ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Grupo Casas Bahia's annualizedNet Income for the quarter that ended in Dec. 2023 was R$-4,000 Mil.
Grupo Casas Bahia's average Total Assets over the quarter that ended in Dec. 2023 was R$32,133 Mil. Therefore, Grupo Casas Bahia's annualized ROA % for the quarter that ended in Dec. 2023 was -12.45%.
The historical rank and industry rank for Grupo Casas Bahia's ROA % or its related term are showing as below:
BSP:BHIA3'
s ROA % Range Over the Past 10 Years
Min: -7.86 Med: -0.72 Max: 6.37
Current: -7.86
During the past 13 years, Grupo Casas Bahia's highest ROA % was 6.37%. The lowest was -7.86%. And the median was -0.72%.
BSP:BHIA3's ROA % is ranked worse than 83.63% of 1118
companies
in the Retail - Cyclical industry
Industry Median: 2.195
vs BSP:BHIA3: -7.86
Grupo Casas Bahia ROA % Historical Data
The historical data trend for Grupo Casas Bahia'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.
Competitive Comparison of Grupo Casas Bahia's ROA %
For the Specialty Retail subindustry, Grupo Casas Bahia'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.
Grupo Casas Bahia's ROA % Distribution in the Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Grupo Casas Bahia's ROA % distribution charts can be found below:
* The bar in red indicates where Grupo Casas Bahia's ROA % falls into.
Grupo Casas Bahia ROA % Calculation
Grupo Casas Bahia's annualized ROA % for the fiscal year that ended in Dec. 2023 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 four times the quarterly (Dec. 2023) net income data.
ROA % is displayed in the 30-year financial page.
Grupo Casas Bahia (BSP:BHIA3) 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 (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.
Grupo Casas Bahia ROA % Related Terms
Thank you for viewing the detailed overview of Grupo Casas Bahia's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Grupo Casas Bahia (BSP:BHIA3) Business Description
Grupo Casas Bahia SA formerly Via SA is a Brazil-based retailer that is principally engaged in the sale of consumer electronics, home appliances, mobile phones, and furniture. The company also provides credit card services to clients. The company operates through two traditional retail brand chains in Brazil; Casas Bahia and Pontofrio. Over two-thirds of the company's stores are under the Casas Bahia name, and all of its stores are located in Brazil. In addition to physical stores, the company also sells products through its websites of CNova.
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