ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Fabryki Mebli Forte's annualizedNet Income for the quarter that ended in Dec. 2023 was zł3.2 Mil.
Fabryki Mebli Forte's average Total Assets over the quarter that ended in Dec. 2023 was zł1,420.3 Mil. Therefore, Fabryki Mebli Forte's annualized ROA % for the quarter that ended in Dec. 2023 was 0.23%.
The historical rank and industry rank for Fabryki Mebli Forte's ROA % or its related term are showing as below:
WAR:FTE'
s ROA % Range Over the Past 10 Years
Min: -4.76 Med: 8.45 Max: 12.6
Current: -4.76
During the past 13 years, Fabryki Mebli Forte's highest ROA % was 12.60%. The lowest was -4.76%. And the median was 8.45%.
WAR:FTE's ROA % is ranked worse than 85.38% of 424
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 3.17
vs WAR:FTE: -4.76
Fabryki Mebli Forte ROA % Historical Data
The historical data trend for Fabryki Mebli Forte'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.
Competitive Comparison of Fabryki Mebli Forte's ROA %
For the Furnishings, Fixtures & Appliances subindustry, Fabryki Mebli Forte'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.
Fabryki Mebli Forte's ROA % Distribution in the Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Fabryki Mebli Forte's ROA % distribution charts can be found below:
* The bar in red indicates where Fabryki Mebli Forte's ROA % falls into.
Fabryki Mebli Forte ROA % Calculation
Fabryki Mebli Forte's annualized ROA % for the fiscal year that ended in Dec. 2021 is calculated as:
* 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.
Fabryki Mebli Forte (WAR:FTE) 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 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.
Fabryki Mebli Forte ROA % Related Terms
Thank you for viewing the detailed overview of Fabryki Mebli Forte's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Fabryki Mebli Forte (WAR:FTE) Business Description
Fabryki Mebli Forte SA is a manufacturer of furniture for self-assembly with a specialization in home, office, and kitchen furniture. Its product offerings include furniture systems for the lounge, dining room, bedroom, living room, sitting room, study, and children's room, as well as wall units, ready-made cabinets that can be put together in different arrangements, as well as customized kitchen projects. It has state-of-the-art manufacturing plants located in Ostrow Mazowiecka, Suwalki, Bialystok, and Hajnowka.
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