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SLTQY (SNGN Romgaz) ROA % : 12.52% (As of Sep. 2023)


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What is SNGN Romgaz ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. SNGN Romgaz's annualized Net Income for the quarter that ended in Sep. 2023 was $422 Mil. SNGN Romgaz's average Total Assets over the quarter that ended in Sep. 2023 was $3,373 Mil. Therefore, SNGN Romgaz's annualized ROA % for the quarter that ended in Sep. 2023 was 12.52%.

The historical rank and industry rank for SNGN Romgaz's ROA % or its related term are showing as below:

SLTQY's ROA % is not ranked *
in the Oil & Gas industry.
Industry Median: 2.45
* Ranked among companies with meaningful ROA % only.

SNGN Romgaz ROA % Historical Data

The historical data trend for SNGN Romgaz'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.

SNGN Romgaz ROA % Chart

SNGN Romgaz Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.63 12.53 14.25 18.63 19.88

SNGN Romgaz Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 14.33 8.82 25.69 18.14 12.52

Competitive Comparison of SNGN Romgaz's ROA %

For the Oil & Gas E&P subindustry, SNGN Romgaz'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.


SNGN Romgaz's ROA % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, SNGN Romgaz's ROA % distribution charts can be found below:

* The bar in red indicates where SNGN Romgaz's ROA % falls into.



SNGN Romgaz ROA % Calculation

SNGN Romgaz's annualized ROA % for the fiscal year that ended in Dec. 2022 is calculated as:

ROA %=Net Income (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=556.744/( (2468.79+3132.299)/ 2 )
=556.744/2800.5445
=19.88 %

SNGN Romgaz's annualized ROA % for the quarter that ended in Sep. 2023 is calculated as:

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=422.404/( (3430.431+3316.289)/ 2 )
=422.404/3373.36
=12.52 %

* 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. 2023) net income data. ROA % is displayed in the 30-year financial page.


SNGN Romgaz  (OTCPK:SLTQY) 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. 2023 )
=Net Income/Total Assets
=422.404/3373.36
=(Net Income / Revenue)*(Revenue / Total Assets)
=(422.404 / 1672.784)*(1672.784 / 3373.36)
=Net Margin %*Asset Turnover
=25.25 %*0.4959
=12.52 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) 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.


SNGN Romgaz ROA % Related Terms

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SNGN Romgaz Business Description

Traded in Other Exchanges
Address
4 Constantin I. Motas Square, Sibiu County, Medias, ROU, 551130
SNGN Romgaz SA is Romania's largest natural gas producer and supplier, operating in 8 onshore exploration blocks. The company has upstream, storage, and electricity production segments, as well as other activities. Romgaz engages in various activities, including upstream operations like exploring natural gas reserves, producing and trading gas extracted from domestic or imported sources for resale. These activities are carried out by the head office, Media? and Mure? branches, and subsidiary Romgaz Black Sea Limited. Depogaz, a subsidiary of Romgaz, is responsible for storage activities. Iernut branch is involved in electricity production and distribution activities. Additionally, Romgaz performs other activities such as technological transport, operations on wells, and corporate.