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NFT (MI) ROA % : 0.00% (As of Jun. 2024)


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What is NFT ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. NFT's annualized Net Income for the quarter that ended in Jun. 2024 was $0.00 Mil. NFT's average Total Assets over the quarter that ended in Jun. 2024 was $80.25 Mil. Therefore, NFT's annualized ROA % for the quarter that ended in Jun. 2024 was 0.00%.

The historical rank and industry rank for NFT's ROA % or its related term are showing as below:

MI' s ROA % Range Over the Past 10 Years
Min: -166.77   Med: -2.13   Max: 26.6
Current: 8.84

During the past 13 years, NFT's highest ROA % was 26.60%. The lowest was -166.77%. And the median was -2.13%.

MI's ROA % is ranked better than
83.71% of 1117 companies
in the Retail - Cyclical industry
Industry Median: 2.33 vs MI: 8.84

NFT ROA % Historical Data

The historical data trend for NFT'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.

NFT ROA % Chart

NFT 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 -14.36 -2.16 -166.77 -26.08 7.36

NFT Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Dec23 Jun24
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 -18.80 -0.30 39.47 - -

Competitive Comparison of NFT's ROA %

For the Internet Retail subindustry, NFT'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.


NFT's ROA % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, NFT's ROA % distribution charts can be found below:

* The bar in red indicates where NFT's ROA % falls into.



NFT ROA % Calculation

NFT'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 )
=5.204/( (67.751+73.692)/ 2 )
=5.204/70.7215
=7.36 %

NFT's annualized ROA % for the quarter that ended in Jun. 2024 is calculated as:

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=0/( (73.692+86.803)/ 2 )
=0/80.2475
=0.00 %

* 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.


NFT  (AMEX:MI) 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
=0/80.2475
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0 / 0)*(0 / 80.2475)
=Net Margin %*Asset Turnover
=N/A %*0
=0.00 %

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.


NFT ROA % Related Terms

Thank you for viewing the detailed overview of NFT's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


NFT Business Description

Traded in Other Exchanges
N/A
Address
No.1 Kwan Street, New Territories, Office Q, 11th Floor, Kings Wing Plaza 2, Sha Tin, Hong Kong, HKG
NFT Ltd Formerly Takung Art Co Ltd operates an online electronic platform for offering and trading artwork. Through its platform, the company allows artists/art dealers/owners to access a much bigger art trading market where artists can engage with a wide range of investors. Its platform also invests in high-end artwork accessible to ordinary people without financial resources. The company's trading platforms comprise the sale of calligraphies and paintings, jewelry, and precious stones. It generates revenue in the form of services in connection with the offering and trading of artwork on its system, consisting of listing fees, trading commissions, and management fees.
Executives
Li Kwok Leung Paul officer: Chief Executive Officer ROOM 709 TOWER 2, ADMIRALTY CENTRE, 18 HARCOURT ROAD, ADMIRALTY, HONG KONG K3 00000
Jiangping Xiao director 801 W ADAMS ST, CHICAGO IL 60607
Tracy Chui-kam Ng officer: Chief Financial Officer ROOM 1105 WING ON PLAZA, 62 MODY ROAD, TSIM SHA TSUI, KOWLOON, HONG KONG K3 00000
Li Lv director ROOM 1105 WING ON PLAZA, 62 MODY ROAD, TSIM SHA TSUI, KOWLOON K3 999077
Xiaoyu Zhang director FLAT/RM 03-04 20/F HUTCHISON HOUSE, 10 HARCOURT ROAD, CENTRAL HONG KONG K3 00000
Yang Zhihua officer: Chief Executive Officer ROOM 1105 WING ON PLAZA, 62 MODY ROAD, TSIM SHA TSUI, KOWLOON K3 999077
Jing Wang officer: Chief Financial Officer ROOM 1105 WING ON PLAZA, 62 MODY ROAD, KOWLOON K3 999077
Hui Ngai Ma 10 percent owner 2A, BLOCK H3, CHI FU FA YUEN, POK FU LAM, HONG KONG K3 000000
Jian Xiao director, 10 percent owner C/O TAKUNG ART CO., LTD, 1105 WING ON PLAZA, 62 MODY ROAD, TSIM SHA TSUI, KOWLOON K3 999077
Fang Mu officer: Chief Executive Officer 1105 WING ON PLAZA, 62 MODY ROAD, TSIM SHA TSUI, KOWLOON K3 999077
Jehn Ming Lim officer: Chief Financial Officer FLAT E,7/F, BLOCK 3 ,BANYAN MANSION, WHAMPOA GARDEN,HUNG HOM, KOWLOON, HONG KONG K3 00000
Tianjian Long Shun Inv 10 percent owner SHAZHUANG VILLAGE, SHUANGJIE TOWN, BEICHEN DISTRICT, TIANJIN CITY F4 300400
Ming Cheng director FLAT/RM 03-04 20/F HUTCHISON HOUSE, 10 HARCOURT ROAD, CENTRAL HONG KONG K3 00000
Chow Chun Hin Leslie officer: Chief Financial Officer FLAT/RM 03-04 20/F HUTCHISON HOUSE, 10 HARCOURT ROAD, CENTRAL, HONG KONG F4 00000
Zishen Li director FLAT/RM 03-04 20/F HUTCHISON HOUSE, 10 HARCOURT ROAD, CENTRAL, HONG KONG NY 00000