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Zoy Home Furnishing Co (SHSE:603709) ROA % : -0.16% (As of Sep. 2024)


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What is Zoy Home Furnishing Co ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Zoy Home Furnishing Co's annualized Net Income for the quarter that ended in Sep. 2024 was ¥-2 Mil. Zoy Home Furnishing Co's average Total Assets over the quarter that ended in Sep. 2024 was ¥1,446 Mil. Therefore, Zoy Home Furnishing Co's annualized ROA % for the quarter that ended in Sep. 2024 was -0.16%.

The historical rank and industry rank for Zoy Home Furnishing Co's ROA % or its related term are showing as below:

SHSE:603709' s ROA % Range Over the Past 10 Years
Min: -3.92   Med: 8.05   Max: 26.55
Current: -0.46

During the past 11 years, Zoy Home Furnishing Co's highest ROA % was 26.55%. The lowest was -3.92%. And the median was 8.05%.

SHSE:603709's ROA % is ranked worse than
71.76% of 432 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 2.95 vs SHSE:603709: -0.46

Zoy Home Furnishing Co ROA % Historical Data

The historical data trend for Zoy Home Furnishing 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.

Zoy Home Furnishing Co ROA % Chart

Zoy Home Furnishing 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 3.45 3.95 -1.45 -3.92 1.73

Zoy Home Furnishing 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 4.06 -2.70 1.78 -0.85 -0.16

Competitive Comparison of Zoy Home Furnishing Co's ROA %

For the Furnishings, Fixtures & Appliances subindustry, Zoy Home Furnishing 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.


Zoy Home Furnishing Co's ROA % Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Zoy Home Furnishing Co's ROA % distribution charts can be found below:

* The bar in red indicates where Zoy Home Furnishing Co's ROA % falls into.



Zoy Home Furnishing Co ROA % Calculation

Zoy Home Furnishing 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 )
=21.36/( (1109.839+1359.58)/ 2 )
=21.36/1234.7095
=1.73 %

Zoy Home Furnishing 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 )
=-2.364/( (1452.389+1439.817)/ 2 )
=-2.364/1446.103
=-0.16 %

* 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.


Zoy Home Furnishing Co  (SHSE:603709) 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
=-2.364/1446.103
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.364 / 1651.12)*(1651.12 / 1446.103)
=Net Margin %*Asset Turnover
=-0.14 %*1.1418
=-0.16 %

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.


Zoy Home Furnishing Co ROA % Related Terms

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Zoy Home Furnishing Co Business Description

Traded in Other Exchanges
N/A
Address
Tangpu Industrial Park, Anji County, Zhejiang Province, Huzhou, CHN, 313300
Zoy Home Furnishing Co Ltd manufactures and markets furniture. The Company designs, produces, and sells ordinary and ergonomic sofas, and other related products. The company's products mainly include functional sofas, fixed sofas and single lounge chairs and others, such as manual function sofa, electric function sofa, armrest push back sofas, elderly chairs, household and commercial sofas and household and commercial single leisure chairs.
Executives
Zhu Zhou Ting Supervisors
Zhu Huang Qiang Directors, senior managers
Cao Yong Directors, senior managers
Zhang Yun Directors, senior managers

Zoy Home Furnishing Co Headlines

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