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Reko International Group (TSXV:REKO) ROA % : 0.62% (As of Oct. 2024)


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What is Reko International Group ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Reko International Group's annualized Net Income for the quarter that ended in Oct. 2024 was C$0.35 Mil. Reko International Group's average Total Assets over the quarter that ended in Oct. 2024 was C$56.70 Mil. Therefore, Reko International Group's annualized ROA % for the quarter that ended in Oct. 2024 was 0.62%.

The historical rank and industry rank for Reko International Group's ROA % or its related term are showing as below:

TSXV:REKO' s ROA % Range Over the Past 10 Years
Min: -6.88   Med: 2.9   Max: 13
Current: -6.88

During the past 13 years, Reko International Group's highest ROA % was 13.00%. The lowest was -6.88%. And the median was 2.90%.

TSXV:REKO's ROA % is ranked worse than
87.49% of 3013 companies
in the Industrial Products industry
Industry Median: 3.31 vs TSXV:REKO: -6.88

Reko International Group ROA % Historical Data

The historical data trend for Reko International Group'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.

Reko International Group ROA % Chart

Reko International Group Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 1.40 3.28 2.04 -6.56

Reko International Group Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 1.96 0.65 -5.57 -23.80 0.62

Competitive Comparison of Reko International Group's ROA %

For the Specialty Industrial Machinery subindustry, Reko International Group'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.


Reko International Group's ROA % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Reko International Group's ROA % distribution charts can be found below:

* The bar in red indicates where Reko International Group's ROA % falls into.



Reko International Group ROA % Calculation

Reko International Group's annualized ROA % for the fiscal year that ended in Jul. 2024 is calculated as:

ROA %=Net Income (A: Jul. 2024 )/( (Total Assets (A: Jul. 2023 )+Total Assets (A: Jul. 2024 ))/ count )
=-3.894/( (62.788+55.958)/ 2 )
=-3.894/59.373
=-6.56 %

Reko International Group's annualized ROA % for the quarter that ended in Oct. 2024 is calculated as:

ROA %=Net Income (Q: Oct. 2024 )/( (Total Assets (Q: Jul. 2024 )+Total Assets (Q: Oct. 2024 ))/ count )
=0.352/( (55.958+57.438)/ 2 )
=0.352/56.698
=0.62 %

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


Reko International Group  (TSXV:REKO) 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: Oct. 2024 )
=Net Income/Total Assets
=0.352/56.698
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.352 / 40.952)*(40.952 / 56.698)
=Net Margin %*Asset Turnover
=0.86 %*0.7223
=0.62 %

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


Reko International Group ROA % Related Terms

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Reko International Group Business Description

Traded in Other Exchanges
N/A
Address
469 Silver Creek Industrial Drive, Lakeshore, ON, CAN, N8N 4W2
Reko International Group Inc is a Canada-based company engaged in the activities of robotic factory automation solutions, precision machining of large, critical parts, and plastic injection, and low compression acoustic tooling. The business divisions of the group are Automation, design and build, Tool and mold manufacturing, and Precision Machining. It supplies factory automation services in Canada. The company also provides machining, tooling, and engineering services. Precision machining relates to precision, custom machining of castings, and assemblies. Its geographical segments include Canada, which is the key revenue driver; and the United States.
Executives
Lauren Beaudoin Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Roy Verstraete Roy Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christine Marie Ferrari Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
John Sartz Director
Caterina Longo Senior Officer
Ernest Anthony Stajduhar Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Paul Rauch Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Mark Allan Read Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Gennaro Pignanelli Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Andrew Szonyi Director
Reko International Group Inc. Issuer

Reko International Group Headlines

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