ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Jingrui Holdings's annualizedNet Income for the quarter that ended in Jun. 2024 was HK$-3,194 Mil.
Jingrui Holdings's average Total Assets over the quarter that ended in Jun. 2024 was HK$41,053 Mil. Therefore, Jingrui Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was -7.78%.
The historical rank and industry rank for Jingrui Holdings's ROA % or its related term are showing as below:
HKSE:01862'
s ROA % Range Over the Past 10 Years
Min: -7.33 Med: 0.85 Max: 2.33
Current: -4.55
During the past 12 years, Jingrui Holdings's highest ROA % was 2.33%. The lowest was -7.33%. And the median was 0.85%.
HKSE:01862's ROA % is ranked worse than 83.57% of 1808
companies
in the Real Estate industry
Industry Median: 1.355
vs HKSE:01862: -4.55
Jingrui Holdings ROA % Historical Data
The historical data trend for Jingrui Holdings'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.
Competitive Comparison of Jingrui Holdings's ROA %
For the Real Estate - Development subindustry, Jingrui 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.
Jingrui Holdings's ROA % Distribution in the Real Estate Industry
For the Real Estate industry and Real Estate sector, Jingrui Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Jingrui 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 (Jun. 2024) net income data.
ROA % is displayed in the 30-year financial page.
Jingrui Holdings (HKSE:01862) 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.
Jingrui Holdings ROA % Related Terms
Thank you for viewing the detailed overview of Jingrui Holdings's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jingrui Holdings Ltd is an investment holding company engaged in the development of an investment in real estate projects as well as the management of properties. It manages its business through three operating segments based on its products and services: The property development platform segment, which derives the majority of revenue, engages in real estate development in the PRC and the Capital platform invests in office buildings and apartments in the PRC for their rental income potential and/or for capital appreciation; and All other platforms, including property management platform which provides management and security services to residential and commercial properties in the PRC, the property design and decoration platform, investment platform and other miscellaneous businesses.
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