ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Bangkok Expressway's annualizedNet Income for the quarter that ended in Sep. 2015 was ฿6,669.65 Mil.
Bangkok Expressway's average Total Assets over the quarter that ended in Sep. 2015 was ฿56,976.71 Mil. Therefore, Bangkok Expressway's annualized ROA % for the quarter that ended in Sep. 2015 was 11.71%.
The historical rank and industry rank for Bangkok Expressway's ROA % or its related term are showing as below:
BKK:BECL-R'
s ROA % Range Over the Past 10 Years
Min: 3.05 Med: 3.82 Max: 11.34
Current: 7.26
During the past 12 years, Bangkok Expressway's highest ROA % was 11.34%. The lowest was 3.05%. And the median was 3.82%.
BKK:BECL-R's ROA % is not ranked
in the Construction industry.
Industry Median: 2.79
vs BKK:BECL-R: 7.26
Bangkok Expressway (BKK:BECL-R) 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 four times the quarterly (Sep. 2015) net income data. The Revenue data used here is four times the quarterly (Sep. 2015) 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.
Bangkok Expressway ROA % Related Terms
Bangkok Expressway ROA % Historical Data
* Premium members only.
The historical data trend for Bangkok Expressway'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 Engineering & Construction subindustry, Bangkok Expressway'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.
Bangkok Expressway ROA % vs Construction Industry
For the Construction industry and Industrials sector, Bangkok Expressway's ROA % distribution charts can be found below:
* The bar in red indicates where Bangkok Expressway'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 four times the quarterly (Sep. 2015) net income data.
ROA % is displayed in the 30-year financial page.
Bangkok Expressway (BKK:BECL-R) has a ROA % of 11.71% as of Sep. 2015. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Bangkok Expressway and its competitors. This is 207% above median its historical median of 3.82. Over the past decade, Bangkok Expressway's ROA % has ranged from 3.05 to 11.34.
Is Bangkok Expressway's ROA % too high?
Bangkok Expressway's current ROA % of 11.71% is 207% above median its 10-year median of 3.82. Over the past 10 years, this metric has ranged from a low of 3.05 to a high of 11.34. The Construction industry median ROA % is 2.79. Bangkok Expressway's value of 11.71% is 319.7% above this industry median.
How does Bangkok Expressway's ROA % compare to GVA and PRIM?
Bangkok Expressway's ROA % of 11.71% can be compared against companies in the Construction industry. The industry median ROA % is 2.79. Bangkok Expressway's value of 11.71% is 319.7% above this benchmark. Historically, Bangkok Expressway's own ROA % has ranged from 3.05 to 11.34 over the past decade. While the company's 10-year median is 3.82 vs. the industry median of 2.79, Bangkok Expressway has consistently been above the industry average. 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 Construction company?
The median ROA % among Construction companies is 2.79, based on 1,782 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bangkok Expressway's current ROA % of 11.71% is 319.7% above the industry median. 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 Bangkok Expressway and its competitors. For the Construction industry, the median ROA % is 2.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangkok Expressway's current ROA % is 11.71%, which is 207% above median its own 10-year median of 3.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangkok Expressway stock overvalued right now?
Bangkok Expressway (BKK:BECL-R) has a current ROA % of 11.71%. The current ROA % is 11.71%, which is 207% above median its 10-year median of 3.82 and 319.7% above the Construction industry median of 2.79. 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 Bangkok Expressway (BKK:BECL-R), the current ROA % is 11.71% as of Sep. 2015. 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.
Bangkok Expressway Public Company Limited engages in the design, construction, management, and operation of expressways in Thailand. The Company is engaged in the construction and management of Si Rat Expressway (Second Stage Expressway Project) and other extensions, including related businesses under the Second Stage Expressway agreement with the Expressway Authority of Thailand (EXAT); and the Udon Ratthaya Expressway under the Bang Pa-in-Pak Kret Expressway agreement entered into between EXAT and the Company.
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