21
Jun22
Dec22
Jun23
ROA %
-
559.41
56.35
62.22
Competitive Comparison of Top Wealth Group Holding's ROA %
For the Food Distribution subindustry, Top Wealth Group Holding'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.
Top Wealth Group Holding's ROA % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Top Wealth Group Holding's ROA % distribution charts can be found below:
* The bar in red indicates where Top Wealth Group Holding's ROA % falls into.
Top Wealth Group Holding ROA % Calculation
Top Wealth Group Holding's annualized ROA % for the fiscal year that ended in Dec. 2022 is calculated as:
* 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 (Jun. 2023) net income data.
ROA % is displayed in the 30-year financial page.
Top Wealth Group Holding (NAS:TWG) 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 two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.
Top Wealth Group Holding ROA % Related Terms
Thank you for viewing the detailed overview of Top Wealth Group Holding's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Top Wealth Group Holding (Top Wealth Group Holding) Business Description
Top Wealth Group Holding Ltd is as supplier of caviar and offer caviar-based gourmet products. It is specialized in supplying high quality sturgeons caviar.
Top Wealth Group Holding (Top Wealth Group Holding) Headlines
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