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Shinwa Wise Holdings Co (TSE:2437) ROA % : 0.00% (As of Nov. 2024)


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What is Shinwa Wise Holdings Co ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Shinwa Wise Holdings Co's annualized Net Income for the quarter that ended in Nov. 2024 was 円0 Mil. Shinwa Wise Holdings Co's average Total Assets over the quarter that ended in Nov. 2024 was 円4,074 Mil. Therefore, Shinwa Wise Holdings Co's annualized ROA % for the quarter that ended in Nov. 2024 was 0.00%.

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

TSE:2437' s ROA % Range Over the Past 10 Years
Min: -23.5   Med: 0.64   Max: 6.68
Current: -23.5

During the past 13 years, Shinwa Wise Holdings Co's highest ROA % was 6.68%. The lowest was -23.50%. And the median was 0.64%.

TSE:2437's ROA % is ranked worse than
88.79% of 107 companies
in the Personal Services industry
Industry Median: 2.56 vs TSE:2437: -23.50

Shinwa Wise Holdings Co ROA % Historical Data

The historical data trend for Shinwa Wise Holdings 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.

Shinwa Wise Holdings Co ROA % Chart

Shinwa Wise Holdings Co Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.82 0.74 3.91 6.68 -21.95

Shinwa Wise Holdings Co Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Nov24
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 -15.50 4.96 -17.49 -65.27 -

Competitive Comparison of Shinwa Wise Holdings Co's ROA %

For the Personal Services subindustry, Shinwa Wise Holdings 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.


Shinwa Wise Holdings Co's ROA % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Shinwa Wise Holdings Co's ROA % distribution charts can be found below:

* The bar in red indicates where Shinwa Wise Holdings Co's ROA % falls into.



Shinwa Wise Holdings Co ROA % Calculation

Shinwa Wise Holdings Co's annualized ROA % for the fiscal year that ended in May. 2024 is calculated as:

ROA %=Net Income (A: May. 2024 )/( (Total Assets (A: May. 2023 )+Total Assets (A: May. 2024 ))/ count )
=-1010.51/( (4969.798+4238.78)/ 2 )
=-1010.51/4604.289
=-21.95 %

Shinwa Wise Holdings Co's annualized ROA % for the quarter that ended in Nov. 2024 is calculated as:

ROA %=Net Income (Q: Nov. 2024 )/( (Total Assets (Q: May. 2024 )+Total Assets (Q: Nov. 2024 ))/ count )
=0/( (4238.78+3908.347)/ 2 )
=0/4073.5635
=0.00 %

* 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 (Nov. 2024) net income data. ROA % is displayed in the 30-year financial page.


Shinwa Wise Holdings Co  (TSE:2437) 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: Nov. 2024 )
=Net Income/Total Assets
=0/4073.5635
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0 / 0)*(0 / 4073.5635)
=Net Margin %*Asset Turnover
=N/A %*0
=0.00 %

Note: The Net Income data used here is four times the quarterly (Nov. 2024) net income data. The Revenue data used here is four times the quarterly (Nov. 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.


Shinwa Wise Holdings Co ROA % Related Terms

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Shinwa Wise Holdings Co Business Description

Traded in Other Exchanges
N/A
Address
7-4-12 Ginza, Chuo-ku, Ginza Medical Building, Tokyo, JPN, 104-0061
Shinwa Wise Holdings Co Ltd is engaged in arranging & operating auctions and buying and selling antiques, consignment selling, export-import activities. Its auctions include the modern art auction, modern ceramics, auction, modern art PartII auction, other auctions such as post-war and contemporary art, wine, European decorative art.

Shinwa Wise Holdings Co Headlines

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