ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. New Times Energy's annualizedNet Income for the quarter that ended in Dec. 2023 was HK$-417 Mil.
New Times Energy's average Total Assets over the quarter that ended in Dec. 2023 was HK$2,014 Mil. Therefore, New Times Energy's annualized ROA % for the quarter that ended in Dec. 2023 was -20.69%.
The historical rank and industry rank for New Times Energy's ROA % or its related term are showing as below:
HKSE:00166'
s ROA % Range Over the Past 10 Years
Min: -100.1 Med: -5.67 Max: 23.89
Current: -7.29
During the past 13 years, New Times Energy's highest ROA % was 23.89%. The lowest was -100.10%. And the median was -5.67%.
HKSE:00166's ROA % is ranked better than 64.99% of 2702
companies
in the Metals & Mining industry
Industry Median: -14.96
vs HKSE:00166: -7.29
New Times Energy ROA % Historical Data
The historical data trend for New Times Energy'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 New Times Energy's ROA %
For the Other Industrial Metals & Mining subindustry, New Times Energy'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.
New Times Energy's ROA % Distribution in the Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, New Times Energy's ROA % distribution charts can be found below:
* The bar in red indicates where New Times Energy's ROA % falls into.
New Times Energy ROA % Calculation
New Times Energy'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 two times the semi-annual (Dec. 2023) net income data.
ROA % is displayed in the 30-year financial page.
New Times Energy (HKSE:00166) 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 (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.
New Times Energy ROA % Related Terms
Thank you for viewing the detailed overview of New Times Energy's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
New Times Energy (HKSE:00166) Business Description
New Times Energy Corp Ltd is an investment holding company. The company's operating segment includes Upstream, which is engaged in the exploration, development, production, and sale of crude oil; and the General and commodities trading segment includes trading of non-ferrous metals, gold, and petroleum-related products. The Company operates its business through two segments. The General and Commodities Refinery and Trading segment and The Upstream segment. It generates maximum revenue from the Commodities trading segment. The company's geographical segments are Hong Kong, Mainland China, Argentina, Singapore, and the United Arab Emirates, of which Hong Kong accounts for the majority of its revenue.
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