Tangshan Jidong Cement Co (SZSE:000401) ROA %

: 2.70% (As of Jun. 2023)

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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Tangshan Jidong Cement Co's annualized Net Income for the quarter that ended in Jun. 2023 was ¥1,693 Mil. Tangshan Jidong Cement Co's average Total Assets over the quarter that ended in Jun. 2023 was ¥62,773 Mil. Therefore, Tangshan Jidong Cement Co's annualized ROA % for the quarter that ended in Jun. 2023 was 2.70%.

The historical rank and industry rank for Tangshan Jidong Cement Co's ROA % or its related term are showing as below:

SZSE:000401' s ROA % Range Over the Past 10 Years
Min: -4.01 Med: 1.62 Max: 4.76
Current: -0.24

During the past 13 years, Tangshan Jidong Cement Co's highest ROA % was 4.76%. The lowest was -4.01%. And the median was 1.62%.

SZSE:000401's ROA % is ranked worse than
76.63% of 368 companies
in the Building Materials industry
Industry Median: 3.10 vs SZSE:000401: -0.24

Tangshan Jidong Cement Co ROA % Historical Data

The historical data trend for Tangshan Jidong Cement 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.

Tangshan Jidong Cement Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROA %

2.93

4.06

4.76

4.71

2.22

Tangshan Jidong Cement Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
ROA %																9.03	3.20	-1.78	-5.07	2.70

Competitive Comparison

For the Building Materials subindustry, Tangshan Jidong Cement 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.

Annual Data Quarterly Data

Tangshan Jidong Cement Co ROA % Distribution

For the Building Materials industry and Basic Materials sector, Tangshan Jidong Cement Co's ROA % distribution charts can be found below:

* The bar in red indicates where Tangshan Jidong Cement Co's ROA % falls in comparison to its industry or sector. The grey bar indicates the ROA %'s extreme value range as defined by GuruFocus.

Tangshan Jidong Cement Co ROA % Calculation

Tangshan Jidong Cement Co'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 )
	=	1357.689	/	( (60330.436	+	62018.92)	/ 2 )
	=	1357.689	/	61174.678
	=	2.22 %

Tangshan Jidong Cement Co's annualized ROA % for the quarter that ended in Jun. 2023 is calculated as:

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	1692.976	/	( (62974.9	+	62570.687)	/ 2 )
	=	1692.976	/	62772.7935
	=	2.70 %

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

Tangshan Jidong Cement Co (SZSE:000401) 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:

	ROA %		(Q: Jun. 2023 )
=	Net Income	/	Total Assets
=	1692.976	/	62772.7935
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(1692.976 / 37206.32)	*	(37206.32 / 62772.7935)
=	Net Margin %	*	Asset Turnover
=	4.55 %	*	0.5927
=	2.70 %

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

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.

Tangshan Jidong Cement Co ROA % Related Terms

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Tangshan Jidong Cement Co (SZSE:000401) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tangshan Jidong Cement Co Ltd (SZSE:000401) » Definitions » ROA %

Traded in Other Exchanges

N/A

Address

Linyin Road, Fengrun District, Hebei Province, Tangshan, CHN, 064000

Website

http://www.jdsn.com.cn

Tangshan Jidong Cement Co Ltd is a China-based company engages in the manufacturing and selling of cement and clinker. Its products and services include English and American standard Portland cement, road Portland cement, slag Portland cement, and compound cement as well as logistics services. Its products are mainly used in the civil engineering, hydraulic construction, national defense and other projects.

Tangshan Jidong Cement Co (SZSE:000401) Headlines

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