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Valiant Co (SZSE:002643) ROA % : 3.04% (As of Sep. 2024)


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What is Valiant Co ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Valiant Co's annualized Net Income for the quarter that ended in Sep. 2024 was ¥323 Mil. Valiant Co's average Total Assets over the quarter that ended in Sep. 2024 was ¥10,601 Mil. Therefore, Valiant Co's annualized ROA % for the quarter that ended in Sep. 2024 was 3.04%.

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

SZSE:002643' s ROA % Range Over the Past 10 Years
Min: 4.67   Med: 8.65   Max: 11.17
Current: 4.67

During the past 13 years, Valiant Co's highest ROA % was 11.17%. The lowest was 4.67%. And the median was 8.65%.

SZSE:002643's ROA % is ranked better than
64.51% of 1558 companies
in the Chemicals industry
Industry Median: 2.85 vs SZSE:002643: 4.67

Valiant Co ROA % Historical Data

The historical data trend for Valiant 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.

Valiant Co ROA % Chart

Valiant 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 9.17 8.01 8.60 8.42 7.87

Valiant 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 7.49 7.43 3.83 4.48 3.04

Competitive Comparison of Valiant Co's ROA %

For the Chemicals subindustry, Valiant 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.


Valiant Co's ROA % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Valiant Co's ROA % distribution charts can be found below:

* The bar in red indicates where Valiant Co's ROA % falls into.



Valiant Co ROA % Calculation

Valiant 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 )
=763.012/( (9265.834+10134.723)/ 2 )
=763.012/9700.2785
=7.87 %

Valiant 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 )
=322.756/( (10515.687+10686.532)/ 2 )
=322.756/10601.1095
=3.04 %

* 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.


Valiant Co  (SZSE:002643) 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
=322.756/10601.1095
=(Net Income / Revenue)*(Revenue / Total Assets)
=(322.756 / 3225.148)*(3225.148 / 10601.1095)
=Net Margin %*Asset Turnover
=10.01 %*0.3042
=3.04 %

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.


Valiant Co ROA % Related Terms

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Valiant Co Business Description

Traded in Other Exchanges
N/A
Address
No. 11, Wuzhishan Road, Economic and Technological Development Zone, Shandong Province, Yantai, CHN, 264006
Valiant Co Ltd is a China-based company principally engaged in the research, development, manufacture and sale of electronic information materials, environmental protection materials and health-care materials. The company's main products include liquid crystal, monomer, organic light emitting diode materials, APIs, intermediates and other chemicals. Geographically the activities are carried out through China.
Executives
Wang Ji Hua Executives
Wang Huan Jie Directors, executives
Leng Qian Director
Wang Zhong Li Directors, executives
Zhao Feng Qi Director
Gao Bin Executives
Hu Bao Hua Executives
Zhang Peng Supervisors
Zuo Zhuo Independent director
Hu Tian Xiao Supervisors
Xiao Yong Qiang Executives
Dai Xiu Yun Executives
Dong Zhi Zhong Supervisors

Valiant Co Headlines

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