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Zhejiang Orient Financial Holdings Group Co (SHSE:600120) ROA % : 2.70% (As of Sep. 2024)


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What is Zhejiang Orient Financial Holdings Group Co ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Zhejiang Orient Financial Holdings Group Co's annualized Net Income for the quarter that ended in Sep. 2024 was ¥1,162 Mil. Zhejiang Orient Financial Holdings Group Co's average Total Assets over the quarter that ended in Sep. 2024 was ¥43,115 Mil. Therefore, Zhejiang Orient Financial Holdings Group Co's annualized ROA % for the quarter that ended in Sep. 2024 was 2.70%.

The historical rank and industry rank for Zhejiang Orient Financial Holdings Group Co's ROA % or its related term are showing as below:

SHSE:600120' s ROA % Range Over the Past 10 Years
Min: 1.19   Med: 3.87   Max: 5.55
Current: 1.19

During the past 13 years, Zhejiang Orient Financial Holdings Group Co's highest ROA % was 5.55%. The lowest was 1.19%. And the median was 3.87%.

SHSE:600120's ROA % is ranked worse than
68.52% of 1693 companies
in the Asset Management industry
Industry Median: 4.17 vs SHSE:600120: 1.19

Zhejiang Orient Financial Holdings Group Co ROA % Historical Data

The historical data trend for Zhejiang Orient Financial Holdings Group Co'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.

Zhejiang Orient Financial Holdings Group Co ROA % Chart

Zhejiang Orient Financial Holdings Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.99 3.72 2.34 2.86 1.27

Zhejiang Orient Financial Holdings Group Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 0.71 0.43 0.81 2.70

Competitive Comparison of Zhejiang Orient Financial Holdings Group Co's ROA %

For the Asset Management subindustry, Zhejiang Orient Financial Holdings Group Co'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.


Zhejiang Orient Financial Holdings Group Co's ROA % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Zhejiang Orient Financial Holdings Group Co's ROA % distribution charts can be found below:

* The bar in red indicates where Zhejiang Orient Financial Holdings Group Co's ROA % falls into.



Zhejiang Orient Financial Holdings Group Co ROA % Calculation

Zhejiang Orient Financial Holdings Group Co'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 )
=484.977/( (36927.225+39605.453)/ 2 )
=484.977/38266.339
=1.27 %

Zhejiang Orient Financial Holdings Group Co'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 )
=1162.436/( (41554.083+44676.181)/ 2 )
=1162.436/43115.132
=2.70 %

* 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.


Zhejiang Orient Financial Holdings Group Co  (SHSE:600120) 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
=1162.436/43115.132
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1162.436 / 8679.216)*(8679.216 / 43115.132)
=Net Margin %*Asset Turnover
=13.39 %*0.2013
=2.70 %

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.


Zhejiang Orient Financial Holdings Group Co ROA % Related Terms

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Zhejiang Orient Financial Holdings Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 12 Xihu Avenue, Zhejiang Province, Hangzhou, CHN, 310009
Zhejiang Orient Financial Holdings Group Co Ltd is a China-based comprehensive enterprise group, integrating commercial circulation, financial investment, and real estate development activities. Its business scope covers textile, garment import and export, bulk stock trade of steel and coal, warehousing and logistics, real estate development, financial leasing and asset management.
Executives
Zhao Mao Wen senior management
Lin Ping Director
Qiu Gao Yao senior management
Cui Fei Supervisors
Hong Xue Chun Director
He Wei Hong Director
Gao Kang Director
Shi Qi Xin senior management

Zhejiang Orient Financial Holdings Group Co Headlines

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