ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Autostreets Development's annualizedNet Income for the quarter that ended in Jun. 2024 was HK$-317.8 Mil.
Autostreets Development's average Total Assets over the quarter that ended in Jun. 2024 was HK$1,261.1 Mil. Therefore, Autostreets Development's annualized ROA % for the quarter that ended in Jun. 2024 was -25.20%.
The historical rank and industry rank for Autostreets Development's ROA % or its related term are showing as below:
HKSE:02443'
s ROA % Range Over the Past 10 Years
Min: -9.62 Med: 4.65 Max: 5.71
Current: -9.62
During the past 3 years, Autostreets Development's highest ROA % was 5.71%. The lowest was -9.62%. And the median was 4.65%.
HKSE:02443's ROA % is ranked worse than 91.26% of 1304
companies
in the Vehicles & Parts industry
Industry Median: 3.115
vs HKSE:02443: -9.62
* 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.
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Autostreets Development ROA % Chart
Autostreets Development Annual Data
Trend
Dec21
Dec22
Dec23
ROA %
5.71
4.65
-1.41
Autostreets Development Semi-Annual Data
Dec21
Dec22
Jun23
Dec23
Jun24
ROA %
-
-
-9.52
6.00
-25.20
Competitive Comparison of Autostreets Development's ROA %
For the Auto & Truck Dealerships subindustry, Autostreets Development'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.
Autostreets Development's ROA % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Autostreets Development's ROA % distribution charts can be found below:
* The bar in red indicates where Autostreets Development'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.
Autostreets Development (HKSE:02443) 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.
Autostreets Development ROA % Related Terms
Thank you for viewing the detailed overview of Autostreets Development's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Autostreets Development Ltd is engaged in used vehicle transaction service provider. It connects used vehicle buyers and sellers through its transaction platform in two auction formats, namely online-offline integrated auction and online auction. It had 79 auction sites located in 74 cities and offered offline services in 317 cities across China. It generates all of its revenues from PRC China.
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