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Mayank Cattle Food (BOM:544106) ROA % : 5.65% (As of Sep. 2024)


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What is Mayank Cattle Food ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Mayank Cattle Food's annualized Net Income for the quarter that ended in Sep. 2024 was ₹41 Mil. Mayank Cattle Food's average Total Assets over the quarter that ended in Sep. 2024 was ₹723 Mil. Therefore, Mayank Cattle Food's annualized ROA % for the quarter that ended in Sep. 2024 was 5.65%.

The historical rank and industry rank for Mayank Cattle Food's ROA % or its related term are showing as below:

BOM:544106' s ROA % Range Over the Past 10 Years
Min: 2.09   Med: 2.46   Max: 5.07
Current: 2.83

During the past 4 years, Mayank Cattle Food's highest ROA % was 5.07%. The lowest was 2.09%. And the median was 2.46%.

BOM:544106's ROA % is ranked worse than
54.86% of 1914 companies
in the Consumer Packaged Goods industry
Industry Median: 3.465 vs BOM:544106: 2.83

Mayank Cattle Food ROA % Historical Data

The historical data trend for Mayank Cattle Food'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.

Mayank Cattle Food ROA % Chart

Mayank Cattle Food Annual Data
Trend Mar21 Mar22 Mar23 Mar24
ROA %
2.09 2.10 2.81 5.07

Mayank Cattle Food Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Sep24
ROA % - - - - 5.65

Competitive Comparison of Mayank Cattle Food's ROA %

For the Farm Products subindustry, Mayank Cattle Food'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.


Mayank Cattle Food's ROA % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mayank Cattle Food's ROA % distribution charts can be found below:

* The bar in red indicates where Mayank Cattle Food's ROA % falls into.


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Mayank Cattle Food ROA % Calculation

Mayank Cattle Food'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 )
=30.343/( (489.241+707.059)/ 2 )
=30.343/598.15
=5.07 %

Mayank Cattle Food's annualized ROA % for the quarter that ended in Sep. 2024 is calculated as:

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=40.882/( (707.059+738.933)/ 2 )
=40.882/722.996
=5.65 %

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


Mayank Cattle Food  (BOM:544106) 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
=40.882/722.996
=(Net Income / Revenue)*(Revenue / Total Assets)
=(40.882 / 3589.39)*(3589.39 / 722.996)
=Net Margin %*Asset Turnover
=1.14 %*4.9646
=5.65 %

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


Mayank Cattle Food ROA % Related Terms

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Mayank Cattle Food Business Description

Traded in Other Exchanges
N/A
Address
Rajkot Jamnagar Highway, R. S. No. 162, Near Khandheri Stadium, Village Naranka, Tal. Paddhari, Rajkot, GJ, IND, 360110
Mayank Cattle Food Ltd is engaged in the manufacturing of Maize Cake (Cattle Feed) and maize Oil (Non-edible). The business process involves the purchase of the Maize Germ, then mechanized expelling, packaging, and selling of the Maize Oil and Maize Cake, and trade in Cotton cakes and Cotton Bales. Maize Oil or Corn Oil is extracted from the germ of Maize (Corn) and Maize Cake is the by-product obtained from the extraction of Maize Oil which is very high in fat or oil content.

Mayank Cattle Food Headlines

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