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Solar Foods Oyj (OHEL:SFOODS) ROA % : -22.03% (As of Dec. 2024)


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What is Solar Foods Oyj ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Solar Foods Oyj's annualized Net Income for the quarter that ended in Dec. 2024 was €-11.02 Mil. Solar Foods Oyj's average Total Assets over the quarter that ended in Dec. 2024 was €50.02 Mil. Therefore, Solar Foods Oyj's annualized ROA % for the quarter that ended in Dec. 2024 was -22.03%.

The historical rank and industry rank for Solar Foods Oyj's ROA % or its related term are showing as below:

OHEL:SFOODS' s ROA % Range Over the Past 10 Years
Min: -22.03   Med: -18.65   Max: -6.68
Current: -22.03

During the past 4 years, Solar Foods Oyj's highest ROA % was -6.68%. The lowest was -22.03%. And the median was -18.65%.

OHEL:SFOODS's ROA % is ranked worse than
95.27% of 1566 companies
in the Chemicals industry
Industry Median: 2.83 vs OHEL:SFOODS: -22.03

Solar Foods Oyj ROA % Historical Data

The historical data trend for Solar Foods Oyj'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.

Solar Foods Oyj ROA % Chart

Solar Foods Oyj Annual Data
Trend Dec21 Dec22 Dec23 Dec24
ROA %
-6.68 -16.78 -20.51 -22.03

Solar Foods Oyj Semi-Annual Data
Dec21 Dec22 Dec23 Dec24
ROA % -6.68 -16.78 -20.51 -22.03

Competitive Comparison of Solar Foods Oyj's ROA %

For the Specialty Chemicals subindustry, Solar Foods Oyj'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.


Solar Foods Oyj's ROA % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Solar Foods Oyj's ROA % distribution charts can be found below:

* The bar in red indicates where Solar Foods Oyj's ROA % falls into.



Solar Foods Oyj ROA % Calculation

Solar Foods Oyj's annualized ROA % for the fiscal year that ended in Dec. 2024 is calculated as:

ROA %=Net Income (A: Dec. 2024 )/( (Total Assets (A: Dec. 2023 )+Total Assets (A: Dec. 2024 ))/ count )
=-11.022/( (53.365+46.684)/ 2 )
=-11.022/50.0245
=-22.03 %

Solar Foods Oyj's annualized ROA % for the quarter that ended in Dec. 2024 is calculated as:

ROA %=Net Income (Q: Dec. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Dec. 2024 ))/ count )
=-11.022/( (53.365+46.684)/ 2 )
=-11.022/50.0245
=-22.03 %

* 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 one times the annual (Dec. 2024) net income data. ROA % is displayed in the 30-year financial page.


Solar Foods Oyj  (OHEL:SFOODS) 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: Dec. 2024 )
=Net Income/Total Assets
=-11.022/50.0245
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-11.022 / 0.019)*(0.019 / 50.0245)
=Net Margin %*Asset Turnover
=-58010.53 %*0.0004
=-22.03 %

Note: The Net Income data used here is one times the annual (Dec. 2024) net income data. The Revenue data used here is one times the annual (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.


Solar Foods Oyj ROA % Related Terms

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Solar Foods Oyj Business Description

Traded in Other Exchanges
Address
Bull run 11, Vantaa, FIN, 01730
Solar Foods Oyj is a technology company that aims to commercialize food raw materials that nutritionally replace animal-based food and the patented technology platform used to produce them, hydrogen fermentation. Its first commercialized product is Solein, Solein is a protein-rich powder based on a single-celled microbe that occurs in nature. Solar Foods produces Solein as a food protein.

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