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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Hong Kong Gold Industry Group's annualizedNet Income for the quarter that ended in Dec. 2025 was HK$-185.36 Mil.
Hong Kong Gold Industry Group's average Total Assets over the quarter that ended in Dec. 2025 was HK$1,203.14 Mil. Therefore, Hong Kong Gold Industry Group's annualized ROA % for the quarter that ended in Dec. 2025 was -15.41%.
The historical rank and industry rank for Hong Kong Gold Industry Group's ROA % or its related term are showing as below:
HKSE:02623'
s ROA % Range Over the Past 10 Years
Min: -17.36 Med: -6.33 Max: 10.64
Current: -8.3
During the past 13 years, Hong Kong Gold Industry Group's highest ROA % was 10.64%. The lowest was -17.36%. And the median was -6.33%.
HKSE:02623's ROA % is ranked better than 60.6% of 2665
companies
in the Metals & Mining industry
Industry Median: -16.48
vs HKSE:02623: -8.30
Hong Kong Gold Industry Group (HKSE:02623) 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 (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
Hong Kong Gold Industry Group ROA % Related Terms
Hong Kong Gold Industry Group ROA % Historical 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.
Hong Kong Gold Industry Group ROA % Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Hong Kong Gold Industry Group'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.
Hong Kong Gold Industry Group ROA % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Hong Kong Gold Industry Group's ROA % distribution charts can be found below:
* The bar in red indicates where Hong Kong Gold Industry Group'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 (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Hong Kong Gold Industry Group (HKSE:02623) has a ROA % of -15.41% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Hong Kong Gold Industry Group and its competitors. According to the industry distribution chart, Hong Kong Gold Industry Group ranks #1050 out of 2665 companies in the Metals & Mining industry, placing it in the top 39.4%.
Is Hong Kong Gold Industry Group's ROA % too high?
Hong Kong Gold Industry Group's current ROA % is -15.41%. Based on the distribution chart, Hong Kong Gold Industry Group ranks #1050 out of 2665 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Hong Kong Gold Industry Group has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hong Kong Gold Industry Group's ROA % compare to competitors?
According to the Metals & Mining industry distribution chart, Hong Kong Gold Industry Group ranks #1050 out of 2665 companies for ROA %. This puts Hong Kong Gold Industry Group in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Metals & Mining company?
A good ROA % depends on the Metals & Mining industry context. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Hong Kong Gold Industry Group and its competitors. Hong Kong Gold Industry Group's current ROA % is -15.41%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Kong Gold Industry Group stock overvalued right now?
Based on GuruFocus' analysis, Hong Kong Gold Industry Group (HKSE:02623) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.07, compared to a current price of HK$3.89 — trading 5450% above its estimated fair value. The current ROA % is -15.41%. Hong Kong Gold Industry Group's overall GF Score™ is 33/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Hong Kong Gold Industry Group (HKSE:02623), the current ROA % is -15.41% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Hong Kong Gold Industry Group (HKSE:02623) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Kong Gold Industry Group stock appears to be overvalued.
The current stock price of HK$3.89 is trading 5450% above its estimated GF Value™ of HK$0.07.
GuruFocus considers Hong Kong Gold Industry Group to be Significantly Overvalued.
Key valuation signals for HKSE:02623:
ROA %: -15.41%
GF Value™: HK$0.07 vs. price of HK$3.89 (5450% above fair value)
No single metric tells the full story. See the HKSE:02623 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Kong Gold Industry Group Ltd, formerly known as Add New Energy Investment Holdings Group Ltd, is an investment holding company. The company and its subsidiaries are principally engaged in iron ore processing, and selling of iron concentrates and other minerals in the People's Republic of China. Its mines include Yangzhuang Iron Mine, Zhuge Shangyu Ilmenite Mine, Qinjiazhuang Ilmenite, Gaozhuang Shangyu Ilmenite and Luxing Titanium Mine. The businesses of the Group are classified into mining and ore processing, and trading of minerals, which are its two reportable segments. The majority of the company's revenue is derived from the Trading of minerals segment. Geographically, all the revenue of the Group is derived in the PRC.
33GF Score
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