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OneForce Holdings (HKSE:01933) ROA % : 1.81% (As of Mar. 2024)


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What is OneForce Holdings ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. OneForce Holdings's annualized Net Income for the quarter that ended in Mar. 2024 was HK$12.0 Mil. OneForce Holdings's average Total Assets over the quarter that ended in Mar. 2024 was HK$664.3 Mil. Therefore, OneForce Holdings's annualized ROA % for the quarter that ended in Mar. 2024 was 1.81%.

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

HKSE:01933' s ROA % Range Over the Past 10 Years
Min: -22.67   Med: 7.07   Max: 18.36
Current: -1.39

During the past 10 years, OneForce Holdings's highest ROA % was 18.36%. The lowest was -22.67%. And the median was 7.07%.

HKSE:01933's ROA % is ranked worse than
60.8% of 2816 companies
in the Software industry
Industry Median: 1.53 vs HKSE:01933: -1.39

OneForce Holdings ROA % Historical Data

The historical data trend for OneForce 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.

OneForce Holdings ROA % Chart

OneForce Holdings Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -22.67 6.86 5.61 6.33 1.34

OneForce Holdings Semi-Annual Data
Mar15 Mar16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
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 4.23 9.23 0.97 1.81 -4.38

Competitive Comparison of OneForce Holdings's ROA %

For the Information Technology Services subindustry, OneForce 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.


OneForce Holdings's ROA % Distribution in the Software Industry

For the Software industry and Technology sector, OneForce Holdings's ROA % distribution charts can be found below:

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



OneForce Holdings ROA % Calculation

OneForce Holdings's annualized ROA % for the fiscal year that ended in Mar. 2024 is calculated as:

ROA %=Net Income (A: Mar. 2024 )/( (Total Assets (A: Mar. 2023 )+Total Assets (A: Mar. 2024 ))/ count )
=9.078/( (636.847+713.162)/ 2 )
=9.078/675.0045
=1.34 %

OneForce Holdings's annualized ROA % for the quarter that ended in Mar. 2024 is calculated as:

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=12.028/( (615.434+713.162)/ 2 )
=12.028/664.298
=1.81 %

* 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 (Mar. 2024) net income data. ROA % is displayed in the 30-year financial page.


OneForce Holdings  (HKSE:01933) 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: Mar. 2024 )
=Net Income/Total Assets
=12.028/664.298
=(Net Income / Revenue)*(Revenue / Total Assets)
=(12.028 / 514.618)*(514.618 / 664.298)
=Net Margin %*Asset Turnover
=2.34 %*0.7747
=1.81 %

Note: The Net Income data used here is two times the semi-annual (Mar. 2024) net income data. The Revenue data used here is two times the semi-annual (Mar. 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.


OneForce Holdings ROA % Related Terms

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OneForce Holdings Business Description

Traded in Other Exchanges
N/A
Address
No. 9, 3rd Shang Di Street, 9th Floor, Tower E, Jia Hua Mansion, Haidian District, Beijing, CHN
OneForce Holdings Ltd is engaged in the design, implementation, enhancement, and upgrades of software systems and the provision of technical services and hardware for the power grid and distribution companies in the People's Republic of China. Its operating segments include Software and solutions; Technical Services, and Products. The company generates maximum revenue from the Technical services segment which engages in the provision of maintenance services on the software systems sold. Geographically, it operates in the People's Republic of China.
Executives
Trident Trust Company (cayman) Limited 2301 Trustee
Cao Mingda 2307 Founder of a discretionary trust who can infl
Toplight Management Limited 2201 Interest of corporation controlled by you
Pang Ziqian 2202 Interest of your spouse
Long Eagle International Limited
China Construction Bank Corporation 2201 Interest of corporation controlled by you
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
Great Attain International Limited 2101 Beneficial owner
Wang Dongbin 2201 Interest of corporation controlled by you
Xiong Weiqin 2202 Interest of your spouse
Cao Wei 2201 Interest of corporation controlled by you
Smart East Limited 2201 Interest of corporation controlled by you
Wang Jiangping 2202 Interest of your spouse
An Ning 2202 Interest of your spouse
Zhang Jianhua 2202 Interest of your spouse

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