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Xingda International Holdings (HKSE:01899) ROA % : 1.77% (As of Jun. 2024)


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What is Xingda International Holdings ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Xingda International Holdings's annualized Net Income for the quarter that ended in Jun. 2024 was HK$414 Mil. Xingda International Holdings's average Total Assets over the quarter that ended in Jun. 2024 was HK$23,340 Mil. Therefore, Xingda International Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was 1.77%.

The historical rank and industry rank for Xingda International Holdings's ROA % or its related term are showing as below:

HKSE:01899' s ROA % Range Over the Past 10 Years
Min: 0.81   Med: 2.1   Max: 3.26
Current: 2.09

During the past 13 years, Xingda International Holdings's highest ROA % was 3.26%. The lowest was 0.81%. And the median was 2.10%.

HKSE:01899's ROA % is ranked worse than
56.73% of 1315 companies
in the Vehicles & Parts industry
Industry Median: 2.98 vs HKSE:01899: 2.09

Xingda International Holdings ROA % Historical Data

The historical data trend for Xingda International 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.

* Premium members only.

Xingda International Holdings ROA % Chart

Xingda International Holdings 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 2.14 0.81 1.25 1.63 2.13

Xingda International Holdings 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 1.57 1.70 1.80 2.45 1.77

Competitive Comparison of Xingda International Holdings's ROA %

For the Auto Parts subindustry, Xingda International 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.


Xingda International Holdings's ROA % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Xingda International Holdings's ROA % distribution charts can be found below:

* The bar in red indicates where Xingda International Holdings's ROA % falls into.



Xingda International Holdings ROA % Calculation

Xingda International Holdings'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 )
=491.545/( (23462.152+22662.948)/ 2 )
=491.545/23062.55
=2.13 %

Xingda International Holdings'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 )
=413.736/( (22662.948+24017.961)/ 2 )
=413.736/23340.4545
=1.77 %

* 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.


Xingda International Holdings  (HKSE:01899) 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
=413.736/23340.4545
=(Net Income / Revenue)*(Revenue / Total Assets)
=(413.736 / 13275.272)*(13275.272 / 23340.4545)
=Net Margin %*Asset Turnover
=3.12 %*0.5688
=1.77 %

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.


Xingda International Holdings ROA % Related Terms

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Xingda International Holdings Business Description

Traded in Other Exchanges
Address
Yunling Road (East), Lane 599, 6th Floor, No. 20, Putuo District, Shanghai, CHN, 200062
Xingda International Holdings Ltd is an investment holding company engaged in manufacturing and trading Radial tire cords, Bead wires, and other wires. Its products cover Rubber reinforcement materials and Precision sawing wires, such as Steel cord, Tyre bead wires, and High-pressure hose wire. The company derives key revenue from the sale of Radial tire cords for trucks. The majority of its revenue is earned in the PRC.
Executives
Liu Jinlan 2501 Other
Zhao Yue 2201 Interest of corporation controlled by you
Super Auspicious Inc. 2101 Beneficial owner
Always Blooming Holdings Limited 2201 Interest of corporation controlled by you
Wise Creative Limited 2101 Beneficial owner
Widen Success Holdings Limited 2501 Other
Liu Tao 2501 Other
In-plus Limited 2501 Other
Great Trade Limited 2501 Other
Hang Youming 2501 Other
Liu Xiang 2501 Other
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Fil Limited 2201 Interest of corporation controlled by you
Qing Dao Jian Xin Tou Zi You Xian Gong Si 2201 Interest of corporation controlled by you

Xingda International Holdings Headlines

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