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Xinyi Electric Storage Holdings (HKSE:08328) ROA % : 0.00% (As of Jun. 2024)


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What is Xinyi Electric Storage Holdings ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Xinyi Electric Storage Holdings's annualized Net Income for the quarter that ended in Jun. 2024 was HK$0 Mil. Xinyi Electric Storage Holdings's average Total Assets over the quarter that ended in Jun. 2024 was HK$2,256 Mil. Therefore, Xinyi Electric Storage Holdings's annualized ROA % for the quarter that ended in Jun. 2024 was 0.00%.

The historical rank and industry rank for Xinyi Electric Storage Holdings's ROA % or its related term are showing as below:

HKSE:08328' s ROA % Range Over the Past 10 Years
Min: -6.24   Med: 4.32   Max: 17.14
Current: 3.68

During the past 10 years, Xinyi Electric Storage Holdings's highest ROA % was 17.14%. The lowest was -6.24%. And the median was 4.32%.

HKSE:08328's ROA % is ranked better than
52.52% of 3012 companies
in the Industrial Products industry
Industry Median: 3.285 vs HKSE:08328: 3.68

Xinyi Electric Storage Holdings ROA % Historical Data

The historical data trend for Xinyi Electric Storage 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.

* Premium members only.

Xinyi Electric Storage Holdings ROA % Chart

Xinyi Electric Storage Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.33 3.80 6.25 2.45 3.59

Xinyi Electric Storage Holdings Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Jun24
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 Premium Member Only Premium Member Only 1.13 1.24 6.09 6.01 -

Competitive Comparison of Xinyi Electric Storage Holdings's ROA %

For the Electrical Equipment & Parts subindustry, Xinyi Electric Storage 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.


Xinyi Electric Storage Holdings's ROA % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xinyi Electric Storage Holdings's ROA % distribution charts can be found below:

* The bar in red indicates where Xinyi Electric Storage Holdings's ROA % falls into.



Xinyi Electric Storage Holdings ROA % Calculation

Xinyi Electric Storage Holdings's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=83.142/( (2303.996+2333.343)/ 2 )
=83.142/2318.6695
=3.59 %

Xinyi Electric Storage Holdings's annualized ROA % for the quarter that ended in Jun. 2024 is calculated as:

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=0/( (2333.343+2177.857)/ 2 )
=0/2255.6
=0.00 %

* 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 four times the quarterly (Jun. 2024) net income data. ROA % is displayed in the 30-year financial page.


Xinyi Electric Storage Holdings  (HKSE:08328) 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. 2024 )
=Net Income/Total Assets
=0/2255.6
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0 / 0)*(0 / 2255.6)
=Net Margin %*Asset Turnover
=N/A %*0
=0.00 %

Note: The Net Income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (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.


Xinyi Electric Storage Holdings ROA % Related Terms

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Xinyi Electric Storage Holdings Business Description

Traded in Other Exchanges
N/A
Address
135 Hoi Bun Road, Unit 2116-2117, 21st Floor, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG
Xinyi Electric Storage Holdings Ltd is an investment holding company. The company's operating segment includes Electric storage business; EPC Services; Automobile glass repair and replacement services and others. It generates maximum revenue from the EPC Services segment. The EPC Services segment is engaged in the provision of EPC Services for photovoltaic power stations in the PRC and Canada. Geographically, the company generates revenue from Canada, Hong Kong, Others and The PRC, being the majority revenue generator.
Executives
Lee Yin Yee 2201 Interest of corporation controlled by you
Lee Sing Din 2201 Interest of corporation controlled by you
Li Ching Leung 2201 Interest of corporation controlled by you
Li Ching Wai 2201 Interest of corporation controlled by you
Sze Tan Hung 2202 Interest of your spouse
Tung Ching Sai 2201 Interest of corporation controlled by you
Tung Ching Bor 2201 Interest of corporation controlled by you
Ng Ngan Ho 2201 Interest of corporation controlled by you
Sze Nang Sze 2201 Interest of corporation controlled by you
Tung Hai Chi 2202 Interest of your spouse

Xinyi Electric Storage Holdings Headlines

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