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Nordnet AB (publ) (CHIX:SAVES) ROA % : 1.12% (As of Sep. 2024)


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What is Nordnet AB (publ) ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nordnet AB (publ)'s annualized Net Income for the quarter that ended in Sep. 2024 was kr2,787 Mil. Nordnet AB (publ)'s average Total Assets over the quarter that ended in Sep. 2024 was kr249,064 Mil. Therefore, Nordnet AB (publ)'s annualized ROA % for the quarter that ended in Sep. 2024 was 1.12%.

The historical rank and industry rank for Nordnet AB (publ)'s ROA % or its related term are showing as below:

CHIX:SAVEs' s ROA % Range Over the Past 10 Years
Min: 0.14   Med: 0.64   Max: 1.21
Current: 1.21

During the past 13 years, Nordnet AB (publ)'s highest ROA % was 1.21%. The lowest was 0.14%. And the median was 0.64%.

CHIX:SAVEs's ROA % is ranked worse than
54.76% of 798 companies
in the Capital Markets industry
Industry Median: 1.575 vs CHIX:SAVEs: 1.21

Nordnet AB (publ) ROA % Historical Data

The historical data trend for Nordnet AB (publ)'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.

Nordnet AB (publ) ROA % Chart

Nordnet AB (publ) 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 0.33 0.83 0.99 0.75 1.20

Nordnet AB (publ) 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 1.21 1.23 1.26 1.22 1.12

Competitive Comparison of Nordnet AB (publ)'s ROA %

For the Capital Markets subindustry, Nordnet AB (publ)'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.


Nordnet AB (publ)'s ROA % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Nordnet AB (publ)'s ROA % distribution charts can be found below:

* The bar in red indicates where Nordnet AB (publ)'s ROA % falls into.



Nordnet AB (publ) ROA % Calculation

Nordnet AB (publ)'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 )
=2578.7/( (206907.8+222249.7)/ 2 )
=2578.7/214578.75
=1.20 %

Nordnet AB (publ)'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 )
=2786.8/( (244507.3+253620.6)/ 2 )
=2786.8/249063.95
=1.12 %

* 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.


Nordnet AB (publ)  (CHIX:SAVEs) 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
=2786.8/249063.95
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2786.8 / 4902.8)*(4902.8 / 249063.95)
=Net Margin %*Asset Turnover
=56.84 %*0.0197
=1.12 %

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.


Nordnet AB (publ) ROA % Related Terms

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Nordnet AB (publ) Business Description

Traded in Other Exchanges
Address
Alstromergatan 39, Box 30099, Stockholm, SWE, SE-104 25
Nordnet AB (publ) is a digital platform in the Nordics for savings and investments. The company operates in Sweden, Norway, Denmark and Finland. Nordnet's purpose is to democratize savings and investments. It provides trading in a large number of equities, funds and other types of securities from several markets at a low price, as well as pension savings without fixed fees. The firm also offers margin loans, private loans and mortgages. There are a number of user-interfaces to choose from, such as web, app or more advanced trading applications. Digital financial guidance tools are offered to customers who want help and inspiration with their savings. Nordnet also runs the largest social investment network in the Nordics, Shareville.

Nordnet AB (publ) Headlines

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