ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Jamaica Stock Exchange's annualizedNet Income for the quarter that ended in Dec. 2022 was JMD503 Mil.
Jamaica Stock Exchange's average Total Assets over the quarter that ended in Dec. 2022 was JMD2,420 Mil. Therefore, Jamaica Stock Exchange's annualized ROA % for the quarter that ended in Dec. 2022 was 20.79%.
The historical rank and industry rank for Jamaica Stock Exchange's ROA % or its related term are showing as below:
XJAM:JSE'
s ROA % Range Over the Past 10 Years
Min: 0.49 Med: 22.78 Max: 31.34
Current: 20.79
During the past 13 years, Jamaica Stock Exchange's highest ROA % was 31.34%. The lowest was 0.49%. And the median was 22.78%.
XJAM:JSE's ROA % is ranked better than 93.35% of 812
companies
in the Capital Markets industry
Industry Median: 1.45
vs XJAM:JSE: 20.79
* 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 Jamaica Stock Exchange's ROA %
For the Financial Data & Stock Exchanges subindustry, Jamaica Stock Exchange'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.
Jamaica Stock Exchange's ROA % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Jamaica Stock Exchange's ROA % distribution charts can be found below:
* The bar in red indicates where Jamaica Stock Exchange's ROA % falls into.
Jamaica Stock Exchange ROA % Calculation
Jamaica Stock Exchange's annualized ROA % for the fiscal year that ended in Dec. 2022 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 one times the annual (Dec. 2022) 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 one times the annual (Dec. 2022) net income data. The Revenue data used here is one times the annual (Dec. 2022) 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.
Jamaica Stock Exchange ROA % Related Terms
Thank you for viewing the detailed overview of Jamaica Stock Exchange's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jamaica Stock Exchange (XJAM:JSE) Business Description
Jamaica Stock Exchange Ltd operates and regulates a stock exchange and develops a stock market in Jamaica. Through its subsidiary, the company is also establishing and maintaining a Central Securities Depository in Jamaica to facilitate the transfer of ownership of securities. Its operating segments are Exchange operations; JCSD services; Investments; and Trustee, custodian, company management, and other activities. It derives a portion of the revenue from the Exchange operations involving the Stock exchange's operation and regulation. Another critical revenue source is from JCSD services provided in connection with transferring and holding securities, shares, stocks, bonds, debentures, and registrar services. The group's operations are in Jamaica.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
XJAM:JSE has been successfully added to your 