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Finance for Food SpA (MIL:FFF) ROA % : 0.00% (As of Dec. 2023)


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What is Finance for Food SpA ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Finance for Food SpA's annualized Net Income for the quarter that ended in Dec. 2023 was €0.00 Mil. Finance for Food SpA's average Total Assets over the quarter that ended in Dec. 2023 was €0.43 Mil. Therefore, Finance for Food SpA's annualized ROA % for the quarter that ended in Dec. 2023 was 0.00%.

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

MIL:FFF' s ROA % Range Over the Past 10 Years
Min: 1.66   Med: 4.94   Max: 8.69
Current: 8.69

During the past 2 years, Finance for Food SpA's highest ROA % was 8.69%. The lowest was 1.66%. And the median was 4.94%.

MIL:FFF's ROA % is ranked better than
76.4% of 1068 companies
in the Business Services industry
Industry Median: 3.645 vs MIL:FFF: 8.69

Finance for Food SpA ROA % Historical Data

The historical data trend for Finance for Food SpA'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.

Finance for Food SpA ROA % Chart

Finance for Food SpA Annual Data
Trend Dec22 Dec23
ROA %
1.66 8.22

Finance for Food SpA Semi-Annual Data
Dec22 Dec23 Jun24
ROA % - - 17.21

Competitive Comparison of Finance for Food SpA's ROA %

For the Consulting Services subindustry, Finance for Food SpA'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.


Finance for Food SpA's ROA % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Finance for Food SpA's ROA % distribution charts can be found below:

* The bar in red indicates where Finance for Food SpA's ROA % falls into.



Finance for Food SpA ROA % Calculation

Finance for Food SpA'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 )
=0.035/( (0.422+0.43)/ 2 )
=0.035/0.426
=8.22 %

Finance for Food SpA's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=0/( (0.422+0.43)/ 2 )
=0/0.426
=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 two times the semi-annual (Dec. 2023) net income data. ROA % is displayed in the 30-year financial page.


Finance for Food SpA  (MIL:FFF) 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: Dec. 2023 )
=Net Income/Total Assets
=0/0.426
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0 / 0)*(0 / 0.426)
=Net Margin %*Asset Turnover
=N/A %*0
=0.00 %

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.


Finance for Food SpA ROA % Related Terms

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Finance for Food SpA Business Description

Traded in Other Exchanges
N/A
Address
Via Manzoni, 5, Milan, ITA, 20121
Finance for Food SpA provides consultancy and advisory services with respect to agri-food supply chains and related sectors. The company also provides consultancy services of Power industry.

Finance for Food SpA Headlines

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