ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Kronox Lab Sciences's annualizedNet Income for the quarter that ended in Dec. 2024 was ₹261.1 Mil.
Kronox Lab Sciences's average Total Assets over the quarter that ended in Dec. 2024 was ₹851.9 Mil. Therefore, Kronox Lab Sciences's annualized ROA % for the quarter that ended in Dec. 2024 was 30.66%.
The historical rank and industry rank for Kronox Lab Sciences's ROA % or its related term are showing as below:
NSE:KRONOX'
s ROA % Range Over the Past 10 Years
Min: 25.18 Med: 28.86 Max: 29.99
Current: 25.18
During the past 3 years, Kronox Lab Sciences's highest ROA % was 29.99%. The lowest was 25.18%. And the median was 28.86%.
NSE:KRONOX's ROA % is ranked better than 99.29% of 1560
companies
in the Chemicals industry
Industry Median: 2.83
vs NSE:KRONOX: 25.18
Kronox Lab Sciences ROA % Historical Data
The historical data trend for Kronox Lab Sciences'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 Kronox Lab Sciences's ROA %
For the Specialty Chemicals subindustry, Kronox Lab Sciences'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.
Kronox Lab Sciences's ROA % Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Kronox Lab Sciences's ROA % distribution charts can be found below:
* The bar in red indicates where Kronox Lab Sciences'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 (Dec. 2024) net income data.
ROA % is displayed in the 30-year financial page.
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 (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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.
Kronox Lab Sciences ROA % Related Terms
Thank you for viewing the detailed overview of Kronox Lab Sciences's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kronox Lab Sciences Ltd manufactures High Purity Speciality Fine Chemicals for diversified end-user industries. The company's Fine inorganic Chemicals are used mainly as reacting agents and raw materials in the manufacturing of Active Pharmaceutical Ingredients; excipients in pharmaceutical formulations; reagents for scientific research and laboratory testing; ingredients in nutraceuticals formulations; process intermediates and fermenting agents in biotech applications; ingredients in agrochemical formulations; ingredients in personal care products; refining agents in metal refineries; and ingredients in animal health products, amongst others. It manufactures specialty fine Chemicals of various grades in particle sizes ranging from 10 mesh to 100 mesh.
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