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Poly Developments and Holdings Group Co (SHSE:600048) ROA % : -0.34% (As of Dec. 2023)


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What is Poly Developments and Holdings Group Co ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Poly Developments and Holdings Group Co's annualized Net Income for the quarter that ended in Dec. 2023 was ¥-4,902 Mil. Poly Developments and Holdings Group Co's average Total Assets over the quarter that ended in Dec. 2023 was ¥1,437,565 Mil. Therefore, Poly Developments and Holdings Group Co's annualized ROA % for the quarter that ended in Dec. 2023 was -0.34%.

The historical rank and industry rank for Poly Developments and Holdings Group Co's ROA % or its related term are showing as below:

SHSE:600048' s ROA % Range Over the Past 10 Years
Min: 0.83   Med: 2.61   Max: 3.59
Current: 0.83

During the past 13 years, Poly Developments and Holdings Group Co's highest ROA % was 3.59%. The lowest was 0.83%. And the median was 2.61%.

SHSE:600048's ROA % is ranked worse than
53.3% of 1833 companies
in the Real Estate industry
Industry Median: 1.14 vs SHSE:600048: 0.83

Poly Developments and Holdings Group Co ROA % Historical Data

The historical data trend for Poly Developments and Holdings Group Co'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.

Poly Developments and Holdings Group Co ROA % Chart

Poly Developments and Holdings Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.97 2.53 2.06 1.28 0.83

Poly Developments and Holdings Group Co 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 1.43 0.75 2.64 0.30 -0.34

Competitive Comparison of Poly Developments and Holdings Group Co's ROA %

For the Real Estate - Development subindustry, Poly Developments and Holdings Group 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.


Poly Developments and Holdings Group Co's ROA % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Poly Developments and Holdings Group Co's ROA % distribution charts can be found below:

* The bar in red indicates where Poly Developments and Holdings Group Co's ROA % falls into.



Poly Developments and Holdings Group Co ROA % Calculation

Poly Developments and Holdings Group Co's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=12067.157/( (1471352.974+1436911.79)/ 2 )
=12067.157/1454132.382
=0.83 %

Poly Developments and Holdings Group Co'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 )
=-4901.936/( (1438217.698+1436911.79)/ 2 )
=-4901.936/1437564.744
=-0.34 %

* 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.


Poly Developments and Holdings Group Co  (SHSE:600048) 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
=-4901.936/1437564.744
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-4901.936 / 617354.276)*(617354.276 / 1437564.744)
=Net Margin %*Asset Turnover
=-0.79 %*0.4294
=-0.34 %

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.


Poly Developments and Holdings Group Co ROA % Related Terms

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Poly Developments and Holdings Group Co (SHSE:600048) Business Description

Traded in Other Exchanges
N/A
Address
No. 688 Yuejiang Middle Road, Poly International Square North Tower, 30-33 Layer, Haizhu District, Guangdong Province, Guangzhou, CHN, 510308
Poly Developments and Holdings is a large real estate developer in China. It is ranked number five by sales value among all Chinese developers in 2019. It has over 600 projects across 100 cities. Property development accounts for 95% of earnings, with property investments and finance income contributing the rest. The company is a subsidiary of China Poly Group, a prominent central-government-controlled state-owned enterprise with ties to the military. China Poly Group holds an aggregate controlling stake of 41% in the company.

Poly Developments and Holdings Group Co (SHSE:600048) Headlines

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