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Hagihara Industries (TSE:7856) ROA % : 5.08% (As of Apr. 2024)


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What is Hagihara Industries ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Hagihara Industries's annualized Net Income for the quarter that ended in Apr. 2024 was 円2,155 Mil. Hagihara Industries's average Total Assets over the quarter that ended in Apr. 2024 was 円42,417 Mil. Therefore, Hagihara Industries's annualized ROA % for the quarter that ended in Apr. 2024 was 5.08%.

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

TSE:7856' s ROA % Range Over the Past 10 Years
Min: 2.58   Med: 6.19   Max: 7.71
Current: 4.35

During the past 13 years, Hagihara Industries's highest ROA % was 7.71%. The lowest was 2.58%. And the median was 6.19%.

TSE:7856's ROA % is ranked better than
67.57% of 1070 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.06 vs TSE:7856: 4.35

Hagihara Industries ROA % Historical Data

The historical data trend for Hagihara Industries'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.

Hagihara Industries ROA % Chart

Hagihara Industries Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.26 5.79 4.79 2.58 7.71

Hagihara Industries Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 4.95 6.01 2.35 3.98 5.08

Competitive Comparison of Hagihara Industries's ROA %

For the Textile Manufacturing subindustry, Hagihara Industries'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.


Hagihara Industries's ROA % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Hagihara Industries's ROA % distribution charts can be found below:

* The bar in red indicates where Hagihara Industries's ROA % falls into.



Hagihara Industries ROA % Calculation

Hagihara Industries's annualized ROA % for the fiscal year that ended in Oct. 2023 is calculated as:

ROA %=Net Income (A: Oct. 2023 )/( (Total Assets (A: Oct. 2022 )+Total Assets (A: Oct. 2023 ))/ count )
=3118.16/( (38447.078+42432.902)/ 2 )
=3118.16/40439.99
=7.71 %

Hagihara Industries's annualized ROA % for the quarter that ended in Apr. 2024 is calculated as:

ROA %=Net Income (Q: Apr. 2024 )/( (Total Assets (Q: Jan. 2024 )+Total Assets (Q: Apr. 2024 ))/ count )
=2155.464/( (42206.855+42628.001)/ 2 )
=2155.464/42417.428
=5.08 %

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


Hagihara Industries  (TSE:7856) 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: Apr. 2024 )
=Net Income/Total Assets
=2155.464/42417.428
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2155.464 / 33050.388)*(33050.388 / 42417.428)
=Net Margin %*Asset Turnover
=6.52 %*0.7792
=5.08 %

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


Hagihara Industries ROA % Related Terms

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Hagihara Industries Business Description

Traded in Other Exchanges
N/A
Address
1-4 Mizushima Nakadori, Kurashiki-Shi, Okayama, JPN, 712-8502
Hagihara Industries Inc is a Japan-based company mainly engaged in the production and sale of industrial machinery. It manufactures machinery and equipment for converting, highly-functional film, synthetic fiber, fiber and yarn, and plastic industries. The company has business operations in Japan and overseas markets.

Hagihara Industries Headlines

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