ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Threes Company Media Group Co's annualizedNet Income for the quarter that ended in Mar. 2024 was ¥195 Mil.
Threes Company Media Group Co's average Total Assets over the quarter that ended in Mar. 2024 was ¥4,764 Mil. Therefore, Threes Company Media Group Co's annualized ROA % for the quarter that ended in Mar. 2024 was 4.09%.
The historical rank and industry rank for Threes Company Media Group Co's ROA % or its related term are showing as below:
SHSE:605168'
s ROA % Range Over the Past 10 Years
Min: 8.97 Med: 19.45 Max: 37.79
Current: 8.97
During the past 11 years, Threes Company Media Group Co's highest ROA % was 37.79%. The lowest was 8.97%. And the median was 19.45%.
SHSE:605168's ROA % is ranked better than 87.77% of 1055
companies
in the Media - Diversified industry
Industry Median: 0.85
vs SHSE:605168: 8.97
Threes Company Media Group Co 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 Threes Company Media Group Co's ROA %
For the Advertising Agencies subindustry, Threes Company Media 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.
Threes Company Media Group Co's ROA % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Threes Company Media Group Co's ROA % distribution charts can be found below:
* The bar in red indicates where Threes Company Media Group Co'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. 2024) net income data.
ROA % is displayed in the 30-year financial page.
Threes Company Media Group Co (SHSE:605168) 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. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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.
Threes Company Media Group Co ROA % Related Terms
Thank you for viewing the detailed overview of Threes Company Media Group Co's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Threes Company Media Group Co (SHSE:605168) Business Description
Threes Company Media Group Co Ltd is a one-stop campus integrated marketing and professional digital marketing service provider. The company is engaged in digital marketing services, scene activity services and campus media marketing services. Its services include campus integration marketing, public relations event planning, and case-based digital marketing. System, service content covers campus marketing and promotion, campus event planning, brand strategy, Internet communication strategy, media strategy, creative services, technical services, media procurement, social marketing and many other aspects.
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