ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. PT Goto Gojek Tokopedia Tbk's annualizedNet Income for the quarter that ended in Dec. 2024 was €-200.5 Mil.
PT Goto Gojek Tokopedia Tbk's average Total Assets over the quarter that ended in Dec. 2024 was €2,573.2 Mil. Therefore, PT Goto Gojek Tokopedia Tbk's annualized ROA % for the quarter that ended in Dec. 2024 was -7.79%.
The historical rank and industry rank for PT Goto Gojek Tokopedia Tbk's ROA % or its related term are showing as below:
FRA:CK8'
s ROA % Range Over the Past 10 Years
Min: -114.78 Med: -57.12 Max: -10.6
Current: -10.96
During the past 7 years, PT Goto Gojek Tokopedia Tbk's highest ROA % was -10.60%. The lowest was -114.78%. And the median was -57.12%.
FRA:CK8's ROA % is ranked worse than 75.66% of 2818
companies
in the Software industry
Industry Median: 1.545
vs FRA:CK8: -10.96
* 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.
Competitive Comparison of PT Goto Gojek Tokopedia Tbk's ROA %
For the Software - Infrastructure subindustry, PT Goto Gojek Tokopedia Tbk'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.
PT Goto Gojek Tokopedia Tbk's ROA % Distribution in the Software Industry
For the Software industry and Technology sector, PT Goto Gojek Tokopedia Tbk's ROA % distribution charts can be found below:
* The bar in red indicates where PT Goto Gojek Tokopedia Tbk's ROA % falls into.
PT Goto Gojek Tokopedia Tbk ROA % Calculation
PT Goto Gojek Tokopedia Tbk's annualized ROA % for the fiscal year that ended in Dec. 2024 is calculated as:
* 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 (Dec. 2024) net income data.
ROA % is displayed in the 30-year financial page.
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 four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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.
PT Goto Gojek Tokopedia Tbk ROA % Related Terms
Thank you for viewing the detailed overview of PT Goto Gojek Tokopedia Tbk's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
GoTo is an Indonesian ecosystem that combines ride-hailing, delivery, and financial services under one app. The company operates primarily in Indonesia and is the product of a merger between Gojek and Tokopedia in May 2021, but recently divested the e-commerce business into a combined entity with TikTok Indonesia in 2024. Looking ahead, we expect the on-demand service to account for the majority of revenue while its financial services begin to ramp. Prior to the deconsolidation, 82% of nonfinancial services gross transactional value came from e-commerce, and the firm will begin to expand into financial services such as providing loans and buy now, pay later programs. The company competes with Grab in the ride-hailing and delivery business, and Sea and Lazada for e-commerce.
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