ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Perfect Medical Health Management's annualizedNet Income for the quarter that ended in Sep. 2024 was HK$282 Mil.
Perfect Medical Health Management's average Total Assets over the quarter that ended in Sep. 2024 was HK$1,149 Mil. Therefore, Perfect Medical Health Management's annualized ROA % for the quarter that ended in Sep. 2024 was 24.51%.
HKSE:01830'
s ROA % Range Over the Past 10 Years
Min: 12.66 Med: 24.23 Max: 38.12
Current: 24.61
During the past 13 years, Perfect Medical Health Management's highest ROA % was 38.12%. The lowest was 12.66%. And the median was 24.23%.
HKSE:01830's ROA % is ranked better than 97.35% of 680
companies
in the Healthcare Providers & Services industry
Industry Median: 1.32
vs HKSE:01830: 24.61
Perfect Medical Health Management 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 Perfect Medical Health Management's ROA %
For the Medical Care Facilities subindustry, Perfect Medical Health Management'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.
Perfect Medical Health Management's ROA % Distribution in the Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Perfect Medical Health Management's ROA % distribution charts can be found below:
* The bar in red indicates where Perfect Medical Health Management's ROA % falls into.
Perfect Medical Health Management ROA % Calculation
* 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. 2024) net income data.
ROA % is displayed in the 30-year financial page.
Perfect Medical Health Management (HKSE:01830) 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 (Sep. 2024) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.
Perfect Medical Health Management ROA % Related Terms
Thank you for viewing the detailed overview of Perfect Medical Health Management's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Perfect Medical Health Management Business Description
Perfect Medical Health Management Ltd is an investment holding company. Through its subsidiaries, it is engaged in the provision of healthcare and medical beauty services. It offers services such as pain management, hair growth, sleep therapy treatments, fertility care, preventive care, and others. Geographically, the company generates a majority of its revenue from Hong Kong and the rest from regions outside Hong Kong such as the People's Republic of China, Macau, Australia, and Singapore.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:01830 has been successfully added to your 