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Xinte Energy Co (HKSE:01799) ROA % : -2.03% (As of Jun. 2024)


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What is Xinte Energy Co ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Xinte Energy Co's annualized Net Income for the quarter that ended in Jun. 2024 was HK$-1,910 Mil. Xinte Energy Co's average Total Assets over the quarter that ended in Jun. 2024 was HK$93,905 Mil. Therefore, Xinte Energy Co's annualized ROA % for the quarter that ended in Jun. 2024 was -2.03%.

The historical rank and industry rank for Xinte Energy Co's ROA % or its related term are showing as below:

HKSE:01799' s ROA % Range Over the Past 10 Years
Min: -1.51   Med: 3.14   Max: 18.63
Current: -1.51

During the past 10 years, Xinte Energy Co's highest ROA % was 18.63%. The lowest was -1.51%. And the median was 3.14%.

HKSE:01799's ROA % is ranked worse than
67.92% of 1007 companies
in the Semiconductors industry
Industry Median: 2.13 vs HKSE:01799: -1.51

Xinte Energy Co ROA % Historical Data

The historical data trend for Xinte Energy Co'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.

Xinte Energy Co ROA % Chart

Xinte Energy Co 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 1.03 1.50 9.71 18.63 5.21

Xinte Energy Co Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 17.49 20.50 11.53 -0.97 -2.03

Competitive Comparison of Xinte Energy Co's ROA %

For the Solar subindustry, Xinte 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.


Xinte Energy Co's ROA % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Xinte Energy Co's ROA % distribution charts can be found below:

* The bar in red indicates where Xinte Energy Co's ROA % falls into.



Xinte Energy Co ROA % Calculation

Xinte Energy Co'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 )
=4752.508/( (88393.092+93987.826)/ 2 )
=4752.508/91190.459
=5.21 %

Xinte Energy Co's annualized ROA % for the quarter that ended in Jun. 2024 is calculated as:

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-1909.824/( (93987.826+93821.262)/ 2 )
=-1909.824/93904.544
=-2.03 %

* 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.


Xinte Energy Co  (HKSE:01799) 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: Jun. 2024 )
=Net Income/Total Assets
=-1909.824/93904.544
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1909.824 / 25283.924)*(25283.924 / 93904.544)
=Net Margin %*Asset Turnover
=-7.55 %*0.2693
=-2.03 %

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.


Xinte Energy Co ROA % Related Terms

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Xinte Energy Co Business Description

Traded in Other Exchanges
Address
No. 2249, Zhongxin Street, Ganquanpu Economic and Technological Development Zone, Xinjiang, Urumqi, CHN
Xinte Energy Co Ltd is engaged in the manufacturing of solar-grade polysilicon, and the development, construction, and operation of wind power and PV power plants. It operates in four segments: Polysilicon, Construction of wind power & PV power plants, Operation of wind power & PV power plants, and Others. Other segments mainly comprise businesses including manufacturing and sales of the inverter, flexible direct current transmission converter valve, SVG, and other miscellaneous services. Business activity functions in the region of China.
Executives
Shang Hai Ning Quan Zi Chan Guan Li You Xian Gong Si 2102 Investment manager
Ubs Group Ag 2201 Interest of corporation controlled by you
Bank Of America Corporation 2201 Interest of corporation controlled by you
The Bank Of New York Mellon Corporation 2201 Interest of corporation controlled by you
Citigroup Inc. 2502 Approved lending agent
Morgan Stanley 2201 Interest of corporation controlled by you

Xinte Energy Co Headlines

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