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SRJ Technologies Group (ASX:SRJ) ROA % : -165.30% (As of Jun. 2024)


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What is SRJ Technologies Group ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. SRJ Technologies Group's annualized Net Income for the quarter that ended in Jun. 2024 was A$-3.64 Mil. SRJ Technologies Group's average Total Assets over the quarter that ended in Jun. 2024 was A$2.20 Mil. Therefore, SRJ Technologies Group's annualized ROA % for the quarter that ended in Jun. 2024 was -165.30%.

The historical rank and industry rank for SRJ Technologies Group's ROA % or its related term are showing as below:

ASX:SRJ' s ROA % Range Over the Past 10 Years
Min: -144.71   Med: -101.03   Max: -81
Current: -125.81

During the past 4 years, SRJ Technologies Group's highest ROA % was -81.00%. The lowest was -144.71%. And the median was -101.03%.

ASX:SRJ's ROA % is ranked worse than
96.31% of 1058 companies
in the Oil & Gas industry
Industry Median: 2.08 vs ASX:SRJ: -125.81

SRJ Technologies Group ROA % Historical Data

The historical data trend for SRJ Technologies Group'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.

SRJ Technologies Group ROA % Chart

SRJ Technologies Group Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROA %
-81.00 -118.43 -144.71 -83.63

SRJ Technologies Group Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROA % Get a 7-Day Free Trial -179.13 -160.04 -79.10 -91.83 -165.30

Competitive Comparison of SRJ Technologies Group's ROA %

For the Oil & Gas Equipment & Services subindustry, SRJ Technologies Group'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.


SRJ Technologies Group's ROA % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, SRJ Technologies Group's ROA % distribution charts can be found below:

* The bar in red indicates where SRJ Technologies Group's ROA % falls into.



SRJ Technologies Group ROA % Calculation

SRJ Technologies Group'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 )
=-2.436/( (3.386+2.44)/ 2 )
=-2.436/2.913
=-83.63 %

SRJ Technologies Group's annualized ROA % for the quarter that ended in Jun. 2024 is calculated as:

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-3.64/( (2.44+1.964)/ 2 )
=-3.64/2.202
=-165.30 %

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


SRJ Technologies Group  (ASX:SRJ) 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: Jun. 2024 )
=Net Income/Total Assets
=-3.64/2.202
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.64 / 2.134)*(2.134 / 2.202)
=Net Margin %*Asset Turnover
=-170.57 %*0.9691
=-165.30 %

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


SRJ Technologies Group ROA % Related Terms

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SRJ Technologies Group Business Description

Traded in Other Exchanges
N/A
Address
Le Quai House, Le Quai D'Auvergne, Saint Helier, JEY, JE2 3TN
SRJ Technologies Group PLC develops and distributes a range of weld-free coupling and leak containment solutions for pipeline and process pipework systems. The products are designed for pipe repair and the emergency replacement market but can also be integrated into new pipeline builds. The Company also offers Asset Integrity Management consulting services to help asset owners develop and implement an effective asset integrity services.

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