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Kandal M VentureFMFC -4.51%21 ROA % is 3.34% as of Sep. 2025, which is 74% below its 10-year median of 12.63. GuruFocus rates FMFC with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 1,066 Manufacturing - Apparel & Accessories companies, Kandal M Venture ranks worse than 79.08% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Kandal M Venture's annualizedNet Income for the quarter that ended in Sep. 2025 was $0.34 Mil.
Kandal M Venture's average Total Assets over the quarter that ended in Sep. 2025 was $10.13 Mil. Therefore, Kandal M Venture's annualized ROA % for the quarter that ended in Sep. 2025 was 3.34%.
The historical rank and industry rank for Kandal M Venture's ROA % or its related term are showing as below:
FMFC'
s ROA % Range Over the Past 10 Years
Min: -2.67 Med: 12.63 Max: 13.94
Current: -2.67
During the past 3 years, Kandal M Venture's highest ROA % was 13.94%. The lowest was -2.67%. And the median was 12.63%.
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 (Sep. 2025) net income data. The Revenue data used here is two times the semi-annual (Sep. 2025) 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.
Kandal M Venture ROA % Related Terms
Kandal M Venture ROA % Historical Data
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The historical data trend for Kandal M Venture'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.
For the Footwear & Accessories subindustry, Kandal M Venture'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.
Kandal M Venture ROA % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kandal M Venture's ROA % distribution charts can be found below:
* The bar in red indicates where Kandal M Venture'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 (Sep. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Kandal M Venture (FMFC) has a ROA % of 3.34% as of Sep. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Kandal M Venture and its competitors. This is 74% below median its historical median of 12.63. According to the industry distribution chart, Kandal M Venture ranks #843 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 79.1%.
Is Kandal M Venture's ROA % too high?
Kandal M Venture's current ROA % of 3.34% is 74% below median its 10-year median of 12.63. The Manufacturing - Apparel & Accessories industry median ROA % is 1.88. Kandal M Venture's value of 3.34% is 78.1% above this industry median. Based on the distribution chart, Kandal M Venture ranks #843 out of 1066 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Kandal M Venture has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Kandal M Venture's ROA % compare to AREB and NKE?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Kandal M Venture ranks #843 out of 1066 companies for ROA %. This places Kandal M Venture in the lower half of its industry. The industry median ROA % is 1.88. Kandal M Venture's value of 3.34% is 78.1% above this benchmark. While the company's 10-year median is 12.63 vs. the industry median of 1.88, Kandal M Venture 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 Manufacturing - Apparel & Accessories company?
The median ROA % among Manufacturing - Apparel & Accessories companies is 1.88, based on 1,066 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. Kandal M Venture's current ROA % of 3.34% is 78.1% 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 Kandal M Venture and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROA % is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kandal M Venture's current ROA % is 3.34%, which is 74% below median its own 10-year median of 12.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kandal M Venture stock overvalued right now?
Kandal M Venture (FMFC) has a current ROA % of 3.34%. The current ROA % is 3.34%, which is 74% below median its 10-year median of 12.63 and 78.1% above the Manufacturing - Apparel & Accessories industry median of 1.88. Kandal M Venture's overall GF Score™ is 21/100 with 2 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 Kandal M Venture (FMFC), the current ROA % is 3.34% as of Sep. 2025. 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.
Kandal M Venture Ltd is engaged in manufacturing affordable luxury leather goods. The company manufactures handbags, such as shoulder bags, crossbody bags, tote bags, backpacks, top-handle handbags, satchels, and other smaller leather goods, such as wallets. Geographically, the company derives maximum revenue from the United States, and it also has its presence in Europe, Canada, Japan, and Other countries.
21GF Score
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