ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Shengjing Bank Co's annualizedNet Income for the quarter that ended in Jun. 2024 was HK$1,241 Mil.
Shengjing Bank Co's average Total Assets over the quarter that ended in Jun. 2024 was HK$1,165,708 Mil. Therefore, Shengjing Bank Co's annualized ROA % for the quarter that ended in Jun. 2024 was 0.11%.
The historical rank and industry rank for Shengjing Bank Co's ROA % or its related term are showing as below:
HKSE:02066'
s ROA % Range Over the Past 10 Years
Min: 0.04 Med: 0.52 Max: 1.25
Current: 0.05
During the past 11 years, Shengjing Bank Co's highest ROA % was 1.25%. The lowest was 0.04%. And the median was 0.52%.
HKSE:02066's ROA % is ranked worse than 92.77% of 1535
companies
in the Banks industry
Industry Median: 0.86
vs HKSE:02066: 0.05
Shengjing Bank Co ROA % Historical Data
The historical data trend for Shengjing Bank 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.
Competitive Comparison of Shengjing Bank Co's ROA %
For the Banks - Regional subindustry, Shengjing Bank 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.
Shengjing Bank Co's ROA % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Shengjing Bank Co's ROA % distribution charts can be found below:
* The bar in red indicates where Shengjing Bank Co's ROA % falls into.
Shengjing Bank Co ROA % Calculation
Shengjing Bank Co's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Shengjing Bank Co (HKSE:02066) 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.
Shengjing Bank Co ROA % Related Terms
Thank you for viewing the detailed overview of Shengjing Bank Co's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shengjing Bank Co Ltd operates as a commercial bank. Its services include personal banking, corporate finance services, and financial services. Its operating business segments are Corporate Banking, Retail Banking, Treasury Business, and Others. It derives maximum revenue from the Corporate Banking segment which includes the provision of a range of financial products and services to corporations, government agencies, and financial institutions. Its products and services include corporate loans and advances, trade financing and deposit-taking activities, agency services, and remittance and settlement services.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
HKSE:02066 has been successfully added to your 