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CDEVY (City Developments) ROA % : 0.72% (As of Jun. 2024)


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What is City Developments ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. City Developments's annualized Net Income for the quarter that ended in Jun. 2024 was $130 Mil. City Developments's average Total Assets over the quarter that ended in Jun. 2024 was $18,117 Mil. Therefore, City Developments's annualized ROA % for the quarter that ended in Jun. 2024 was 0.72%.

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

CDEVY' s ROA % Range Over the Past 10 Years
Min: -8.18   Med: 2.73   Max: 5.49
Current: 1.42

During the past 13 years, City Developments's highest ROA % was 5.49%. The lowest was -8.18%. And the median was 2.73%.

CDEVY's ROA % is ranked better than
53.47% of 1818 companies
in the Real Estate industry
Industry Median: 1.12 vs CDEVY: 1.42

City Developments ROA % Historical Data

The historical data trend for City Developments'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.

City Developments ROA % Chart

City Developments Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.57 -8.25 0.35 5.51 1.35

City Developments Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 9.47 1.46 0.58 2.14 0.72

Competitive Comparison of City Developments's ROA %

For the Real Estate - Development subindustry, City Developments'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.


City Developments's ROA % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, City Developments's ROA % distribution charts can be found below:

* The bar in red indicates where City Developments's ROA % falls into.



City Developments ROA % Calculation

City Developments's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=238.205/( (17000.328+18192.344)/ 2 )
=238.205/17596.336
=1.35 %

City Developments's annualized ROA % for the quarter that ended in Jun. 2024 is calculated as:

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=129.874/( (18192.344+18041.565)/ 2 )
=129.874/18116.9545
=0.72 %

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


City Developments  (OTCPK:CDEVY) 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: Jun. 2024 )
=Net Income/Total Assets
=129.874/18116.9545
=(Net Income / Revenue)*(Revenue / Total Assets)
=(129.874 / 2311.906)*(2311.906 / 18116.9545)
=Net Margin %*Asset Turnover
=5.62 %*0.1276
=0.72 %

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


City Developments ROA % Related Terms

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City Developments Business Description

Traded in Other Exchanges
Address
9 Raffles Place, No. 12-01 Republic Plaza, Singapore, SGP, 048619
City Developments Ltd operates as a property developer and owner, and investment holding company. Along with its subsidiaries, its principal activities are those of property developers and owners, hotel owners and operators, a club operator and owner, investment in properties and in shares, property management, project management, and provision of consultancy, procurement, and laundry services. The company's reportable segments are; Property development, Hotel operations, and Investment properties. The majority of the revenue is generated from its Property development segment which develops and purchases properties for sale. Key revenue for the company is generated from its operations in Singapore and the rest from Japan, China, the United States, United Kingdom, and other regions.