ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Carnival Industrial's annualizedNet Income for the quarter that ended in Dec. 2025 was NT$333.5 Mil.
Carnival Industrial's average Total Assets over the quarter that ended in Dec. 2025 was NT$2,823.6 Mil. Therefore, Carnival Industrial's annualized ROA % for the quarter that ended in Dec. 2025 was 11.81%.
The historical rank and industry rank for Carnival Industrial's ROA % or its related term are showing as below:
TPE:1417'
s ROA % Range Over the Past 10 Years
Min: -9.44 Med: -2.38 Max: 8.02
Current: 4.09
During the past 13 years, Carnival Industrial's highest ROA % was 8.02%. The lowest was -9.44%. And the median was -2.38%.
TPE:1417's ROA % is ranked better than 60.05% of 1129
companies
in the Retail - Cyclical industry
Industry Median: 2.73
vs TPE:1417: 4.09
Carnival Industrial (TPE:1417) 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 (Dec. 2025) net income data. The Revenue data used here is four times the quarterly (Dec. 2025) 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.
Carnival Industrial ROA % Related Terms
Carnival Industrial ROA % Historical Data
* Premium members only.
The historical data trend for Carnival Industrial'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.
For the Apparel Retail subindustry, Carnival Industrial'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.
Carnival Industrial ROA % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Carnival Industrial's ROA % distribution charts can be found below:
* The bar in red indicates where Carnival Industrial'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 (Dec. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Carnival Industrial (TPE:1417) has a ROA % of 11.81% as of Dec. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Carnival Industrial and its competitors. According to the industry distribution chart, Carnival Industrial ranks #451 out of 1129 companies in the Retail - Cyclical industry, placing it in the top 39.9%.
Is Carnival Industrial's ROA % too high?
Carnival Industrial's current ROA % is 11.81%. The Retail - Cyclical industry median ROA % is 2.73. Carnival Industrial's value of 11.81% is 332.6% above this industry median. Based on the distribution chart, Carnival Industrial ranks #451 out of 1129 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Carnival Industrial has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carnival Industrial's ROA % compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Carnival Industrial ranks #451 out of 1129 companies for ROA %. This puts Carnival Industrial in the upper half of its industry. The industry median ROA % is 2.73. Carnival Industrial's value of 11.81% is 332.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Retail - Cyclical company?
The median ROA % among Retail - Cyclical companies is 2.73, based on 1,129 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Carnival Industrial's current ROA % of 11.81% is 332.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Carnival Industrial and its competitors. For the Retail - Cyclical industry, the median ROA % is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Carnival Industrial's current ROA % is 11.81%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carnival Industrial stock overvalued right now?
Based on GuruFocus' analysis, Carnival Industrial (TPE:1417) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$3.65, compared to a current price of NT$8.35 — trading 128.8% above its estimated fair value. The current ROA % is 11.81% and 332.6% above the Retail - Cyclical industry median of 2.73. Carnival Industrial's overall GF Score™ is 57/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Carnival Industrial (TPE:1417), the current ROA % is 11.81% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Carnival Industrial (TPE:1417) Overvalued in 2026?
Based on GuruFocus' analysis, Carnival Industrial stock appears to be overvalued.
The current stock price of NT$8.35 is trading 128.8% above its estimated GF Value™ of NT$3.65.
GuruFocus considers Carnival Industrial to be Significantly Overvalued.
Key valuation signals for TPE:1417:
ROA %: 11.81%
GF Value™: NT$3.65 vs. price of NT$8.35 (128.8% above fair value)
Industry Position: 332.6% above the Retail - Cyclical median (#451 of 1129)
No single metric tells the full story. See the TPE:1417 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Carnival Industrial Corp is a Taiwan-based Apparel manufacturer. It manufactures and trades apparel and group uniforms, men's and women's garments, including trousers, pants, skirts, fancy dresses, jackets, and apparel accessories under the brand name CARNIVAL. The Group operates in a single line of business in apparel sales. The majority of its revenue comes from the Apparel sales department.
57GF Score
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