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Biome Australia (ASX:BIO) ROA % : 9.26% (As of Dec. 2024)


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What is Biome Australia ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Biome Australia's annualized Net Income for the quarter that ended in Dec. 2024 was A$0.87 Mil. Biome Australia's average Total Assets over the quarter that ended in Dec. 2024 was A$9.36 Mil. Therefore, Biome Australia's annualized ROA % for the quarter that ended in Dec. 2024 was 9.26%.

The historical rank and industry rank for Biome Australia's ROA % or its related term are showing as below:

ASX:BIO' s ROA % Range Over the Past 10 Years
Min: -47.27   Med: -39.27   Max: 3.34
Current: 3.34

During the past 4 years, Biome Australia's highest ROA % was 3.34%. The lowest was -47.27%. And the median was -39.27%.

ASX:BIO's ROA % is ranked worse than
51.02% of 1917 companies
in the Consumer Packaged Goods industry
Industry Median: 3.47 vs ASX:BIO: 3.34

Biome Australia ROA % Historical Data

The historical data trend for Biome Australia'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.

Biome Australia ROA % Chart

Biome Australia Annual Data
Trend Jun21 Jun22 Jun23 Jun24
ROA %
- -47.27 -39.27 -21.09

Biome Australia Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
ROA % Get a 7-Day Free Trial -43.70 -34.91 -41.40 -3.75 9.26

Competitive Comparison of Biome Australia's ROA %

For the Packaged Foods subindustry, Biome Australia'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.


Biome Australia's ROA % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Biome Australia's ROA % distribution charts can be found below:

* The bar in red indicates where Biome Australia's ROA % falls into.



Biome Australia ROA % Calculation

Biome Australia's annualized ROA % for the fiscal year that ended in Jun. 2024 is calculated as:

ROA %=Net Income (A: Jun. 2024 )/( (Total Assets (A: Jun. 2023 )+Total Assets (A: Jun. 2024 ))/ count )
=-1.67/( (7.559+8.277)/ 2 )
=-1.67/7.918
=-21.09 %

Biome Australia's annualized ROA % for the quarter that ended in Dec. 2024 is calculated as:

ROA %=Net Income (Q: Dec. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=0.866/( (8.277+10.436)/ 2 )
=0.866/9.3565
=9.26 %

* 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 (Dec. 2024) net income data. ROA % is displayed in the 30-year financial page.


Biome Australia  (ASX:BIO) 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. 2024 )
=Net Income/Total Assets
=0.866/9.3565
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.866 / 17.728)*(17.728 / 9.3565)
=Net Margin %*Asset Turnover
=4.88 %*1.8947
=9.26 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.


Biome Australia ROA % Related Terms

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Biome Australia Business Description

Traded in Other Exchanges
N/A
Address
192-194 Johnston Street, Collingwood, VIC, AUS, 3066
Biome Australia Ltd licences, develops, and markets evidence-based, complementary medicines, including nutraceuticals food-based vitamins and weight management products and live biotherapeutics. The firm owns brands namely; Activated Nutrients: a range of completely organic, plant-based, all-in-one nutritional products; Activated Probiotics: a first-of-its-kind range of clinically-backed precision probiotics. The company has one operating segment: researching, developing, manufacturing and distributing innovative evidence-based products linking the gut and human health. Domestically it caters to Australia and In international markets, the Group distributes and markets its Activated Probiotics range in the United Kingdom and New Zealand through independent health practitioners.