ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. The Philippine Stock Exchange's annualizedNet Income for the quarter that ended in Sep. 2024 was ₱969 Mil.
The Philippine Stock Exchange's average Total Assets over the quarter that ended in Sep. 2024 was ₱6,927 Mil. Therefore, The Philippine Stock Exchange's annualized ROA % for the quarter that ended in Sep. 2024 was 13.99%.
The historical rank and industry rank for The Philippine Stock Exchange's ROA % or its related term are showing as below:
PHS:PSE'
s ROA % Range Over the Past 10 Years
Min: 10.08 Med: 13.52 Max: 27.59
Current: 11.84
During the past 13 years, The Philippine Stock Exchange's highest ROA % was 27.59%. The lowest was 10.08%. And the median was 13.52%.
PHS:PSE's ROA % is ranked better than 86.73% of 799
companies
in the Capital Markets industry
Industry Median: 1.57
vs PHS:PSE: 11.84
The Philippine Stock Exchange ROA % Historical 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.
Competitive Comparison of The Philippine Stock Exchange's ROA %
For the Financial Data & Stock Exchanges subindustry, The Philippine Stock Exchange'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.
The Philippine Stock Exchange's ROA % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, The Philippine Stock Exchange's ROA % distribution charts can be found below:
* The bar in red indicates where The Philippine Stock Exchange'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 four times the quarterly (Sep. 2024) net income data.
ROA % is displayed in the 30-year financial page.
The Philippine Stock Exchange (PHS:PSE) 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 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.
The Philippine Stock Exchange ROA % Related Terms
Thank you for viewing the detailed overview of The Philippine Stock Exchange's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Philippine Stock Exchange Business Description
The Philippine Stock Exchange Inc is a Philippines-based stock corporation. Its core business is to provide and maintain a convenient and suitable market for the exchange, purchase, and sale of all types of securities and other instruments. The company provides trading, clearing, depository, and information services for the equity market. It also operates activities of clearance and settlement agencies through its wholly-owned subsidiaries. The sources of revenue mainly consist of listing-related fees for initial public offerings, annual listing maintenance membership, transactions, data feeds, and miscellaneous fees. Geographically, the company's key revenue is derived from domestic operations.
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