ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Agarwal Float Glass India's annualizedNet Income for the quarter that ended in Sep. 2023 was ₹17.5 Mil.
Agarwal Float Glass India's average Total Assets over the quarter that ended in Sep. 2023 was ₹289.8 Mil. Therefore, Agarwal Float Glass India's annualized ROA % for the quarter that ended in Sep. 2023 was 6.05%.
The historical rank and industry rank for Agarwal Float Glass India's ROA % or its related term are showing as below:
NSE:AGARWALFT'
s ROA % Range Over the Past 10 Years
Min: 0.5 Med: 3.25 Max: 11.16
Current: 3.5
During the past 4 years, Agarwal Float Glass India's highest ROA % was 11.16%. The lowest was 0.50%. And the median was 3.25%.
NSE:AGARWALFT's ROA % is ranked better than 56.57% of 396
companies
in the Building Materials industry
Industry Median: 2.605
vs NSE:AGARWALFT: 3.50
* 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 Agarwal Float Glass India's ROA %
For the Building Materials subindustry, Agarwal Float Glass India'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.
Agarwal Float Glass India's ROA % Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Agarwal Float Glass India's ROA % distribution charts can be found below:
* The bar in red indicates where Agarwal Float Glass India's ROA % falls into.
Agarwal Float Glass India ROA % Calculation
Agarwal Float Glass India's annualized ROA % for the fiscal year that ended in Mar. 2023 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 two times the semi-annual (Sep. 2023) net income data.
ROA % is displayed in the 30-year financial page.
Agarwal Float Glass India (NSE:AGARWALFT) 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 two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.
Agarwal Float Glass India ROA % Related Terms
Thank you for viewing the detailed overview of Agarwal Float Glass India's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Agarwal Float Glass India Ltd is engaged in the business of trading of glass and specialized glass products. The company procures quality products from manufacturers and thereafter sells the same through the sales managers or directly to customers, as a wholesaler of glass and glass products. The products are utilized in varied areas like office buildings, hotels, institutions, banks, insurance companies, shopping malls, diplomatic residences, and many others as per suitability. The product portfolio ranges between clear glass, different kinds of value-added glass products and processed glass products, of varying thicknesses.
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