ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. PT Jayamas Medica Industri Tbk's annualizedNet Income for the quarter that ended in Mar. 2024 was Rp253,842 Mil.
PT Jayamas Medica Industri Tbk's average Total Assets over the quarter that ended in Mar. 2024 was Rp2,613,997 Mil. Therefore, PT Jayamas Medica Industri Tbk's annualized ROA % for the quarter that ended in Mar. 2024 was 9.71%.
The historical rank and industry rank for PT Jayamas Medica Industri Tbk's ROA % or its related term are showing as below:
ISX:OMED'
s ROA % Range Over the Past 10 Years
Min: 10.19 Med: 34.17 Max: 65.96
Current: 10.6
During the past 5 years, PT Jayamas Medica Industri Tbk's highest ROA % was 65.96%. The lowest was 10.19%. And the median was 34.17%.
ISX:OMED's ROA % is ranked better than 89.15% of 866
companies
in the Medical Devices & Instruments industry
Industry Median: -2.215
vs ISX:OMED: 10.60
PT Jayamas Medica Industri Tbk ROA % Historical 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.
Competitive Comparison of PT Jayamas Medica Industri Tbk's ROA %
For the Medical Instruments & Supplies subindustry, PT Jayamas Medica Industri Tbk'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.
PT Jayamas Medica Industri Tbk's ROA % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, PT Jayamas Medica Industri Tbk's ROA % distribution charts can be found below:
* The bar in red indicates where PT Jayamas Medica Industri Tbk'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 four times the quarterly (Mar. 2024) net income data.
ROA % is displayed in the 30-year financial page.
PT Jayamas Medica Industri Tbk (ISX:OMED) 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 four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
PT Jayamas Medica Industri Tbk ROA % Related Terms
Thank you for viewing the detailed overview of PT Jayamas Medica Industri Tbk's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
PT Jayamas Medica Industri Tbk (ISX:OMED) Business Description
PT Jayamas Medica Industri Tbk is engaged in the business of manufacturing medical devices and other household health supplies. It initially began with the manufacture of urine bags, OneMed later expanded in the manufacturing business of medical equipment and supplies in Indonesia with a range of variants of products manufactured locally. The Company and its Subsidiaries has three main divisions: Manufacturing; Distribution and Retail.
PT Jayamas Medica Industri Tbk (ISX:OMED) Headlines
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