Top Line Business DevelopmentPHS:TOP 5 ROA % is 4.81% as of Mar. 2026, which is 30% above its 10-year median of 3.69. GuruFocus rates PHS:TOP with a GF Score™ of 5/100. The stock has 2 warning signs investors should review. Among 1,129 Retail - Cyclical companies, Top Line Business Development ranks better than 53.68% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Top Line Business Development's annualizedNet Income for the quarter that ended in Mar. 2026 was ₱249 Mil.
Top Line Business Development's average Total Assets over the quarter that ended in Mar. 2026 was ₱5,183 Mil. Therefore, Top Line Business Development's annualized ROA % for the quarter that ended in Mar. 2026 was 4.81%.
The historical rank and industry rank for Top Line Business Development's ROA % or its related term are showing as below:
PHS:TOP'
s ROA % Range Over the Past 10 Years
Min: 2.96 Med: 3.69 Max: 5.49
Current: 3.08
During the past 5 years, Top Line Business Development's highest ROA % was 5.49%. The lowest was 2.96%. And the median was 3.69%.
PHS:TOP's ROA % is ranked better than 53.68% of 1129
companies
in the Retail - Cyclical industry
Industry Median: 2.73
vs PHS:TOP: 3.08
Top Line Business Development (PHS:TOP) 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 (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (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.
Top Line Business Development ROA % Related Terms
Top Line Business Development 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.
For the Specialty Retail subindustry, Top Line Business Development'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.
Top Line Business Development ROA % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Top Line Business Development's ROA % distribution charts can be found below:
* The bar in red indicates where Top Line Business Development'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 (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Top Line Business Development (PHS:TOP) has a ROA % of 4.81% 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 Top Line Business Development and its competitors. This is 30% above median its historical median of 3.69. Over the past decade, Top Line Business Development's ROA % has ranged from 2.96 to 5.49. According to the industry distribution chart, Top Line Business Development ranks #523 out of 1129 companies in the Retail - Cyclical industry, placing it in the top 46.3%.
Is Top Line Business Development's ROA % too high?
Top Line Business Development's current ROA % of 4.81% is 30% above median its 10-year median of 3.69. Over the past 10 years, this metric has ranged from a low of 2.96 to a high of 5.49. The Retail - Cyclical industry median ROA % is 2.73. Top Line Business Development's value of 4.81% is 76.2% above this industry median. Based on the distribution chart, Top Line Business Development ranks #523 out of 1129 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Top Line Business Development has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does Top Line Business Development's ROA % compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Top Line Business Development ranks #523 out of 1129 companies for ROA %. This puts Top Line Business Development in the upper half of its industry. The industry median ROA % is 2.73. Top Line Business Development's value of 4.81% is 76.2% above this benchmark. Historically, Top Line Business Development's own ROA % has ranged from 2.96 to 5.49 over the past decade. While the company's 10-year median is 3.69 vs. the industry median of 2.73, Top Line Business Development 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 Retail - Cyclical company?
The median ROA % among Retail - Cyclical companies is 2.73, based on 1,129 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. Top Line Business Development's current ROA % of 4.81% is 76.2% 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 Top Line Business Development and its competitors. For the Retail - Cyclical industry, the median ROA % is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Top Line Business Development's current ROA % is 4.81%, which is 30% above median its own 10-year median of 3.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top Line Business Development stock overvalued right now?
Top Line Business Development (PHS:TOP) has a current ROA % of 4.81%. The current ROA % is 4.81%, which is 30% above median its 10-year median of 3.69 and 76.2% above the Retail - Cyclical industry median of 2.73. Top Line Business Development's overall GF Score™ is 5/100 with 2 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 Top Line Business Development (PHS:TOP), the current ROA % is 4.81% 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.
Top Line Business Development Business Description
Top Line Business Development Corp is providing consistent and reliable fuel solutions that power industries with efficiency and sustainability. It is mainly focused on its vertically integrated liquid fuels business, with an emphasis on the underserved Central Visayas region. The company is engaged in the business of petroleum and petroleum products, mineral oils, and other sources of energy.
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