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Hong Kong Economic Times Holdings (HKSE:00423) ROA % : -3.50% (As of Sep. 2023)


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What is Hong Kong Economic Times Holdings ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Hong Kong Economic Times Holdings's annualized Net Income for the quarter that ended in Sep. 2023 was HK$-40.5 Mil. Hong Kong Economic Times Holdings's average Total Assets over the quarter that ended in Sep. 2023 was HK$1,159.5 Mil. Therefore, Hong Kong Economic Times Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was -3.50%.

The historical rank and industry rank for Hong Kong Economic Times Holdings's ROA % or its related term are showing as below:

HKSE:00423' s ROA % Range Over the Past 10 Years
Min: -2.38   Med: 2.67   Max: 5.93
Current: -2.38

During the past 13 years, Hong Kong Economic Times Holdings's highest ROA % was 5.93%. The lowest was -2.38%. And the median was 2.67%.

HKSE:00423's ROA % is ranked worse than
63.63% of 1064 companies
in the Media - Diversified industry
Industry Median: 0.845 vs HKSE:00423: -2.38

Hong Kong Economic Times Holdings ROA % Historical Data

The historical data trend for Hong Kong Economic Times Holdings'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.

Hong Kong Economic Times Holdings ROA % Chart

Hong Kong Economic Times Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.69 0.85 2.57 2.76 2.29

Hong Kong Economic Times Holdings Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 3.89 1.66 5.86 -1.28 -3.50

Competitive Comparison of Hong Kong Economic Times Holdings's ROA %

For the Publishing subindustry, Hong Kong Economic Times Holdings'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.


Hong Kong Economic Times Holdings's ROA % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hong Kong Economic Times Holdings's ROA % distribution charts can be found below:

* The bar in red indicates where Hong Kong Economic Times Holdings's ROA % falls into.



Hong Kong Economic Times Holdings ROA % Calculation

Hong Kong Economic Times Holdings's annualized ROA % for the fiscal year that ended in Mar. 2023 is calculated as:

ROA %=Net Income (A: Mar. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Mar. 2023 ))/ count )
=27.458/( (1198.326+1197.222)/ 2 )
=27.458/1197.774
=2.29 %

Hong Kong Economic Times Holdings's annualized ROA % for the quarter that ended in Sep. 2023 is calculated as:

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-40.53/( (1197.222+1121.702)/ 2 )
=-40.53/1159.462
=-3.50 %

* 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 (Sep. 2023) net income data. ROA % is displayed in the 30-year financial page.


Hong Kong Economic Times Holdings  (HKSE:00423) 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. 2023 )
=Net Income/Total Assets
=-40.53/1159.462
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-40.53 / 966.206)*(966.206 / 1159.462)
=Net Margin %*Asset Turnover
=-4.19 %*0.8333
=-3.50 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (Sep. 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.


Hong Kong Economic Times Holdings ROA % Related Terms

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Hong Kong Economic Times Holdings (HKSE:00423) Business Description

Traded in Other Exchanges
N/A
Address
321 Java Road, 6th Floor, Kodak House II, North Point, Hong Kong, HKG
Hong Kong Economic Times Holdings Ltd is an investment holding company. It is engaged in the printing and publishing of newspapers and magazines and the operation of their associated digital businesses; the operation of recruitment advertising and lifestyle platforms; and the provision of electronic financial and property market information services. Its segments are Media segment, majority revenue deriving segment, engaged in the printing and publication of newspapers, magazines and books and the operation of digital platforms, including recruitment, finance and lifestyle; and Financial news agency, information and solutions segment.
Executives
Webb David Michael 2201 Interest of corporation controlled by you
Preferable Situation Assets Limited 2101 Beneficial owner
Golden Rooster Limited 2101 Beneficial owner
Lee Su Hwei 2201 Interest of corporation controlled by you
Fung Siu Por 2201 Interest of corporation controlled by you

Hong Kong Economic Times Holdings (HKSE:00423) Headlines

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