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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Southern Alliance Mining's annualizedNet Income for the quarter that ended in Jan. 2026 was S$-2.67 Mil.
Southern Alliance Mining's average Total Assets over the quarter that ended in Jan. 2026 was S$151.28 Mil. Therefore, Southern Alliance Mining's annualized ROA % for the quarter that ended in Jan. 2026 was -1.76%.
The historical rank and industry rank for Southern Alliance Mining's ROA % or its related term are showing as below:
SGX:QNS'
s ROA % Range Over the Past 10 Years
Min: -25.96 Med: -1.15 Max: 57.64
Current: -4.7
During the past 9 years, Southern Alliance Mining's highest ROA % was 57.64%. The lowest was -25.96%. And the median was -1.15%.
SGX:QNS's ROA % is ranked worse than 85.65% of 634
companies
in the Steel industry
Industry Median: 2.005
vs SGX:QNS: -4.70
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 two times the semi-annual (Jan. 2026) net income data. The Revenue data used here is two times the semi-annual (Jan. 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.
* 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 Steel subindustry, Southern Alliance Mining'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.
Southern Alliance Mining ROA % vs Steel Industry
For the Steel industry and Basic Materials sector, Southern Alliance Mining's ROA % distribution charts can be found below:
* The bar in red indicates where Southern Alliance Mining'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 two times the semi-annual (Jan. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Southern Alliance Mining (SGX:QNS) has a ROA % of -1.76% as of Jan. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Southern Alliance Mining and its competitors. According to the industry distribution chart, Southern Alliance Mining ranks #543 out of 634 companies in the Steel industry, placing it in the top 85.6%.
Is Southern Alliance Mining's ROA % too high?
Southern Alliance Mining's current ROA % is -1.76%. Based on the distribution chart, Southern Alliance Mining ranks #543 out of 634 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Southern Alliance Mining has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Southern Alliance Mining's ROA % compare to NUE and STLD?
According to the Steel industry distribution chart, Southern Alliance Mining ranks #543 out of 634 companies for ROA %. This places Southern Alliance Mining in the lower half of its industry. The industry median ROA % is 2.01. 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 Steel company?
The median ROA % among Steel companies is 2.01, based on 634 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. 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 Southern Alliance Mining and its competitors. For the Steel industry, the median ROA % is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Southern Alliance Mining's current ROA % is -1.76%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Southern Alliance Mining stock overvalued right now?
Based on GuruFocus' analysis, Southern Alliance Mining (SGX:QNS) is currently considered Possible Value Trap. The stock's GF Value™ is S$0.84, compared to a current price of S$0.41 — trading 51.8% below its estimated fair value. The current ROA % is -1.76%. Southern Alliance Mining's overall GF Score™ is 46/100 with 3 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 Southern Alliance Mining (SGX:QNS), the current ROA % is -1.76% as of Jan. 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.
Is Southern Alliance Mining (SGX:QNS) Overvalued in 2026?
Based on GuruFocus' analysis, Southern Alliance Mining stock appears to be undervalued.
The current stock price of S$0.41 is trading 51.8% below its estimated GF Value™ of S$0.84.
GuruFocus considers Southern Alliance Mining to be Possible Value Trap.
Key valuation signals for SGX:QNS:
ROA %: -1.76%
GF Value™: S$0.84 vs. price of S$0.41 (51.8% below fair value)
No single metric tells the full story. See the SGX:QNS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Southern Alliance Mining Ltd is engaged in the exploration, mining, and processing of iron ore for subsequent sale. The principal activities of the company are those of investment holding and provision of management services. The company mines, produces, and sells iron ore, which includes processed iron ore concentrate typically sold to steel mills or traders, and crushed iron ore that is used as a pipe coating material. It mines at the Chaah mine, an open-pit mine located in the southwest of the township of Chaah.
46GF Score
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