ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Namo eWaste Management's annualizedNet Income for the quarter that ended in Sep. 2024 was ₹107 Mil.
Namo eWaste Management's average Total Assets over the quarter that ended in Sep. 2024 was ₹855 Mil. Therefore, Namo eWaste Management's annualized ROA % for the quarter that ended in Sep. 2024 was 12.50%.
The historical rank and industry rank for Namo eWaste Management's ROA % or its related term are showing as below:
NSE:NAMOEWASTE'
s ROA % Range Over the Past 10 Years
Min: 4.33 Med: 5.97 Max: 13.41
Current: 11.05
During the past 3 years, Namo eWaste Management's highest ROA % was 13.41%. The lowest was 4.33%. And the median was 5.97%.
NSE:NAMOEWASTE's ROA % is ranked better than 89.96% of 249
companies
in the Waste Management industry
Industry Median: 1.79
vs NSE:NAMOEWASTE: 11.05
* 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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Namo eWaste Management ROA % Chart
Namo eWaste Management Annual Data
Trend
Mar22
Mar23
Mar24
ROA %
4.33
5.97
13.41
Namo eWaste Management Semi-Annual Data
Mar22
Mar23
Sep23
Mar24
Sep24
ROA %
-
-
13.95
13.07
12.50
Competitive Comparison of Namo eWaste Management's ROA %
For the Waste Management subindustry, Namo eWaste Management'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.
Namo eWaste Management's ROA % Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Namo eWaste Management's ROA % distribution charts can be found below:
* The bar in red indicates where Namo eWaste Management'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 two times the semi-annual (Sep. 2024) net income data.
ROA % is displayed in the 30-year financial page.
Namo eWaste Management (NSE:NAMOEWASTE) 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. 2024) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.
Namo eWaste Management ROA % Related Terms
Thank you for viewing the detailed overview of Namo eWaste Management's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Namo eWaste Management Ltd is an E-Waste collection, disposal and recycling company that offers comprehensive services for recycling of electrical and electronic equipment (EEE) waste like Air Conditioners, refrigerators, Laptop, Phones, Washing Machines, Fans, etc. It is committed towards managing large volumes of electrical and electronic equipment waste and is able to extract all of the components of an electrical item including precious and semi-precious metals like Copper, Aluminium, Iron, etc.
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