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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. MNG Havayollari ve Tasimacilik AS's annualizedNet Income for the quarter that ended in Dec. 2022 was $79.66 Mil.
MNG Havayollari ve Tasimacilik AS's average Total Assets over the quarter that ended in Dec. 2022 was $360.28 Mil. Therefore, MNG Havayollari ve Tasimacilik AS's annualized ROA % for the quarter that ended in Dec. 2022 was 22.11%.
MNGA's ROA % is not ranked *
in the Transportation industry.
Industry Median: 3.395 * Ranked among companies with meaningful ROA % only.
MNG Havayollari ve Tasimacilik AS (NYSE:MNGA) 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 (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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.
MNG Havayollari ve Tasimacilik AS ROA % Related Terms
MNG Havayollari ve Tasimacilik AS 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.
MNG Havayollari ve Tasimacilik AS ROA % Chart
MNG Havayollari ve Tasimacilik AS Annual Data
Trend
Dec20
Dec21
Dec22
ROA %
16.86
16.30
18.69
MNG Havayollari ve Tasimacilik AS Quarterly Data
Dec20
Dec21
Sep22
Dec22
ROA %
0.00
12.60
0.00
22.11
MNGA vs : ROA % Comparison
For the Integrated Freight & Logistics subindustry, MNG Havayollari ve Tasimacilik AS'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.
MNG Havayollari ve Tasimacilik AS ROA % vs Transportation Industry
For the Transportation industry and Industrials sector, MNG Havayollari ve Tasimacilik AS's ROA % distribution charts can be found below:
* The bar in red indicates where MNG Havayollari ve Tasimacilik AS'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 (Dec. 2022) net income data.
ROA % is displayed in the 30-year financial page.
MNG Havayollari ve Tasimacilik AS (MNGA) has a ROA % of 22.11% as of Dec. 2022. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors.
Is MNG Havayollari ve Tasimacilik AS's ROA % too high?
MNG Havayollari ve Tasimacilik AS's current ROA % is 22.11%. The Transportation industry median ROA % is 3.40. MNG Havayollari ve Tasimacilik AS's value of 22.11% is 551.3% above this industry median.
How does MNG Havayollari ve Tasimacilik AS's ROA % compare to ?
MNG Havayollari ve Tasimacilik AS's ROA % of 22.11% can be compared against companies in the Transportation industry. The industry median ROA % is 3.40. MNG Havayollari ve Tasimacilik AS's value of 22.11% is 551.3% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Transportation company?
The median ROA % among Transportation companies is 3.40, based on 1,012 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MNG Havayollari ve Tasimacilik AS's current ROA % of 22.11% is 551.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on MNG Havayollari ve Tasimacilik AS and its competitors. For the Transportation industry, the median ROA % is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MNG Havayollari ve Tasimacilik AS's current ROA % is 22.11%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MNG Havayollari ve Tasimacilik AS stock overvalued right now?
MNG Havayollari ve Tasimacilik AS (MNGA) has a current ROA % of 22.11%. The current ROA % is 22.11% and 551.3% above the Transportation industry median of 3.40. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For MNG Havayollari ve Tasimacilik AS (MNGA), the current ROA % is 22.11% as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
MNG Havayollari ve Tasimacilik AS Business Description
MNG Havayollari ve Tasimacilik AS is an independent logistics provider mainly in the EMEA region and a global e-commerce enabler. Its service offerings include scheduled and block space, charter, ACMI, special cargo, warehouse, handling and technical services. MNG's diversified business model provides MNG with a competitive advantage in the air cargo market, as it gives MNG the opportunity to provide customized services to its customers in accordance with needs and expectations. The company recognizes revenue for its global multimodal operations based on the origin of transported cargo carried on each flight.
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