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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. ZEAL Associate's annualizedNet Income for the quarter that ended in Feb. 2026 was 円65 Mil.
ZEAL Associate's average Total Assets over the quarter that ended in Feb. 2026 was 円1,681 Mil. Therefore, ZEAL Associate's annualized ROA % for the quarter that ended in Feb. 2026 was 3.86%.
The historical rank and industry rank for ZEAL Associate's ROA % or its related term are showing as below:
TSE:329A'
s ROA % Range Over the Past 10 Years
Min: 1.39 Med: 2.8 Max: 4.65
Current: 4.65
During the past 3 years, ZEAL Associate's highest ROA % was 4.65%. The lowest was 1.39%. And the median was 2.80%.
TSE:329A's ROA % is not ranked
in the Conglomerates industry.
Industry Median: 2.545
vs TSE:329A: 4.65
ZEAL Associate (TSE:329A) 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 (Feb. 2026) net income data. The Revenue data used here is two times the semi-annual (Feb. 2026) 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.
ZEAL Associate ROA % Related Terms
ZEAL Associate ROA % Historical Data
* Premium members only.
The historical data trend for ZEAL Associate'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.
ZEAL Associate ROA % Chart
ZEAL Associate Annual Data
Trend
Aug23
Aug24
Aug25
ROA %
1.39
2.80
3.34
ZEAL Associate Semi-Annual Data
Aug23
Aug24
Feb25
Aug25
Feb26
ROA %
0.00
0.00
1.92
5.42
3.86
TSE:329A vs HON, MMM: ROA % Comparison
For the Conglomerates subindustry, ZEAL Associate'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.
ZEAL Associate ROA % vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, ZEAL Associate's ROA % distribution charts can be found below:
* The bar in red indicates where ZEAL Associate'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 two times the semi-annual (Feb. 2026) net income data.
ROA % is displayed in the 30-year financial page.
ZEAL Associate (TSE:329A) has a ROA % of 3.86% as of Feb. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on ZEAL Associate and its competitors. This is 38% above median its historical median of 2.80. Over the past decade, ZEAL Associate's ROA % has ranged from 1.39 to 4.65.
Is ZEAL Associate's ROA % too high?
ZEAL Associate's current ROA % of 3.86% is 38% above median its 10-year median of 2.80. Over the past 10 years, this metric has ranged from a low of 1.39 to a high of 4.65. The Conglomerates industry median ROA % is 2.55. ZEAL Associate's value of 3.86% is 51.7% above this industry median. Overall, ZEAL Associate has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does ZEAL Associate's ROA % compare to HON and MMM?
ZEAL Associate's ROA % of 3.86% can be compared against companies in the Conglomerates industry. The industry median ROA % is 2.55. ZEAL Associate's value of 3.86% is 51.7% above this benchmark. Historically, ZEAL Associate's own ROA % has ranged from 1.39 to 4.65 over the past decade. While the company's 10-year median is 2.80 vs. the industry median of 2.55, ZEAL Associate has consistently been above the industry average. 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 Conglomerates company?
The median ROA % among Conglomerates companies is 2.55, based on 568 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. ZEAL Associate's current ROA % of 3.86% is 51.7% 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 ZEAL Associate and its competitors. For the Conglomerates industry, the median ROA % is 2.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZEAL Associate's current ROA % is 3.86%, which is 38% above median its own 10-year median of 2.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Associate stock overvalued right now?
ZEAL Associate (TSE:329A) has a current ROA % of 3.86%. The current ROA % is 3.86%, which is 38% above median its 10-year median of 2.80 and 51.7% above the Conglomerates industry median of 2.55. ZEAL Associate's overall GF Score™ is 16/100 with 3 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 ZEAL Associate (TSE:329A), the current ROA % is 3.86% as of Feb. 2026. 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.
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