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Isfelag hfs (OISE:ISF) ROA % : 4.86% (As of Sep. 2024)


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What is Isfelag hfs ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Isfelag hfs's annualized Net Income for the quarter that ended in Sep. 2024 was kr5,206 Mil. Isfelag hfs's average Total Assets over the quarter that ended in Sep. 2024 was kr107,170 Mil. Therefore, Isfelag hfs's annualized ROA % for the quarter that ended in Sep. 2024 was 4.86%.

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

OISE:ISF' s ROA % Range Over the Past 10 Years
Min: 2.7   Med: 10.08   Max: 18.88
Current: 2.7

During the past 4 years, Isfelag hfs's highest ROA % was 18.88%. The lowest was 2.70%. And the median was 10.08%.

OISE:ISF's ROA % is ranked worse than
54.79% of 1920 companies
in the Consumer Packaged Goods industry
Industry Median: 3.315 vs OISE:ISF: 2.70

Isfelag hfs ROA % Historical Data

The historical data trend for Isfelag hfs'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.

Isfelag hfs ROA % Chart

Isfelag hfs Annual Data
Trend Dec20 Dec21 Dec22 Dec23
ROA %
4.77 13.38 18.88 6.78

Isfelag hfs Quarterly Data
Dec20 Dec21 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROA % Get a 7-Day Free Trial Premium Member Only 9.94 0.80 -0.59 0.75 4.86

Competitive Comparison of Isfelag hfs's ROA %

For the Packaged Foods subindustry, Isfelag hfs'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.


Isfelag hfs's ROA % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Isfelag hfs's ROA % distribution charts can be found below:

* The bar in red indicates where Isfelag hfs's ROA % falls into.



Isfelag hfs ROA % Calculation

Isfelag hfs's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=5361.404/( (46510.165+111584.722)/ 2 )
=5361.404/79047.4435
=6.78 %

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

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=5206.452/( (106106.655+108233.655)/ 2 )
=5206.452/107170.155
=4.86 %

* 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 (Sep. 2024) net income data. ROA % is displayed in the 30-year financial page.


Isfelag hfs  (OISE:ISF) 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
=5206.452/107170.155
=(Net Income / Revenue)*(Revenue / Total Assets)
=(5206.452 / 29007.54)*(29007.54 / 107170.155)
=Net Margin %*Asset Turnover
=17.95 %*0.2707
=4.86 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (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.


Isfelag hfs ROA % Related Terms

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Isfelag hfs Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Tangagata 1, Vestmannaeyjar, ISL, 900
Isfelag hfs is engaged in fishing and the processing of marine products. It is active in Iceland in the field of fishing and processing of pelagic species and production of fishmeal and fish oil and also produces sea-frozen seafood. Its products include COD fish, HADDOCK fish, SAITHE fish, CAPELIN fish, MACKEREL fish, HERRING fish etc.

Isfelag hfs Headlines

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