ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Kangji Medical Holdings's annualizedNet Income for the quarter that ended in Dec. 2023 was HK$544 Mil.
Kangji Medical Holdings's average Total Assets over the quarter that ended in Dec. 2023 was HK$4,631 Mil. Therefore, Kangji Medical Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 11.74%.
The historical rank and industry rank for Kangji Medical Holdings's ROA % or its related term are showing as below:
HKSE:09997'
s ROA % Range Over the Past 10 Years
Min: 12.06 Med: 14.47 Max: 39.74
Current: 12.06
During the past 7 years, Kangji Medical Holdings's highest ROA % was 39.74%. The lowest was 12.06%. And the median was 14.47%.
HKSE:09997's ROA % is ranked better than 91.43% of 863
companies
in the Medical Devices & Instruments industry
Industry Median: -1.93
vs HKSE:09997: 12.06
* 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 Kangji Medical Holdings's ROA %
For the Medical Instruments & Supplies subindustry, Kangji Medical 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.
Kangji Medical Holdings's ROA % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Kangji Medical Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Kangji Medical Holdings's ROA % falls into.
Kangji Medical Holdings ROA % Calculation
Kangji Medical 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.
Kangji Medical Holdings (HKSE:09997) 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. 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.
Kangji Medical Holdings ROA % Related Terms
Thank you for viewing the detailed overview of Kangji Medical Holdings's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kangji Medical Holdings (HKSE:09997) Business Description
Kangji Medical Holdings Ltd is engaged in the production and sales of minimally invasive surgical instruments and accessories. The company offers a product portfolio to provide physicians and hospitals with one-shop and tailored surgical solutions for four surgical specialties OBGYN, general surgery, urology, and thoracic surgery. It manufactures and sells both disposable and reusable products. Its product portfolio includes disposable trocars, polymer ligation clips, disposable electrocoagulation forceps, and reusable trocar and forceps. It derives the majority of its revenue from Mainland China.
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