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CVK Maden Isletmelerinayi ve Ticaret (IST:CVKMD) ROA % : 5.98% (As of Jun. 2024)


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What is CVK Maden Isletmelerinayi ve Ticaret ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. CVK Maden Isletmelerinayi ve Ticaret's annualized Net Income for the quarter that ended in Jun. 2024 was ₺336 Mil. CVK Maden Isletmelerinayi ve Ticaret's average Total Assets over the quarter that ended in Jun. 2024 was ₺5,623 Mil. Therefore, CVK Maden Isletmelerinayi ve Ticaret's annualized ROA % for the quarter that ended in Jun. 2024 was 5.98%.

The historical rank and industry rank for CVK Maden Isletmelerinayi ve Ticaret's ROA % or its related term are showing as below:

IST:CVKMD' s ROA % Range Over the Past 10 Years
Min: 4.91   Med: 7.15   Max: 36.17
Current: 4.91

During the past 4 years, CVK Maden Isletmelerinayi ve Ticaret's highest ROA % was 36.17%. The lowest was 4.91%. And the median was 7.15%.

IST:CVKMD's ROA % is ranked better than
89.88% of 2708 companies
in the Metals & Mining industry
Industry Median: -16.13 vs IST:CVKMD: 4.91

CVK Maden Isletmelerinayi ve Ticaret ROA % Historical Data

The historical data trend for CVK Maden Isletmelerinayi ve Ticaret'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.

CVK Maden Isletmelerinayi ve Ticaret ROA % Chart

CVK Maden Isletmelerinayi ve Ticaret Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROA %
5.50 6.13 36.17 8.16

CVK Maden Isletmelerinayi ve Ticaret Quarterly Data
Dec20 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 48.46 39.73 -16.61 3.94 5.98

Competitive Comparison of CVK Maden Isletmelerinayi ve Ticaret's ROA %

For the Other Industrial Metals & Mining subindustry, CVK Maden Isletmelerinayi ve Ticaret'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.


CVK Maden Isletmelerinayi ve Ticaret's ROA % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, CVK Maden Isletmelerinayi ve Ticaret's ROA % distribution charts can be found below:

* The bar in red indicates where CVK Maden Isletmelerinayi ve Ticaret's ROA % falls into.



CVK Maden Isletmelerinayi ve Ticaret ROA % Calculation

CVK Maden Isletmelerinayi ve Ticaret'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 )
=301.841/( (2624.563+4776.117)/ 2 )
=301.841/3700.34
=8.16 %

CVK Maden Isletmelerinayi ve Ticaret's annualized ROA % for the quarter that ended in Jun. 2024 is calculated as:

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=336.26/( (5306.891+5940.025)/ 2 )
=336.26/5623.458
=5.98 %

* 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.


CVK Maden Isletmelerinayi ve Ticaret  (IST:CVKMD) 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
=336.26/5623.458
=(Net Income / Revenue)*(Revenue / Total Assets)
=(336.26 / 3080.908)*(3080.908 / 5623.458)
=Net Margin %*Asset Turnover
=10.91 %*0.5479
=5.98 %

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.


CVK Maden Isletmelerinayi ve Ticaret ROA % Related Terms

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CVK Maden Isletmelerinayi ve Ticaret Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Muallim Naci Caddesi No: 105/B Besiktas, Kurucesme Mahallesi, Istanbul, TUR, 34353
CVK Maden Isletmeleri Sanayi ve Ticaret engages in manufacturing and fully exporting concentrated and lumpy chromite ore, concentrated lead-zinc, copper and silver ore products, and marble and travertine natural stone products. Its products comprise Lead Concentrate, Chrome Concentrate, Zinc Concentrate, and Gold.

CVK Maden Isletmelerinayi ve Ticaret Headlines

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