ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Muscat Finance CoOG's annualizedNet Income for the quarter that ended in Dec. 2023 was ر.ع0.28 Mil.
Muscat Finance CoOG's average Total Assets over the quarter that ended in Dec. 2023 was ر.ع100.49 Mil. Therefore, Muscat Finance CoOG's annualized ROA % for the quarter that ended in Dec. 2023 was 0.27%.
The historical rank and industry rank for Muscat Finance CoOG's ROA % or its related term are showing as below:
MUS:MFCI'
s ROA % Range Over the Past 10 Years
Min: -2.76 Med: 1.82 Max: 3.29
Current: 0.27
During the past 13 years, Muscat Finance CoOG's highest ROA % was 3.29%. The lowest was -2.76%. And the median was 1.82%.
MUS:MFCI's ROA % is ranked worse than 68.97% of 535
companies
in the Credit Services industry
Industry Median: 1.72
vs MUS:MFCI: 0.27
Muscat Finance CoOG ROA % Historical Data
The historical data trend for Muscat Finance CoOG'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.
Competitive Comparison of Muscat Finance CoOG's ROA %
For the Credit Services subindustry, Muscat Finance CoOG'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.
Muscat Finance CoOG's ROA % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, Muscat Finance CoOG's ROA % distribution charts can be found below:
* The bar in red indicates where Muscat Finance CoOG'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 one times the annual (Dec. 2023) net income data.
ROA % is displayed in the 30-year financial page.
Muscat Finance CoOG (MUS:MFCI) 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 one times the annual (Dec. 2023) net income data. The Revenue data used here is one times the 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.
Muscat Finance CoOG ROA % Related Terms
Thank you for viewing the detailed overview of Muscat Finance CoOG's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Muscat Finance Co Ltd SAOG operates as a non-banking finance company. The company provides financing of vehicles, equipment, warehouse financing, and plant and machinery to businesses in the form of financial leasing. The company also provides short-term finance in the form of factoring of receivables. The company provides loans to individual customers for purchasing vehicles and consumer durables for their personal use. The company's products include hire purchase financing, equipment leasing, debt factoring, working capital financing, and consumer durable loans. All of the operations of the company are carried out in the Sultanate of Oman.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MUS:MFCI has been successfully added to your 