ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Tianjin Tianbao Energy Co's annualizedNet Income for the quarter that ended in Jun. 2024 was HK$3.8 Mil.
Tianjin Tianbao Energy Co's average Total Assets over the quarter that ended in Jun. 2024 was HK$1,174.9 Mil. Therefore, Tianjin Tianbao Energy Co's annualized ROA % for the quarter that ended in Jun. 2024 was 0.33%.
The historical rank and industry rank for Tianjin Tianbao Energy Co's ROA % or its related term are showing as below:
HKSE:01671'
s ROA % Range Over the Past 10 Years
Min: 0.02 Med: 2.66 Max: 10.57
Current: 0.12
During the past 9 years, Tianjin Tianbao Energy Co's highest ROA % was 10.57%. The lowest was 0.02%. And the median was 2.66%.
* 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 Tianjin Tianbao Energy Co's ROA %
For the Utilities - Independent Power Producers subindustry, Tianjin Tianbao Energy Co'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.
Tianjin Tianbao Energy Co's ROA % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Tianjin Tianbao Energy Co's ROA % distribution charts can be found below:
* The bar in red indicates where Tianjin Tianbao Energy Co'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 (Jun. 2024) net income data.
ROA % is displayed in the 30-year financial page.
Tianjin Tianbao Energy Co (HKSE:01671) 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 (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.
Tianjin Tianbao Energy Co ROA % Related Terms
Thank you for viewing the detailed overview of Tianjin Tianbao Energy Co's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tianjin Tianbao Energy Co Ltd is a power operator in the Tianjin Port Free Trade Zone (Seaport and Lingang). The company is engaged in the cogeneration of steam, together with electricity, heating and cooling. The company's operations comprise i) power generation and supply; ii) electricity dispatch and sale; iii) development and operation of distributed photovoltaic power generation stations and iv) contractual energy management, energy conservation management services, vehicle charging sales, electric vehicle charging infrastructure operation, and wind power generation technology services. Its operating segments include Electricity dispatch and sale business, Power generation and supply business, and Others. It derives revenue from Power generation and supply business.
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