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Zhejiang Weixing Intelligent Meter Stock Co (SZSE:002849) ROA % : 4.50% (As of Sep. 2024)


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What is Zhejiang Weixing Intelligent Meter Stock Co ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Zhejiang Weixing Intelligent Meter Stock Co's annualized Net Income for the quarter that ended in Sep. 2024 was ¥108 Mil. Zhejiang Weixing Intelligent Meter Stock Co's average Total Assets over the quarter that ended in Sep. 2024 was ¥2,401 Mil. Therefore, Zhejiang Weixing Intelligent Meter Stock Co's annualized ROA % for the quarter that ended in Sep. 2024 was 4.50%.

The historical rank and industry rank for Zhejiang Weixing Intelligent Meter Stock Co's ROA % or its related term are showing as below:

SZSE:002849' s ROA % Range Over the Past 10 Years
Min: 1.5   Med: 5.39   Max: 12.75
Current: 1.55

During the past 12 years, Zhejiang Weixing Intelligent Meter Stock Co's highest ROA % was 12.75%. The lowest was 1.50%. And the median was 5.39%.

SZSE:002849's ROA % is ranked worse than
64.67% of 3006 companies
in the Industrial Products industry
Industry Median: 3.34 vs SZSE:002849: 1.55

Zhejiang Weixing Intelligent Meter Stock Co ROA % Historical Data

The historical data trend for Zhejiang Weixing Intelligent Meter Stock 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.

Zhejiang Weixing Intelligent Meter Stock Co ROA % Chart

Zhejiang Weixing Intelligent Meter Stock 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 4.63 4.94 2.89 3.04 1.50

Zhejiang Weixing Intelligent Meter Stock 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 4.79 -4.86 4.59 2.07 4.50

Competitive Comparison of Zhejiang Weixing Intelligent Meter Stock Co's ROA %

For the Electrical Equipment & Parts subindustry, Zhejiang Weixing Intelligent Meter Stock 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.


Zhejiang Weixing Intelligent Meter Stock Co's ROA % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Zhejiang Weixing Intelligent Meter Stock Co's ROA % distribution charts can be found below:

* The bar in red indicates where Zhejiang Weixing Intelligent Meter Stock Co's ROA % falls into.


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Zhejiang Weixing Intelligent Meter Stock Co ROA % Calculation

Zhejiang Weixing Intelligent Meter Stock 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 )
=33.961/( (2161.506+2358.56)/ 2 )
=33.961/2260.033
=1.50 %

Zhejiang Weixing Intelligent Meter Stock 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 )
=107.924/( (2382.291+2418.747)/ 2 )
=107.924/2400.519
=4.50 %

* 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.


Zhejiang Weixing Intelligent Meter Stock Co  (SZSE:002849) 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
=107.924/2400.519
=(Net Income / Revenue)*(Revenue / Total Assets)
=(107.924 / 1210.04)*(1210.04 / 2400.519)
=Net Margin %*Asset Turnover
=8.92 %*0.5041
=4.50 %

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.


Zhejiang Weixing Intelligent Meter Stock Co ROA % Related Terms

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Zhejiang Weixing Intelligent Meter Stock Co Business Description

Traded in Other Exchanges
N/A
Address
No. 366-1, Xiangyun Road, Liangzhu Street, Building 1, Yuhang District, Zhejiang Province, Hangzhou, CHN, 310015
Zhejiang Weixing Intelligent Meter Stock Co Ltd is engaged in the research, development, production, and sales of intelligent gas information system platform, intelligent terminal and ultrasonic metering products. The company's products cover IC card smart terminals, RF-based and IoT-based smart metering terminals, a new generation of ultrasonic meters and "gas cloud" information management platform, from civil gas meters to industrial and commercial gas meters.
Executives
Huang Wen Qian Director
Zhang Yan Secretary, Director
Chen Zhi Yuan Executives
Gu Jin Song Executives
Li Zu Guang Executives
Fan Hui Qun Director
Yan Bing Wei Securities Affairs Representative
Ma Shan Bing Director
Zhao Yan Hua Supervisors

Zhejiang Weixing Intelligent Meter Stock Co Headlines

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