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Dampskibsselskabet NORDEN A/S (LTS:0HDP) ROA % : 10.64% (As of Mar. 2024)


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What is Dampskibsselskabet NORDEN A/S ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Dampskibsselskabet NORDEN A/S's annualized Net Income for the quarter that ended in Mar. 2024 was kr1,701 Mil. Dampskibsselskabet NORDEN A/S's average Total Assets over the quarter that ended in Mar. 2024 was kr15,995 Mil. Therefore, Dampskibsselskabet NORDEN A/S's annualized ROA % for the quarter that ended in Mar. 2024 was 10.64%.

The historical rank and industry rank for Dampskibsselskabet NORDEN A/S's ROA % or its related term are showing as below:

LTS:0HDP' s ROA % Range Over the Past 10 Years
Min: -22.86   Med: 1.93   Max: 29.42
Current: 12.83

During the past 13 years, Dampskibsselskabet NORDEN A/S's highest ROA % was 29.42%. The lowest was -22.86%. And the median was 1.93%.

LTS:0HDP's ROA % is ranked better than
90.81% of 979 companies
in the Transportation industry
Industry Median: 3.54 vs LTS:0HDP: 12.83

Dampskibsselskabet NORDEN A/S ROA % Historical Data

The historical data trend for Dampskibsselskabet NORDEN A/S'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.

Dampskibsselskabet NORDEN A/S ROA % Chart

Dampskibsselskabet NORDEN A/S 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 1.21 4.60 9.86 29.42 15.46

Dampskibsselskabet NORDEN A/S Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 22.42 17.15 16.23 7.10 10.64

Competitive Comparison of Dampskibsselskabet NORDEN A/S's ROA %

For the Marine Shipping subindustry, Dampskibsselskabet NORDEN A/S'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.


Dampskibsselskabet NORDEN A/S's ROA % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Dampskibsselskabet NORDEN A/S's ROA % distribution charts can be found below:

* The bar in red indicates where Dampskibsselskabet NORDEN A/S's ROA % falls into.



Dampskibsselskabet NORDEN A/S ROA % Calculation

Dampskibsselskabet NORDEN A/S'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 )
=2734.603/( (19350.899+16020.088)/ 2 )
=2734.603/17685.4935
=15.46 %

Dampskibsselskabet NORDEN A/S's annualized ROA % for the quarter that ended in Mar. 2024 is calculated as:

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=1701.232/( (16020.088+15969.614)/ 2 )
=1701.232/15994.851
=10.64 %

* 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.


Dampskibsselskabet NORDEN A/S  (LTS:0HDP) 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: Mar. 2024 )
=Net Income/Total Assets
=1701.232/15994.851
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1701.232 / 25106.868)*(25106.868 / 15994.851)
=Net Margin %*Asset Turnover
=6.78 %*1.5697
=10.64 %

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.


Dampskibsselskabet NORDEN A/S ROA % Related Terms

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Dampskibsselskabet NORDEN A/S (LTS:0HDP) Business Description

Traded in Other Exchanges
Address
52, Strandvejen, Hellerup, DNK, DK-2900
Dampskibsselskabet NORDEN A/S is an independent shipping company. The company's operating segments include Assets & Logistics and Freight Services & Trading. Assets & Logistics is our business unit focusing on investments and Freight Services & Trading business unit is the combination of the dry operator and tanker operator business units. It generates maximum revenue from Freight Services & Trading.

Dampskibsselskabet NORDEN A/S (LTS:0HDP) Headlines

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