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Icodex Publishing SolutionsBOM:544483 -5.17%22 ROA % is 4.95% as of Mar. 2026, which is 87% below its 10-year median of 37.37. GuruFocus rates BOM:544483 with a GF Score™ of 22/100. The stock has 4 warning signs investors should review. Among 2,895 Software companies, Icodex Publishing Solutions ranks better than 89.05% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Icodex Publishing Solutions's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹31.9 Mil.
Icodex Publishing Solutions's average Total Assets over the quarter that ended in Mar. 2026 was ₹644.5 Mil. Therefore, Icodex Publishing Solutions's annualized ROA % for the quarter that ended in Mar. 2026 was 4.95%.
The historical rank and industry rank for Icodex Publishing Solutions's ROA % or its related term are showing as below:
BOM:544483'
s ROA % Range Over the Past 10 Years
Min: 13.85 Med: 37.37 Max: 53.23
Current: 13.85
During the past 5 years, Icodex Publishing Solutions's highest ROA % was 53.23%. The lowest was 13.85%. And the median was 37.37%.
BOM:544483's ROA % is ranked better than 89.05% of 2895
companies
in the Software industry
Industry Median: 1.71
vs BOM:544483: 13.85
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 two times the semi-annual (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (Mar. 2026) 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.
* 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 Software - Application subindustry, Icodex Publishing Solutions'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.
Icodex Publishing Solutions ROA % vs Software Industry
For the Software industry and Technology sector, Icodex Publishing Solutions's ROA % distribution charts can be found below:
* The bar in red indicates where Icodex Publishing Solutions'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 two times the semi-annual (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Icodex Publishing Solutions (BOM:544483) has a ROA % of 4.95% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Icodex Publishing Solutions and its competitors. This is 87% below median its historical median of 37.37. Over the past decade, Icodex Publishing Solutions' ROA % has ranged from 13.85 to 53.23. According to the industry distribution chart, Icodex Publishing Solutions ranks #317 out of 2895 companies in the Software industry, placing it in the top 10.9%.
Is Icodex Publishing Solutions' ROA % too high?
Icodex Publishing Solutions' current ROA % of 4.95% is 87% below median its 10-year median of 37.37. Over the past 10 years, this metric has ranged from a low of 13.85 to a high of 53.23. The Software industry median ROA % is 1.71. Icodex Publishing Solutions' value of 4.95% is 189.5% above this industry median. Based on the distribution chart, Icodex Publishing Solutions ranks #317 out of 2895 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Icodex Publishing Solutions has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Icodex Publishing Solutions' ROA % compare to QH and SHOP?
According to the Software industry distribution chart, Icodex Publishing Solutions ranks #317 out of 2895 companies for ROA %. This places Icodex Publishing Solutions in the top 11% of its industry — outperforming the majority of peers. The industry median ROA % is 1.71. Icodex Publishing Solutions' value of 4.95% is 189.5% above this benchmark. Historically, Icodex Publishing Solutions' own ROA % has ranged from 13.85 to 53.23 over the past decade. While the company's 10-year median is 37.37 vs. the industry median of 1.71, Icodex Publishing Solutions 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 Software company?
The median ROA % among Software companies is 1.71, based on 2,895 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. Icodex Publishing Solutions's current ROA % of 4.95% is 189.5% 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 Icodex Publishing Solutions and its competitors. For the Software industry, the median ROA % is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Icodex Publishing Solutions's current ROA % is 4.95%, which is 87% below median its own 10-year median of 37.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Icodex Publishing Solutions stock overvalued right now?
Icodex Publishing Solutions (BOM:544483) has a current ROA % of 4.95%. The current ROA % is 4.95%, which is 87% below median its 10-year median of 37.37 and 189.5% above the Software industry median of 1.71. Icodex Publishing Solutions' overall GF Score™ is 22/100 with 4 warning signs to review. 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 Icodex Publishing Solutions (BOM:544483), the current ROA % is 4.95% as of Mar. 2026. 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.
Icodex Publishing Solutions Ltd is engaged in the business of Software Product Development for Scholarly Publishing. Its Software products help in publication of research papers, studies and academic articles; that help researchers, academicians, and scholars in their field of work. The company specializes in a developing and providing publishing products and software, which support the publishing process, i.e., from manuscript preparation till print and digital content distribution. It also provides Business Process Management services that support the publishing process with activities like Quality assurance checks, editorial services and back-end support to its Global Publishing Client.
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