Total Kenya (NAI:TOTL) ROA % : 2.46% (As of Jun. 2023)

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What is Total Kenya ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Total Kenya's annualized Net Income for the quarter that ended in Jun. 2023 was KES1,645 Mil. Total Kenya's average Total Assets over the quarter that ended in Jun. 2023 was KES66,965 Mil. Therefore, Total Kenya's annualized ROA % for the quarter that ended in Jun. 2023 was 2.46%.

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

NAI:TOTL' s ROA % Range Over the Past 10 Years
Min: 3.54 Med: 6.04 Max: 8.18
Current: 3.54

During the past 13 years, Total Kenya's highest ROA % was 8.18%. The lowest was 3.54%. And the median was 6.04%.

NAI:TOTL's ROA % is ranked better than
56.54% of 1086 companies
in the Oil & Gas industry
Industry Median: 2.435 vs NAI:TOTL: 3.54

Total Kenya ROA % Historical Data

The historical data trend for Total Kenya'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.

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Total Kenya ROA % Chart

Total Kenya Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROA %

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6.60

8.18

6.09

4.07

4.08

Total Kenya Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
ROA %	Get a 7-Day Free Trial															4.59	3.27	5.34	2.46	-

Competitive Comparison of Total Kenya's ROA %

For the Oil & Gas Refining & Marketing subindustry, Total Kenya'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.

Total Kenya's ROA % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Total Kenya's ROA % distribution charts can be found below:

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

Total Kenya ROA % Calculation

Total Kenya'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 )
	=	3022.924	/	( (73043.134	+	75315.472)	/ 2 )
	=	3022.924	/	74179.303
	=	4.08 %

Total Kenya's annualized ROA % for the quarter that ended in Jun. 2023 is calculated as:

ROA %	=	Net Income (Q: Jun. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Jun. 2023 ))	/ count )
	=	1645.144	/	( (73043.134	+	60886.352)	/ 2 )
	=	1645.144	/	66964.743
	=	2.46 %

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 (Jun. 2023) net income data. ROA % is displayed in the 30-year financial page.

Total Kenya (NAI:TOTL) 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:

	ROA %		(Q: Jun. 2023 )
=	Net Income	/	Total Assets
=	1645.144	/	66964.743
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(1645.144 / 113386.382)	*	(113386.382 / 66964.743)
=	Net Margin %	*	Asset Turnover
=	1.45 %	*	1.6932
=	2.46 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) revenue data.

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.

Total Kenya ROA % Related Terms

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