Nickel AsiaNCKAF 90 ROA % is 2.19% as of Mar. 2026, which is 68% below its 10-year median of 6.76. GuruFocus rates NCKAF with a GF Score™ of 90/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,665 Metals & Mining companies, Nickel Asia ranks better than 88.48% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nickel Asia's annualizedNet Income for the quarter that ended in Mar. 2026 was $24.3 Mil.
Nickel Asia's average Total Assets over the quarter that ended in Mar. 2026 was $1,109.7 Mil. Therefore, Nickel Asia's annualized ROA % for the quarter that ended in Mar. 2026 was 2.19%.
The historical rank and industry rank for Nickel Asia's ROA % or its related term are showing as below:
NCKAF'
s ROA % Range Over the Past 10 Years
Min: 2.54 Med: 6.76 Max: 15.63
Current: 9.38
During the past 13 years, Nickel Asia's highest ROA % was 15.63%. The lowest was 2.54%. And the median was 6.76%.
NCKAF's ROA % is ranked better than 88.48% of 2665
companies
in the Metals & Mining industry
Industry Median: -16.81
vs NCKAF: 9.38
Nickel Asia (OTCPK:NCKAF) 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 (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) 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.
Nickel Asia ROA % Related Terms
Nickel Asia ROA % Historical Data
* Premium members only.
The historical data trend for Nickel Asia'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.
For the Other Industrial Metals & Mining subindustry, Nickel Asia'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.
Nickel Asia ROA % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Asia's ROA % distribution charts can be found below:
* The bar in red indicates where Nickel Asia'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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Nickel Asia (NCKAF) has a ROA % of 2.19% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Nickel Asia and its competitors. This is 68% below median its historical median of 6.76. Over the past decade, Nickel Asia's ROA % has ranged from 2.54 to 15.63. According to the industry distribution chart, Nickel Asia ranks #307 out of 2665 companies in the Metals & Mining industry, placing it in the top 11.5%.
Is Nickel Asia's ROA % too high?
Nickel Asia's current ROA % of 2.19% is 68% below median its 10-year median of 6.76. Over the past 10 years, this metric has ranged from a low of 2.54 to a high of 15.63. Based on the distribution chart, Nickel Asia ranks #307 out of 2665 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Nickel Asia has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Asia's ROA % compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Asia ranks #307 out of 2665 companies for ROA %. This places Nickel Asia in the top 12% of its industry — outperforming the majority of peers. Historically, Nickel Asia's own ROA % has ranged from 2.54 to 15.63 over the past decade. 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 Metals & Mining company?
A good ROA % depends on the Metals & Mining industry context. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. 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 Nickel Asia and its competitors. Nickel Asia's current ROA % is 2.19%, which is 68% below median its own 10-year median of 6.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Asia stock overvalued right now?
Based on GuruFocus' analysis, Nickel Asia (NCKAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.10 — trading 66.7% above its estimated fair value. The current ROA % is 2.19%, which is 68% below median its 10-year median of 6.76. Nickel Asia's overall GF Score™ is 90/100 with 3 warning signs to review. 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 Nickel Asia (NCKAF), the current ROA % is 2.19% as of Mar. 2026. 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.
Is Nickel Asia (NCKAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Asia stock appears to be overvalued.
The current stock price of $0.10 is trading 66.7% above its estimated GF Value™ of $0.06.
GuruFocus considers Nickel Asia to be Significantly Overvalued.
Key valuation signals for NCKAF:
ROA %: 2.19% (68% below median its 10-year median of 6.76)
GF Value™: $0.06 vs. price of $0.10 (66.7% above fair value)
No single metric tells the full story. See the NCKAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Asia Corp is a diversified natural resources development company is principally engaged in the business of producing beneficiated nickel ore, limestone, and quarry materials, rendering of services, and generating revenue from sale of power. The company has three operating segments which is The mining segment which accounts for a majority of the company's revenue includes the mining and exploration of nickel saprolite and limonite ore, limestone, and quarry materials, the services segment includes chartering out of LCT, construction and rendering of services to CBNC, THNC, and other parties and leasing of aircraft to WAISC, and the power segment is into power generation and exploration for geothermal resources.
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