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Vitura Health (ASX:VIT) ROA % : 10.98% (As of Dec. 2023)


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What is Vitura Health ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Vitura Health's annualized Net Income for the quarter that ended in Dec. 2023 was A$6.5 Mil. Vitura Health's average Total Assets over the quarter that ended in Dec. 2023 was A$59.6 Mil. Therefore, Vitura Health's annualized ROA % for the quarter that ended in Dec. 2023 was 10.98%.

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

ASX:VIT' s ROA % Range Over the Past 10 Years
Min: -28.01   Med: -0.63   Max: 30.77
Current: 16.81

During the past 5 years, Vitura Health's highest ROA % was 30.77%. The lowest was -28.01%. And the median was -0.63%.

ASX:VIT's ROA % is ranked better than
95.29% of 1082 companies
in the Drug Manufacturers industry
Industry Median: 1.535 vs ASX:VIT: 16.81

Vitura Health ROA % Historical Data

The historical data trend for Vitura Health'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.

Vitura Health ROA % Chart

Vitura Health Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23
ROA %
- -23.03 -28.01 21.78 30.77

Vitura Health Semi-Annual Data
Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROA % Get a 7-Day Free Trial Premium Member Only 27.99 13.60 33.58 25.67 10.98

Competitive Comparison of Vitura Health's ROA %

For the Drug Manufacturers - Specialty & Generic subindustry, Vitura Health'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.


Vitura Health's ROA % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Vitura Health's ROA % distribution charts can be found below:

* The bar in red indicates where Vitura Health's ROA % falls into.



Vitura Health ROA % Calculation

Vitura Health's annualized ROA % for the fiscal year that ended in Jun. 2023 is calculated as:

ROA %=Net Income (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=13.809/( (42.866+46.896)/ 2 )
=13.809/44.881
=30.77 %

Vitura Health's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=6.54/( (46.896+72.211)/ 2 )
=6.54/59.5535
=10.98 %

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


Vitura Health  (ASX:VIT) 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. 2023 )
=Net Income/Total Assets
=6.54/59.5535
=(Net Income / Revenue)*(Revenue / Total Assets)
=(6.54 / 119.948)*(119.948 / 59.5535)
=Net Margin %*Asset Turnover
=5.45 %*2.0141
=10.98 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) 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.


Vitura Health ROA % Related Terms

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Vitura Health (ASX:VIT) Business Description

Traded in Other Exchanges
N/A
Address
299 Toorak Road, Suite 8, Level 3, South Yarra, VIC, AUS, 3141
Vitura Health Ltd is focused on creating medicinal cannabis products and digital health solutions that connect and strengthen the ecosystem between patients, prescribers, pharmacists, and suppliers. The company has three business segments namely, the Medical segment, which involves the sale of medicinal cannabis products; the Clinics segment, which involves the operation of medicinal cannabis clinics; and the Consumer segment, which involves the sale of consumer (non-medical) products in Australia and previously in Asia. The company generates the majority of its revenue from the Medical segment. Geographically the company generates the majority of its revenue from Australia.

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