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Flagship Investments (ASX:FSI) ROA % : -1.33% (As of Dec. 2024)


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What is Flagship Investments ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Flagship Investments's annualized Net Income for the quarter that ended in Dec. 2024 was A$-1.19 Mil. Flagship Investments's average Total Assets over the quarter that ended in Dec. 2024 was A$89.57 Mil. Therefore, Flagship Investments's annualized ROA % for the quarter that ended in Dec. 2024 was -1.33%.

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

ASX:FSI' s ROA % Range Over the Past 10 Years
Min: -2.81   Med: 1.39   Max: 3.59
Current: -2.4

During the past 13 years, Flagship Investments's highest ROA % was 3.59%. The lowest was -2.81%. And the median was 1.39%.

ASX:FSI's ROA % is ranked worse than
80.65% of 1680 companies
in the Asset Management industry
Industry Median: 5.05 vs ASX:FSI: -2.40

Flagship Investments ROA % Historical Data

The historical data trend for Flagship Investments'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.

Flagship Investments ROA % Chart

Flagship Investments Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.87 -2.24 3.59 -1.13 -2.81

Flagship Investments Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
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 -0.65 -1.59 -1.99 -3.52 -1.33

Competitive Comparison of Flagship Investments's ROA %

For the Asset Management subindustry, Flagship Investments'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.


Flagship Investments's ROA % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Flagship Investments's ROA % distribution charts can be found below:

* The bar in red indicates where Flagship Investments's ROA % falls into.



Flagship Investments ROA % Calculation

Flagship Investments'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 )
=-2.276/( (73.664+88.184)/ 2 )
=-2.276/80.924
=-2.81 %

Flagship Investments'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 )
=-1.192/( (88.184+90.95)/ 2 )
=-1.192/89.567
=-1.33 %

* 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.


Flagship Investments  (ASX:FSI) 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
=-1.192/89.567
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.192 / -1.256)*(-1.256 / 89.567)
=Net Margin %*Asset Turnover
=94.9 %*-0.014
=-1.33 %

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.


Flagship Investments ROA % Related Terms

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Flagship Investments Business Description

Traded in Other Exchanges
N/A
Address
Corporate Centre One, Level 12, 2 Corporate Court, Bundall, QLD, AUS, 4217
Flagship Investments Ltd is an investment company that provides its investors access to the portfolio of Australian growth companies. The company's investment objective is to achieve medium to long-term capital growth and income by investing in a diversified portfolio of Australian companies; to preserve and enhance the NTA backing per share after allowing for inflation; and to provide shareholders with a fully franked dividend, which will grow at a rate over the rate of inflation.