ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Swiss Helvetia Fund's annualizedNet Income for the quarter that ended in Dec. 2023 was $8.07 Mil.
Swiss Helvetia Fund's average Total Assets over the quarter that ended in Dec. 2023 was $127.57 Mil. Therefore, Swiss Helvetia Fund's annualized ROA % for the quarter that ended in Dec. 2023 was 6.33%.
The historical rank and industry rank for Swiss Helvetia Fund's ROA % or its related term are showing as below:
SWZ'
s ROA % Range Over the Past 10 Years
Min: -20.39 Med: 14.8 Max: 21.39
Current: 15.2
During the past 7 years, Swiss Helvetia Fund's highest ROA % was 21.39%. The lowest was -20.39%. And the median was 14.80%.
SWZ's ROA % is ranked better than 89.34% of 1717
companies
in the Asset Management industry
Industry Median: 2.63
vs SWZ: 15.20
Swiss Helvetia Fund ROA % Historical Data
The historical data trend for Swiss Helvetia Fund'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.
Competitive Comparison of Swiss Helvetia Fund's ROA %
For the Asset Management subindustry, Swiss Helvetia Fund'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.
Swiss Helvetia Fund's ROA % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Swiss Helvetia Fund's ROA % distribution charts can be found below:
* The bar in red indicates where Swiss Helvetia Fund's ROA % falls into.
Swiss Helvetia Fund ROA % Calculation
Swiss Helvetia Fund's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:
* 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 (Dec. 2023) net income data.
ROA % is displayed in the 30-year financial page.
Swiss Helvetia Fund (NYSE:SWZ) 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 two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.
Swiss Helvetia Fund ROA % Related Terms
Thank you for viewing the detailed overview of Swiss Helvetia Fund's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Swiss Helvetia Fund (Swiss Helvetia Fund) Business Description
Swiss Helvetia Fund Inc is a non-diversified, closed-end investment company. Its investment objective is to seek long-term capital appreciation through investment in equity and equity-linked securities of Swiss companies. The group invests in various sectors such as pharmaceuticals, food and beverage, industrial goods and services, banks, personal and household goods, construction and materials, biotechnology, medical equipment, chemicals, technology, financial services, insurance, and retail.
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