Financial 15 SplitTSX:FTN +0.50%35 ROA % is 38.87% as of Nov. 2025, which is 222% above its 10-year median of 12.08. GuruFocus rates TSX:FTN with a GF Score™ of 35/100. The stock has 6 warning signs investors should review. Among 1,635 Asset Management companies, Financial 15 Split ranks better than 90.15% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Financial 15 Split's annualizedNet Income for the quarter that ended in Nov. 2025 was C$530.9 Mil.
Financial 15 Split's average Total Assets over the quarter that ended in Nov. 2025 was C$1,366.1 Mil. Therefore, Financial 15 Split's annualized ROA % for the quarter that ended in Nov. 2025 was 38.87%.
The historical rank and industry rank for Financial 15 Split's ROA % or its related term are showing as below:
TSX:FTN'
s ROA % Range Over the Past 10 Years
Min: -13.75 Med: 12.08 Max: 35.69
Current: 21.11
During the past 13 years, Financial 15 Split's highest ROA % was 35.69%. The lowest was -13.75%. And the median was 12.08%.
TSX:FTN's ROA % is ranked better than 90.15% of 1635
companies
in the Asset Management industry
Industry Median: 3.97
vs TSX:FTN: 21.11
Financial 15 Split (TSX:FTN) 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 (Nov. 2025) net income data. The Revenue data used here is two times the semi-annual (Nov. 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.
Financial 15 Split ROA % Related Terms
Financial 15 Split ROA % Historical Data
* Premium members only.
The historical data trend for Financial 15 Split'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 Asset Management subindustry, Financial 15 Split'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.
Financial 15 Split ROA % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Financial 15 Split's ROA % distribution charts can be found below:
* The bar in red indicates where Financial 15 Split'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 (Nov. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Financial 15 Split (TSX:FTN) has a ROA % of 38.87% as of Nov. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Financial 15 Split and its competitors. This is 222% above median its historical median of 12.08. According to the industry distribution chart, Financial 15 Split ranks #161 out of 1635 companies in the Asset Management industry, placing it in the top 9.8%.
Is Financial 15 Split's ROA % too high?
Financial 15 Split's current ROA % of 38.87% is 222% above median its 10-year median of 12.08. The Asset Management industry median ROA % is 3.97. Financial 15 Split's value of 38.87% is 879.1% above this industry median. Based on the distribution chart, Financial 15 Split ranks #161 out of 1635 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Financial 15 Split has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Financial 15 Split's ROA % compare to BLK and BX?
According to the Asset Management industry distribution chart, Financial 15 Split ranks #161 out of 1635 companies for ROA %. This places Financial 15 Split in the top 10% of its industry — outperforming the majority of peers. The industry median ROA % is 3.97. Financial 15 Split's value of 38.87% is 879.1% above this benchmark. While the company's 10-year median is 12.08 vs. the industry median of 3.97, Financial 15 Split 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 an Asset Management company?
The median ROA % among Asset Management companies is 3.97, based on 1,635 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. Financial 15 Split's current ROA % of 38.87% is 879.1% 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 Financial 15 Split and its competitors. For the Asset Management industry, the median ROA % is 3.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Financial 15 Split's current ROA % is 38.87%, which is 222% above median its own 10-year median of 12.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Financial 15 Split stock overvalued right now?
Financial 15 Split (TSX:FTN) has a current ROA % of 38.87%. The current ROA % is 38.87%, which is 222% above median its 10-year median of 12.08 and 879.1% above the Asset Management industry median of 3.97. Financial 15 Split's overall GF Score™ is 35/100 with 6 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 Financial 15 Split (TSX:FTN), the current ROA % is 38.87% as of Nov. 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.
Financial 15 Split Corp is a Canada-based mutual fund corporation. It is an independent investment management firm that is focused on the creation and management of enhanced yield products for retail investors. Its products consist of income financial trust, m-split corp, commerce split corp, and others.
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