FriendTimes (HKSE:06820) ROA %: 9.94% (As of Jun. 2026) — 49% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:06820 FriendTimes Inc HKSE:06820
50 GF Score
Price HK$0.36
GF Value HK$0.82
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is FriendTimes ROA %?

FriendTimes HKSE:06820 +2.90% 50 ROA % is 9.94% as of Jun. 2026, which is 49% below its 10-year median of 19.41. GuruFocus rates HKSE:06820 with a GF Score™ of 50/100 and a GF Value™ of HK$0.82 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 565 Interactive Media companies, FriendTimes ranks better than 74.34% on this metric.

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. FriendTimes's annualized Net Income for the quarter that ended in Jun. 2026 was HK$164 Mil. FriendTimes's average Total Assets over the quarter that ended in Jun. 2026 was HK$1,649 Mil. Therefore, FriendTimes's annualized ROA % for the quarter that ended in Jun. 2026 was 9.94%.

The historical rank and industry rank for FriendTimes's ROA % or its related term are showing as below:

HKSE:06820' s ROA % Range Over the Past 10 Years
Min: -8.87   Med: 19.41   Max: 54.67
Current: 8.66

During the past 10 years, FriendTimes's highest ROA % was 54.67%. The lowest was -8.87%. And the median was 19.41%.

HKSE:06820's ROA % is ranked better than
74.34% of 565 companies
in the Interactive Media industry
Industry Median: 0.41 vs HKSE:06820: 8.66

FriendTimes  (HKSE:06820) 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 bank’s 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:

ROA %(Q: Jun. 2026 )
=Net Income/Total Assets
=163.928/1648.8675
=(Net Income / Revenue)*(Revenue / Total Assets)
=(163.928 / 1386.892)*(1386.892 / 1648.8675)
=Net Margin %*Asset Turnover
=11.82 %*0.8411
=9.94 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2026) net income data. The Revenue data used here is two times the semi-annual (Jun. 2026) 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.


FriendTimes ROA % Related Terms


FriendTimes ROA % Historical Data

* Premium members only.

The historical data trend for FriendTimes'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.

FriendTimes ROA % Chart

FriendTimes Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.56 1.40 -8.87 -3.36 6.68

FriendTimes Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.09 3.36 5.85 7.40 9.94

HKSE:06820 vs NTES, TTWO, RBLX: ROA % Comparison

For the Electronic Gaming & Multimedia subindustry, FriendTimes'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.


FriendTimes ROA % vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, FriendTimes's ROA % distribution charts can be found below:

* The bar in red indicates where FriendTimes's ROA % falls into.


HKSE:06820
50GF Score
FriendTimes Inc HKSE:06820
ROA % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FriendTimes ROA % Calculation

FriendTimes's annualized ROA % for the fiscal year that ended in Dec. 2025 is calculated as:

ROA %=Net Income (A: Dec. 2025 )/( (Total Assets (A: Dec. 2024 )+Total Assets (A: Dec. 2025 ))/ count )
=102.922/( (1497.384+1584.835)/ 2 )
=102.922/1541.1095
=6.68 %

FriendTimes's annualized ROA % for the quarter that ended in Jun. 2026 is calculated as:

ROA %=Net Income (Q: Jun. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Jun. 2026 ))/ count )
=163.928/( (1584.835+1712.9)/ 2 )
=163.928/1648.8675
=9.94 %

* 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. 2026) net income data. ROA % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROA % →
What does a ROA % of 9.94% mean?
FriendTimes (HKSE:06820) has a ROA % of 9.94% as of Jun. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on FriendTimes and its competitors. This is 49% below median its historical median of 19.41. According to the industry distribution chart, FriendTimes ranks #145 out of 565 companies in the Interactive Media industry, placing it in the top 25.7%.
Is FriendTimes' ROA % too high?
FriendTimes' current ROA % of 9.94% is 49% below median its 10-year median of 19.41. The Interactive Media industry median ROA % is 0.41. FriendTimes' value of 9.94% is 2324.4% above this industry median. Based on the distribution chart, FriendTimes ranks #145 out of 565 companies in the Interactive Media industry, which is above the industry midpoint. Overall, FriendTimes has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does FriendTimes' ROA % compare to NTES and TTWO?
According to the Interactive Media industry distribution chart, FriendTimes ranks #145 out of 565 companies for ROA %. This puts FriendTimes in the upper half of its industry. The industry median ROA % is 0.41. FriendTimes' value of 9.94% is 2324.4% above this benchmark. While the company's 10-year median is 19.41 vs. the industry median of 0.41, FriendTimes has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Interactive Media company?
The median ROA % among Interactive Media companies is 0.41, based on 565 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FriendTimes's current ROA % of 9.94% is 2324.4% above the industry median. 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 FriendTimes and its competitors. For the Interactive Media industry, the median ROA % is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FriendTimes's current ROA % is 9.94%, which is 49% below median its own 10-year median of 19.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FriendTimes stock overvalued right now?
Based on GuruFocus' analysis, FriendTimes (HKSE:06820) is currently considered Possible Value Trap. The stock's GF Value™ is HK$0.82, compared to a current price of HK$0.36 — trading 56.7% below its estimated fair value. The current ROA % is 9.94%, which is 49% below median its 10-year median of 19.41 and 2324.4% above the Interactive Media industry median of 0.41. FriendTimes' overall GF Score™ is 50/100 with 7 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 FriendTimes (HKSE:06820), the current ROA % is 9.94% as of Jun. 2026. 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 FriendTimes (HKSE:06820) Overvalued in 2026?

Based on GuruFocus' analysis, FriendTimes stock appears to be undervalued. The current stock price of HK$0.36 is trading 56.7% below its estimated GF Value™ of HK$0.82. GuruFocus considers FriendTimes to be Possible Value Trap.

Key valuation signals for HKSE:06820:

  • ROA %: 9.94% (49% below median its 10-year median of 19.41)
  • GF Value™: HK$0.82 vs. price of HK$0.36 (56.7% below fair value)
  • GF Score™: 50/100 with 7 warning signs
  • Industry Position: 2324.4% above the Interactive Media median (#145 of 565)

No single metric tells the full story. See the HKSE:06820 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FriendTimes Business Description

Address No 68 Qitai Road, FriendTimes Building, Suzhou Industrial Park, Jiangsu Province, Suzhou, CHN
FriendTimes Inc is an online game manufacturer and operator in China. Its game portfolio includes Fate of the Empress, Legend of Empress, Promise of Lingyun, A Story of Lala's: Rising Star, Twist of the Fate, Ink Sword: Jianghu. It derives revenue from the provision of mobile game development and publishing services. Geographically the company operates in the Chinese Mainland and Overeas.
50GF Score

Get the complete analysis for HKSE:06820

ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$0.36
Price
HK$0.82
GF Value