ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Westshore Terminals Investment's annualizedNet Income for the quarter that ended in Dec. 2023 was C$89.1 Mil.
Westshore Terminals Investment's average Total Assets over the quarter that ended in Dec. 2023 was C$1,373.5 Mil. Therefore, Westshore Terminals Investment's annualized ROA % for the quarter that ended in Dec. 2023 was 6.49%.
The historical rank and industry rank for Westshore Terminals Investment's ROA % or its related term are showing as below:
TSX:WTE'
s ROA % Range Over the Past 10 Years
Min: 5.23 Med: 10.91 Max: 21.59
Current: 8.89
During the past 13 years, Westshore Terminals Investment's highest ROA % was 21.59%. The lowest was 5.23%. And the median was 10.91%.
TSX:WTE's ROA % is ranked better than 83.11% of 977
companies
in the Transportation industry
Industry Median: 3.61
vs TSX:WTE: 8.89
Westshore Terminals Investment ROA % Historical 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.
Competitive Comparison of Westshore Terminals Investment's ROA %
For the Marine Shipping subindustry, Westshore Terminals Investment'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.
Westshore Terminals Investment's ROA % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Westshore Terminals Investment's ROA % distribution charts can be found below:
* The bar in red indicates where Westshore Terminals Investment'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. 2023) net income data.
ROA % is displayed in the 30-year financial page.
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. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) 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.
Westshore Terminals Investment ROA % Related Terms
Thank you for viewing the detailed overview of Westshore Terminals Investment's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Westshore Terminals Investment (TSX:WTE) Business Description
Westshore Terminals Investment Corporation is a Canada-based company, which owns the Westshore Terminals Limited Partnership. The company operates a coal storage and loading terminal at Roberts Bank, British Columbia, and revenue is derived from rates charged for loading coal onto seagoing vessels. The company services coal from mines in British Columbia, Alberta, and the northwestern United States. The coal is delivered to the terminal in unit trains and then unloaded and transferred onto a ship. It is then shipped to multiple countries across the world, with the majority headed to Japan, Korea and China.
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