Onyx BiotecNSE:ONYX 13 ROA % is 1.47% as of Mar. 2026, which is 73% below its 10-year median of 5.47. GuruFocus rates NSE:ONYX with a GF Score™ of 13/100. The stock has 6 warning signs investors should review. Among 858 Medical Devices & Instruments companies, Onyx Biotec ranks worse than 52.45% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Onyx Biotec's annualizedNet Income for the quarter that ended in Mar. 2026 was ₹13.7 Mil.
Onyx Biotec's average Total Assets over the quarter that ended in Mar. 2026 was ₹936.4 Mil. Therefore, Onyx Biotec's annualized ROA % for the quarter that ended in Mar. 2026 was 1.47%.
The historical rank and industry rank for Onyx Biotec's ROA % or its related term are showing as below:
NSE:ONYX'
s ROA % Range Over the Past 10 Years
Min: -0.23 Med: 5.47 Max: 9.1
Current: -0.23
During the past 5 years, Onyx Biotec's highest ROA % was 9.10%. The lowest was -0.23%. And the median was 5.47%.
NSE:ONYX's ROA % is ranked worse than 52.45% of 858
companies
in the Medical Devices & Instruments industry
Industry Median: 0.545
vs NSE:ONYX: -0.23
Onyx Biotec (NSE:ONYX) 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 (Mar. 2026) net income data. The Revenue data used here is two times the semi-annual (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.
Onyx Biotec ROA % Related Terms
Onyx Biotec ROA % Historical Data
* Premium members only.
The historical data trend for Onyx Biotec'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 Medical Instruments & Supplies subindustry, Onyx Biotec'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.
Onyx Biotec ROA % vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Onyx Biotec's ROA % distribution charts can be found below:
* The bar in red indicates where Onyx Biotec'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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Onyx Biotec (NSE:ONYX) has a ROA % of 1.47% 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 Onyx Biotec and its competitors. This is 73% below median its historical median of 5.47. According to the industry distribution chart, Onyx Biotec ranks #450 out of 858 companies in the Medical Devices & Instruments industry, placing it in the top 52.4%.
Is Onyx Biotec's ROA % too high?
Onyx Biotec's current ROA % of 1.47% is 73% below median its 10-year median of 5.47. The Medical Devices & Instruments industry median ROA % is 0.55. Onyx Biotec's value of 1.47% is 169.7% above this industry median. Based on the distribution chart, Onyx Biotec ranks #450 out of 858 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Onyx Biotec has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Onyx Biotec's ROA % compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Onyx Biotec ranks #450 out of 858 companies for ROA %. This places Onyx Biotec in the lower half of its industry. The industry median ROA % is 0.55. Onyx Biotec's value of 1.47% is 169.7% above this benchmark. While the company's 10-year median is 5.47 vs. the industry median of 0.55, Onyx Biotec has consistently been above the industry average. 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 Medical Devices & Instruments company?
The median ROA % among Medical Devices & Instruments companies is 0.55, based on 858 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Onyx Biotec's current ROA % of 1.47% is 169.7% above the industry median. 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 Onyx Biotec and its competitors. For the Medical Devices & Instruments industry, the median ROA % is 0.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onyx Biotec's current ROA % is 1.47%, which is 73% below median its own 10-year median of 5.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onyx Biotec stock overvalued right now?
Onyx Biotec (NSE:ONYX) has a current ROA % of 1.47%. The current ROA % is 1.47%, which is 73% below median its 10-year median of 5.47 and 169.7% above the Medical Devices & Instruments industry median of 0.55. Onyx Biotec's overall GF Score™ is 13/100 with 6 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 Onyx Biotec (NSE:ONYX), the current ROA % is 1.47% 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.
Onyx Biotec Ltd is engaged in healthcare segment and offering Sterile Pharmaceutical products ,and acts as a pharmaceutical contract manufacturer. It offering products such as Sterile Water for Injections, Dry Powder Injections and Dry Syrup for India and overseas. Key revenue is generated from Sterile Water for Injections .
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