ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Go Innovate Asia Bhd's annualizedNet Income for the quarter that ended in Jun. 2025 was RM4 Mil.
Go Innovate Asia Bhd's average Total Assets over the quarter that ended in Jun. 2025 was RM120 Mil. Therefore, Go Innovate Asia Bhd's annualized ROA % for the quarter that ended in Jun. 2025 was 3.45%.
The historical rank and industry rank for Go Innovate Asia Bhd's ROA % or its related term are showing as below:
XKLS:03028'
s ROA % Range Over the Past 10 Years
Min: -21.09 Med: 3.87 Max: 12.45
Current: -9.59
During the past 8 years, Go Innovate Asia Bhd's highest ROA % was 12.45%. The lowest was -21.09%. And the median was 3.87%.
XKLS:03028's ROA % is not ranked
in the Capital Markets industry.
Industry Median: 1.495
vs XKLS:03028: -9.59
Go Innovate Asia Bhd (XKLS:03028) 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 two times the semi-annual (Jun. 2025) net income data. The Revenue data used here is two times the semi-annual (Jun. 2025) 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.
* 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.
For the Capital Markets subindustry, Go Innovate Asia Bhd'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.
Go Innovate Asia Bhd ROA % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Go Innovate Asia Bhd's ROA % distribution charts can be found below:
* The bar in red indicates where Go Innovate Asia Bhd'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 two times the semi-annual (Jun. 2025) net income data.
ROA % is displayed in the 30-year financial page.
Go Innovate Asia Bhd (XKLS:03028) has a ROA % of 3.45% as of Jun. 2025. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Go Innovate Asia Bhd and its competitors. This is 11% below median its historical median of 3.87.
Is Go Innovate Asia Bhd's ROA % too high?
Go Innovate Asia Bhd's current ROA % of 3.45% is 11% below median its 10-year median of 3.87. The Capital Markets industry median ROA % is 1.50. Go Innovate Asia Bhd's value of 3.45% is 130.8% above this industry median.
How does Go Innovate Asia Bhd's ROA % compare to MS and GS?
Go Innovate Asia Bhd's ROA % of 3.45% can be compared against companies in the Capital Markets industry. The industry median ROA % is 1.50. Go Innovate Asia Bhd's value of 3.45% is 130.8% above this benchmark. While the company's 10-year median is 3.87 vs. the industry median of 1.50, Go Innovate Asia Bhd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Capital Markets company?
The median ROA % among Capital Markets companies is 1.50, based on 816 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Go Innovate Asia Bhd's current ROA % of 3.45% is 130.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Go Innovate Asia Bhd and its competitors. For the Capital Markets industry, the median ROA % is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Go Innovate Asia Bhd's current ROA % is 3.45%, which is 11% below median its own 10-year median of 3.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Go Innovate Asia Bhd stock overvalued right now?
Go Innovate Asia Bhd (XKLS:03028) has a current ROA % of 3.45%. The stock's GF Value™ is RM0.38, compared to a current price of RM0.03 — trading 92.1% below its estimated fair value. The current ROA % is 3.45%, which is 11% below median its 10-year median of 3.87 and 130.8% above the Capital Markets industry median of 1.50. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Go Innovate Asia Bhd (XKLS:03028), the current ROA % is 3.45% as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Go Innovate Asia Bhd is investment holding company. The principal activities of its subsidiaries include trading in precious metals, provide services relating to the online precious metals trading platform and such other business which are necessary for and/or incident to the aforesaid business, developing information technology (IT), dealing and trading in providing information, communication and technology (ICT) services and consultancy, deal, trade and provide software research and development businesses, technical testing and analysis, assaying and refining of precious metals, and promoting and marketing all kinds of gold products.
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