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PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) ROA % : 13.55% (As of Dec. 2023)


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What is PJSC Mining & Metallurgical Co Norilsk Nickel ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. PJSC Mining & Metallurgical Co Norilsk Nickel's annualized Net Income for the quarter that ended in Dec. 2023 was €2,901 Mil. PJSC Mining & Metallurgical Co Norilsk Nickel's average Total Assets over the quarter that ended in Dec. 2023 was €21,418 Mil. Therefore, PJSC Mining & Metallurgical Co Norilsk Nickel's annualized ROA % for the quarter that ended in Dec. 2023 was 13.55%.

The historical rank and industry rank for PJSC Mining & Metallurgical Co Norilsk Nickel's ROA % or its related term are showing as below:

WBO:MNOD' s ROA % Range Over the Past 10 Years
Min: 11.19   Med: 17.32   Max: 31.61
Current: 11.19

During the past 13 years, PJSC Mining & Metallurgical Co Norilsk Nickel's highest ROA % was 31.61%. The lowest was 11.19%. And the median was 17.32%.

WBO:MNOD's ROA % is ranked better than
95.94% of 2708 companies
in the Metals & Mining industry
Industry Median: -15.04 vs WBO:MNOD: 11.19

PJSC Mining & Metallurgical Co Norilsk Nickel ROA % Historical Data

The historical data trend for PJSC Mining & Metallurgical Co Norilsk Nickel'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.

PJSC Mining & Metallurgical Co Norilsk Nickel ROA % Chart

PJSC Mining & Metallurgical Co Norilsk Nickel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.65 15.75 30.62 22.85 9.51

PJSC Mining & Metallurgical Co Norilsk Nickel Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 23.98 37.85 3.30 6.50 13.55

Competitive Comparison of PJSC Mining & Metallurgical Co Norilsk Nickel's ROA %

For the Other Industrial Metals & Mining subindustry, PJSC Mining & Metallurgical Co Norilsk Nickel'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.


PJSC Mining & Metallurgical Co Norilsk Nickel's ROA % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, PJSC Mining & Metallurgical Co Norilsk Nickel's ROA % distribution charts can be found below:

* The bar in red indicates where PJSC Mining & Metallurgical Co Norilsk Nickel's ROA % falls into.



PJSC Mining & Metallurgical Co Norilsk Nickel ROA % Calculation

PJSC Mining & Metallurgical Co Norilsk Nickel's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=2186.128/( (24350.48+21622.86)/ 2 )
=2186.128/22986.67
=9.51 %

PJSC Mining & Metallurgical Co Norilsk Nickel's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=2901.388/( (21213.309+21622.86)/ 2 )
=2901.388/21418.0845
=13.55 %

* 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 (Dec. 2023) net income data. ROA % is displayed in the 30-year financial page.


PJSC Mining & Metallurgical Co Norilsk Nickel  (WBO:MNOD) 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: Dec. 2023 )
=Net Income/Total Assets
=2901.388/21418.0845
=(Net Income / Revenue)*(Revenue / Total Assets)
=(2901.388 / 13292.832)*(13292.832 / 21418.0845)
=Net Margin %*Asset Turnover
=21.83 %*0.6206
=13.55 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (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.


PJSC Mining & Metallurgical Co Norilsk Nickel ROA % Related Terms

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PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Business Description

Traded in Other Exchanges
Address
15, 1st Krasnogvardeysky Drive, Moscow, RUS, 123100
PJSC Mining & Metallurgical Co Norilsk Nickel is a metal and mining company engaged in activities such as exploration, extraction, refining of ore and nonmetallic minerals, and sale of base and precious minerals. The company is organized into seven operating business segments: GMK Group, South Cluster, KGMK Group, NN Harjavalta, GRK Bystrinskoye, other mining, and other nonmetallurgical. The majority of the company's revenue is derived from the GMK Group segment which includes mining, processing and other metallurgy operations, and sale of precious metals. More than half the company's consolidated revenue is earned from the sale of metals to customers in Europe.

PJSC Mining & Metallurgical Co Norilsk Nickel (WBO:MNOD) Headlines

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