ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. AGBA Group Holding's annualizedNet Income for the quarter that ended in Dec. 2023 was $-54.51 Mil.
AGBA Group Holding's average Total Assets over the quarter that ended in Dec. 2023 was $74.59 Mil. Therefore, AGBA Group Holding's annualized ROA % for the quarter that ended in Dec. 2023 was -73.08%.
The historical rank and industry rank for AGBA Group Holding's ROA % or its related term are showing as below:
AGBA'
s ROA % Range Over the Past 10 Years
Min: -58.64 Med: -24.46 Max: 64.43
Current: -55.49
During the past 4 years, AGBA Group Holding's highest ROA % was 64.43%. The lowest was -58.64%. And the median was -24.46%.
AGBA's ROA % is ranked worse than 95.29% of 807
companies
in the Capital Markets industry
Industry Median: 1.41
vs AGBA: -55.49
AGBA Group Holding ROA % Historical Data
The historical data trend for AGBA Group Holding'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 AGBA Group Holding's ROA %
For the Capital Markets subindustry, AGBA Group Holding'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.
AGBA Group Holding's ROA % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, AGBA Group Holding's ROA % distribution charts can be found below:
* The bar in red indicates where AGBA Group Holding's ROA % falls into.
AGBA Group Holding ROA % Calculation
AGBA Group Holding's annualized ROA % for the fiscal year that ended in Dec. 2023 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.
AGBA Group Holding (NAS:AGBA) 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.
AGBA Group Holding ROA % Related Terms
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AGBA Group Holding (AGBA Group Holding) Business Description
AGBA Group Holding Ltd provides healthcare, wellness, financial advisory, and fintech services. The group is organized into four divisions: Platform, Distribution, Healthcare, and Fintech. The AGBA platform helps individual and corporate customers with better financial, medical, and healthcare service options. The AGBA is a unique omnichannel one-stop financial business solution platform that offers financial services, expands business opportunities, and enhances business productivity to licensed financial advisors, licensed brokers, and licensed financial institutions.
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