ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Wuhan Youji Holdings's annualizedNet Income for the quarter that ended in Jun. 2024 was HK$103 Mil.
Wuhan Youji Holdings's average Total Assets over the quarter that ended in Jun. 2024 was HK$2,432 Mil. Therefore, Wuhan Youji Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was 4.25%.
The historical rank and industry rank for Wuhan Youji Holdings's ROA % or its related term are showing as below:
HKSE:02881'
s ROA % Range Over the Past 10 Years
Min: 3.38 Med: 10.53 Max: 12.66
Current: 3.4
During the past 3 years, Wuhan Youji Holdings's highest ROA % was 12.66%. The lowest was 3.38%. And the median was 10.53%.
HKSE:02881's ROA % is ranked better than 54.76% of 1565
companies
in the Chemicals industry
Industry Median: 2.83
vs HKSE:02881: 3.40
* 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.
Wuhan Youji Holdings ROA % Chart
Wuhan Youji Holdings Annual Data
Trend
Dec21
Dec22
Dec23
ROA %
10.53
12.66
3.38
Wuhan Youji Holdings Semi-Annual Data
Dec21
Dec22
Jun23
Dec23
Jun24
ROA %
-
-
4.05
2.68
4.25
Competitive Comparison of Wuhan Youji Holdings's ROA %
For the Chemicals subindustry, Wuhan Youji 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.
Wuhan Youji Holdings's ROA % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Wuhan Youji Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Wuhan Youji Holdings's ROA % falls into.
Wuhan Youji Holdings ROA % Calculation
Wuhan Youji Holdings'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.
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.
Wuhan Youji Holdings ROA % Related Terms
Thank you for viewing the detailed overview of Wuhan Youji Holdings's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Wuhan Youji Holdings Ltd is a toluene derivative products provider in the PRC. It is focusing on the manufacture of toluene oxidation and chlorination products, benzoic acid ammonification products and other fine chemical products through organic synthesis process. Toluene derivative products are primarily used for food preservatives, household chemicals, animal feed acidifier and synthetic intermediates for agrochemical and pharmaceutical uses. It sells its products in over 70 countries.
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