ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. CIMC Enric Holdings's annualizedNet Income for the quarter that ended in Dec. 2023 was HK$1,193 Mil.
CIMC Enric Holdings's average Total Assets over the quarter that ended in Dec. 2023 was HK$27,985 Mil. Therefore, CIMC Enric Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 4.26%.
The historical rank and industry rank for CIMC Enric Holdings's ROA % or its related term are showing as below:
HKSE:03899'
s ROA % Range Over the Past 10 Years
Min: -7.12 Med: 4.67 Max: 9.69
Current: 4.53
During the past 13 years, CIMC Enric Holdings's highest ROA % was 9.69%. The lowest was -7.12%. And the median was 4.67%.
HKSE:03899's ROA % is ranked better than 62.98% of 1086
companies
in the Oil & Gas industry
Industry Median: 2.435
vs HKSE:03899: 4.53
CIMC Enric Holdings ROA % Historical Data
The historical data trend for CIMC Enric 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.
Competitive Comparison of CIMC Enric Holdings's ROA %
For the Oil & Gas Equipment & Services subindustry, CIMC Enric 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.
CIMC Enric Holdings's ROA % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CIMC Enric Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where CIMC Enric Holdings's ROA % falls into.
CIMC Enric Holdings ROA % Calculation
CIMC Enric 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 (Dec. 2023) 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 (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) 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.
CIMC Enric Holdings ROA % Related Terms
Thank you for viewing the detailed overview of CIMC Enric Holdings's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
CIMC Enric Holdings (HKSE:03899) Business Description
CIMC Enric Holdings Ltd is engaged in the design, development, manufacturing, engineering, and sales of transportation, storage, and processing equipment. It is also involved in the provision of technical maintenance services. The company operates through three segments. The clean energy segment specializes in the manufacture and sale of a wide range of equipment for the storage, transportation, processing, and distribution of natural gas. Chemical and environmental segment specializes in the manufacture and sale of a wide range of equipment, such as tank containers, for the storage and transportation of liquefied or gasified chemicals. The liquid food segment specializes in the engineering, manufacture, and sale of stainless-steel tanks for storage and processing liquid food.
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