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Veritaas Advertising (NSE:VERITAAS) ROA % : 8.51% (As of Sep. 2024)


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What is Veritaas Advertising ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Veritaas Advertising's annualized Net Income for the quarter that ended in Sep. 2024 was ₹16.49 Mil. Veritaas Advertising's average Total Assets over the quarter that ended in Sep. 2024 was ₹193.79 Mil. Therefore, Veritaas Advertising's annualized ROA % for the quarter that ended in Sep. 2024 was 8.51%.

The historical rank and industry rank for Veritaas Advertising's ROA % or its related term are showing as below:

NSE:VERITAAS' s ROA % Range Over the Past 10 Years
Min: 4.25   Med: 10.98   Max: 12.95
Current: 4.25

During the past 3 years, Veritaas Advertising's highest ROA % was 12.95%. The lowest was 4.25%. And the median was 10.98%.

NSE:VERITAAS's ROA % is ranked better than
73.28% of 1044 companies
in the Media - Diversified industry
Industry Median: 0.425 vs NSE:VERITAAS: 4.25

Veritaas Advertising ROA % Historical Data

The historical data trend for Veritaas Advertising'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.

* Premium members only.

Veritaas Advertising ROA % Chart

Veritaas Advertising Annual Data
Trend Mar21 Mar22 Mar23
ROA %
12.95 5.97 10.98

Veritaas Advertising Semi-Annual Data
Mar21 Mar22 Mar23 Sep23 Sep24
ROA % - - - 29.19 8.51

Competitive Comparison of Veritaas Advertising's ROA %

For the Advertising Agencies subindustry, Veritaas Advertising'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.


Veritaas Advertising's ROA % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Veritaas Advertising's ROA % distribution charts can be found below:

* The bar in red indicates where Veritaas Advertising's ROA % falls into.


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Veritaas Advertising ROA % Calculation

Veritaas Advertising's annualized ROA % for the fiscal year that ended in Mar. 2023 is calculated as:

ROA %=Net Income (A: Mar. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Mar. 2023 ))/ count )
=4.389/( (26.9+53.058)/ 2 )
=4.389/39.979
=10.98 %

Veritaas Advertising's annualized ROA % for the quarter that ended in Sep. 2024 is calculated as:

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Sep. 2024 ))/ count )
=16.488/( (0+193.793)/ 1 )
=16.488/193.793
=8.51 %

* 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.


Veritaas Advertising  (NSE:VERITAAS) 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 bank’s 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:

ROA %(Q: Sep. 2024 )
=Net Income/Total Assets
=16.488/193.793
=(Net Income / Revenue)*(Revenue / Total Assets)
=(16.488 / 138.196)*(138.196 / 193.793)
=Net Margin %*Asset Turnover
=11.93 %*0.7131
=8.51 %

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.


Veritaas Advertising ROA % Related Terms

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Veritaas Advertising Business Description

Traded in Other Exchanges
N/A
Address
Gariahat South Road, 38/2A, Dhakuria, Rash Behari Avenue, Kolkata, WB, IND, 700029
Veritaas Advertising Ltd is an integrated advertising agency offering 360-degree services across multiple platforms. It operate/advertise in police booths and outdoor hoardings and offer marketing and advertising services through the following platforms OOH, Transit Media and Events. It provide high-end ecosystem and end-to-end advertising solutions platform for advertising media services consisting of Brand Strategy, Events, Outdoor (OOH) Media services which covers advertisement modes such as police booth hoardings, Newspapers insertions, Brochures, and display of Outdoor Hoardings, etc.

Veritaas Advertising Headlines

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