ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Maike Tube Industry Holdings's annualizedNet Income for the quarter that ended in Dec. 2023 was HK$178 Mil.
Maike Tube Industry Holdings's average Total Assets over the quarter that ended in Dec. 2023 was HK$1,762 Mil. Therefore, Maike Tube Industry Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 10.11%.
The historical rank and industry rank for Maike Tube Industry Holdings's ROA % or its related term are showing as below:
HKSE:01553'
s ROA % Range Over the Past 10 Years
Min: 0.8 Med: 9.32 Max: 10.63
Current: 10.18
During the past 8 years, Maike Tube Industry Holdings's highest ROA % was 10.63%. The lowest was 0.80%. And the median was 9.32%.
HKSE:01553's ROA % is ranked better than 86.24% of 625
companies
in the Steel industry
Industry Median: 2.85
vs HKSE:01553: 10.18
Maike Tube Industry Holdings ROA % Historical 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.
Competitive Comparison of Maike Tube Industry Holdings's ROA %
For the Steel subindustry, Maike Tube Industry Holdings'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.
Maike Tube Industry Holdings's ROA % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Maike Tube Industry Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Maike Tube Industry Holdings'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 (Dec. 2023) net income data.
ROA % is displayed in the 30-year financial page.
Maike Tube Industry Holdings (HKSE:01553) 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 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 (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) 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.
Maike Tube Industry Holdings ROA % Related Terms
Thank you for viewing the detailed overview of Maike Tube Industry Holdings's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Maike Tube Industry Holdings (HKSE:01553) Business Description
Maike Tube Industry Holdings Ltd is an investment holding company. The company, through its subsidiaries, is engaged in the manufacturing of steel pipe products and prefabricated pipe nipple products. Its steel pipe products are made through rolling steel plates and welding the seam and are mainly used for gas, water supply, HVAC, and fire extinguishing. The group offers ERW steel pipes, Standard prefabricated pipe nipples, Spiral Submerged Arc Welded steel pipes, Customised steel pipes, and Design and supply assembled piping systems. It has a business presence in the PRC, the US, Europe, and Other countries of which a majority of revenue is generated from the PRC.
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