ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nickel Industries's annualizedNet Income for the quarter that ended in Dec. 2025 was A$-206 Mil.
Nickel Industries's average Total Assets over the quarter that ended in Dec. 2025 was A$6,156 Mil. Therefore, Nickel Industries's annualized ROA % for the quarter that ended in Dec. 2025 was -3.34%.
The historical rank and industry rank for Nickel Industries's ROA % or its related term are showing as below:
ASX:NIC'
s ROA % Range Over the Past 10 Years
Min: -4.35 Med: 5.45 Max: 89.06
Current: -1.39
During the past 8 years, Nickel Industries's highest ROA % was 89.06%. The lowest was -4.35%. And the median was 5.45%.
ASX:NIC's ROA % is ranked better than 73.51% of 2665
companies
in the Metals & Mining industry
Industry Median: -16.81
vs ASX:NIC: -1.39
Nickel Industries (ASX:NIC) 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 two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
Nickel Industries ROA % Related Terms
Nickel Industries ROA % Historical Data
* Premium members only.
The historical data trend for Nickel Industries'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.
For the Other Industrial Metals & Mining subindustry, Nickel Industries'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.
Nickel Industries ROA % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Industries's ROA % distribution charts can be found below:
* The bar in red indicates where Nickel Industries's ROA % falls into.
* 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. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Nickel Industries (ASX:NIC) has a ROA % of -3.34% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nickel Industries and its competitors. According to the industry distribution chart, Nickel Industries ranks #706 out of 2665 companies in the Metals & Mining industry, placing it in the top 26.5%.
Is Nickel Industries' ROA % too high?
Nickel Industries' current ROA % is -3.34%. Based on the distribution chart, Nickel Industries ranks #706 out of 2665 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Nickel Industries has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' ROA % compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Industries ranks #706 out of 2665 companies for ROA %. This puts Nickel Industries in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Metals & Mining company?
A good ROA % depends on the Metals & Mining industry context. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nickel Industries and its competitors. Nickel Industries's current ROA % is -3.34%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Industries stock overvalued right now?
Based on GuruFocus' analysis, Nickel Industries (ASX:NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.74, compared to a current price of A$0.89 — trading 20.3% above its estimated fair value. The current ROA % is -3.34%. Nickel Industries' overall GF Score™ is 63/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Nickel Industries (ASX:NIC), the current ROA % is -3.34% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nickel Industries (ASX:NIC) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Industries stock appears to be overvalued.
The current stock price of A$0.89 is trading 20.3% above its estimated GF Value™ of A$0.74.
GuruFocus considers Nickel Industries to be Modestly Overvalued.
Key valuation signals for ASX:NIC:
ROA %: -3.34%
GF Value™: A$0.74 vs. price of A$0.89 (20.3% above fair value)
No single metric tells the full story. See the ASX:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. The group has three segments: nickel ore mining in Indonesia, the RKEF projects in Indonesia and Singapore, and the HPAL projects in Indonesia. Its principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel, and RKEF projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project within the Indonesia Weda Bay Industrial Park (IWIP), and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in proximity to the IMIP.
63GF Score
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