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Inrom Construction Industries (XTAE:INRM) ROA % : 7.91% (As of Sep. 2024)


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What is Inrom Construction Industries ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Inrom Construction Industries's annualized Net Income for the quarter that ended in Sep. 2024 was ₪156.2 Mil. Inrom Construction Industries's average Total Assets over the quarter that ended in Sep. 2024 was ₪1,973.9 Mil. Therefore, Inrom Construction Industries's annualized ROA % for the quarter that ended in Sep. 2024 was 7.91%.

The historical rank and industry rank for Inrom Construction Industries's ROA % or its related term are showing as below:

XTAE:INRM' s ROA % Range Over the Past 10 Years
Min: 9.33   Med: 12.8   Max: 15.65
Current: 10.46

During the past 11 years, Inrom Construction Industries's highest ROA % was 15.65%. The lowest was 9.33%. And the median was 12.80%.

XTAE:INRM's ROA % is ranked better than
87.9% of 405 companies
in the Building Materials industry
Industry Median: 2.79 vs XTAE:INRM: 10.46

Inrom Construction Industries ROA % Historical Data

The historical data trend for Inrom Construction Industries'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.

Inrom Construction Industries ROA % Chart

Inrom Construction Industries 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 14.01 10.75 9.33 10.88 14.34

Inrom Construction Industries Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 10.50 26.75 6.15 4.30 7.91

Competitive Comparison of Inrom Construction Industries's ROA %

For the Building Materials subindustry, Inrom Construction Industries'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.


Inrom Construction Industries's ROA % Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Inrom Construction Industries's ROA % distribution charts can be found below:

* The bar in red indicates where Inrom Construction Industries's ROA % falls into.



Inrom Construction Industries ROA % Calculation

Inrom Construction Industries'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 )
=192.972/( (1275.258+1415.87)/ 2 )
=192.972/1345.564
=14.34 %

Inrom Construction Industries's annualized ROA % for the quarter that ended in Sep. 2024 is calculated as:

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=156.188/( (1915.065+2032.737)/ 2 )
=156.188/1973.901
=7.91 %

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


Inrom Construction Industries  (XTAE:INRM) 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: Sep. 2024 )
=Net Income/Total Assets
=156.188/1973.901
=(Net Income / Revenue)*(Revenue / Total Assets)
=(156.188 / 1367.56)*(1367.56 / 1973.901)
=Net Margin %*Asset Turnover
=11.42 %*0.6928
=7.91 %

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


Inrom Construction Industries ROA % Related Terms

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Inrom Construction Industries Business Description

Traded in Other Exchanges
N/A
Address
Golan Street, Beit Golan, Airport City, ISR
Inrom Construction Industries Ltd is an Israel-based company engaged in the construction sector. The company offers varieties of products and solutions for the construction and renovation industries, for industrial and other uses. It operates through three businesses. The construction solutions business operates, manufactures and markets flooring solutions, environment and landscape and others. Its construction finishing product business offers mortar products for flooring, plaster and special salts and other complementary products including sealants, coatings, and bonding materials. The color products business provides paint products for interior and exterior, decorative colors for special designs, various coatings and more.

Inrom Construction Industries Headlines

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