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Quest Capital Markets (BOM:500069) ROA % : 0.23% (As of Sep. 2024)


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What is Quest Capital Markets ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Quest Capital Markets's annualized Net Income for the quarter that ended in Sep. 2024 was ₹42.4 Mil. Quest Capital Markets's average Total Assets over the quarter that ended in Sep. 2024 was ₹18,051.3 Mil. Therefore, Quest Capital Markets's annualized ROA % for the quarter that ended in Sep. 2024 was 0.23%.

The historical rank and industry rank for Quest Capital Markets's ROA % or its related term are showing as below:

BOM:500069' s ROA % Range Over the Past 10 Years
Min: 1.04   Med: 2.96   Max: 12.58
Current: 1.66

During the past 13 years, Quest Capital Markets's highest ROA % was 12.58%. The lowest was 1.04%. And the median was 2.96%.

BOM:500069's ROA % is ranked better than
50.94% of 799 companies
in the Capital Markets industry
Industry Median: 1.57 vs BOM:500069: 1.66

Quest Capital Markets ROA % Historical Data

The historical data trend for Quest Capital Markets'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.

Quest Capital Markets ROA % Chart

Quest Capital Markets Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.90 4.12 3.26 2.42 2.32

Quest Capital Markets Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 0.42 0.44 6.68 0.45 0.23

Competitive Comparison of Quest Capital Markets's ROA %

For the Capital Markets subindustry, Quest Capital Markets'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.


Quest Capital Markets's ROA % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Quest Capital Markets's ROA % distribution charts can be found below:

* The bar in red indicates where Quest Capital Markets's ROA % falls into.



Quest Capital Markets ROA % Calculation

Quest Capital Markets's annualized ROA % for the fiscal year that ended in Mar. 2024 is calculated as:

ROA %=Net Income (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=201.517/( (6981.775+10357.917)/ 2 )
=201.517/8669.846
=2.32 %

Quest Capital Markets's annualized ROA % for the quarter that ended in Sep. 2024 is calculated as:

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=42.412/( (0+18051.341)/ 1 )
=42.412/18051.341
=0.23 %

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


Quest Capital Markets  (BOM:500069) 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: Sep. 2024 )
=Net Income/Total Assets
=42.412/18051.341
=(Net Income / Revenue)*(Revenue / Total Assets)
=(42.412 / 33.684)*(33.684 / 18051.341)
=Net Margin %*Asset Turnover
=125.91 %*0.0019
=0.23 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


Quest Capital Markets ROA % Related Terms

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Quest Capital Markets Business Description

Traded in Other Exchanges
N/A
Address
No. 31, Netaji Subhas Road, Duncan House, Kolkata, WB, IND, 700 019
Quest Capital Markets Ltd has diversified activities in financial services and investment counseling. The services of the company includes Securities Broking, Commodities Broking, Online trading in securities, Wealth Management, Distribution services, Depository services, and Other Financial Services. The company serves services in the financial sector, capital markets, and commodities exchanges. Its clients spread from Institutions, Corporate Houses, and High Net worth Investors.

Quest Capital Markets Headlines

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