ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Nippon Sheet Glass Co's annualizedNet Income for the quarter that ended in Mar. 2024 was $-77 Mil.
Nippon Sheet Glass Co's average Total Assets over the quarter that ended in Mar. 2024 was $6,674 Mil. Therefore, Nippon Sheet Glass Co's annualized ROA % for the quarter that ended in Mar. 2024 was -1.15%.
The historical rank and industry rank for Nippon Sheet Glass Co's ROA % or its related term are showing as below:
NPSGF'
s ROA % Range Over the Past 10 Years
Min: -5.75 Med: 0.33 Max: 1.71
Current: 0.61
During the past 13 years, Nippon Sheet Glass Co's highest ROA % was 1.71%. The lowest was -5.75%. And the median was 0.33%.
NPSGF's ROA % is ranked worse than 70.81% of 1326
companies
in the Vehicles & Parts industry
Industry Median: 3.43
vs NPSGF: 0.61
* 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 Nippon Sheet Glass Co's ROA %
For the Auto Parts subindustry, Nippon Sheet Glass Co'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.
Nippon Sheet Glass Co's ROA % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Nippon Sheet Glass Co's ROA % distribution charts can be found below:
* The bar in red indicates where Nippon Sheet Glass Co's ROA % falls into.
Nippon Sheet Glass Co ROA % Calculation
Nippon Sheet Glass Co's annualized ROA % for the fiscal year that ended in Mar. 2024 is calculated as:
* 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. 2024) net income data.
ROA % is displayed in the 30-year financial page.
Nippon Sheet Glass Co (OTCPK:NPSGF) 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. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) 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.
Nippon Sheet Glass Co ROA % Related Terms
Thank you for viewing the detailed overview of Nippon Sheet Glass Co's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Nippon Sheet Glass Co Ltd manufactures glass and glazing products for many industries. The architectural segment, which accounts for roughly 40% of the company's total revenue, sells flat glass and glazing products to commercial and residential markets and the solar energy sector. The automotive segment, which accounts for roughly half of the company's total revenue, supplies a wide range of automotive glazing to vehicle manufacturers for new vehicles and replacement markets. The technical glass segment sells thin glass and glass fiber products for small displays, lenses, printers, and engine timing belts. Nippon sells its products worldwide, with more than a third of its sales in Europe, roughly a third in Japan and the rest of Asia, and the remaining sales in the Americas.
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