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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Adicon Holdings's annualizedNet Income for the quarter that ended in Dec. 2025 was HK$-20 Mil.
Adicon Holdings's average Total Assets over the quarter that ended in Dec. 2025 was HK$5,117 Mil. Therefore, Adicon Holdings's annualized ROA % for the quarter that ended in Dec. 2025 was -0.38%.
The historical rank and industry rank for Adicon Holdings's ROA % or its related term are showing as below:
HKSE:09860'
s ROA % Range Over the Past 10 Years
Min: 0.39 Med: 7.69 Max: 16.48
Current: 0.39
During the past 6 years, Adicon Holdings's highest ROA % was 16.48%. The lowest was 0.39%. And the median was 7.69%.
HKSE:09860's ROA % is ranked better than 58.22% of 213
companies
in the Medical Diagnostics & Research industry
Industry Median: -2.35
vs HKSE:09860: 0.39
Adicon Holdings (HKSE:09860) 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.
Adicon Holdings ROA % Related Terms
Adicon Holdings ROA % Historical Data
* Premium members only.
The historical data trend for Adicon 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.
For the Diagnostics & Research subindustry, Adicon 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.
Adicon Holdings ROA % vs Medical Diagnostics & Research Industry
For the Medical Diagnostics & Research industry and Healthcare sector, Adicon Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Adicon Holdings'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.
Adicon Holdings (HKSE:09860) has a ROA % of -0.38% 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 Adicon Holdings and its competitors. Over the past decade, Adicon Holdings' ROA % has ranged from 0.39 to 16.48. According to the industry distribution chart, Adicon Holdings ranks #89 out of 213 companies in the Medical Diagnostics & Research industry, placing it in the top 41.8%.
Is Adicon Holdings' ROA % too high?
Adicon Holdings' current ROA % is -0.38%. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 16.48. Based on the distribution chart, Adicon Holdings ranks #89 out of 213 companies in the Medical Diagnostics & Research industry, which is above the industry midpoint. Overall, Adicon Holdings has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Adicon Holdings' ROA % compare to TMO and DHR?
According to the Medical Diagnostics & Research industry distribution chart, Adicon Holdings ranks #89 out of 213 companies for ROA %. This puts Adicon Holdings in the upper half of its industry. Historically, Adicon Holdings' own ROA % has ranged from 0.39 to 16.48 over the past decade. 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 Medical Diagnostics & Research company?
A good ROA % depends on the Medical Diagnostics & Research 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 Adicon Holdings and its competitors. Adicon Holdings's current ROA % is -0.38%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adicon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adicon Holdings (HKSE:09860) is currently considered Possible Value Trap. The stock's GF Value™ is HK$7.19, compared to a current price of HK$3.33 — trading 53.7% below its estimated fair value. The current ROA % is -0.38%. Adicon Holdings' overall GF Score™ is 75/100 with 6 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 Adicon Holdings (HKSE:09860), the current ROA % is -0.38% 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 Adicon Holdings (HKSE:09860) Overvalued in 2026?
Based on GuruFocus' analysis, Adicon Holdings stock appears to be undervalued.
The current stock price of HK$3.33 is trading 53.7% below its estimated GF Value™ of HK$7.19.
GuruFocus considers Adicon Holdings to be Possible Value Trap.
Key valuation signals for HKSE:09860:
ROA %: -0.38%
GF Value™: HK$7.19 vs. price of HK$3.33 (53.7% below fair value)
No single metric tells the full story. See the HKSE:09860 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adicon Holdings Ltd is a ICL service provider in China. It offers comprehensive testing services to hospitals and health check centers through an integrated network of self-operated laboratories across China. Its testing services platform includes clinical laboratories, pathology laboratories, reproductive genetics laboratories, gene laboratories, and mass spectrometry laboratories, consisting of over 4,000 medical diagnostic tests, the introduction of over 300 new high-end diagnostic tests.
75GF Score
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