ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Best Mart 360 Holdings's annualizedNet Income for the quarter that ended in Sep. 2023 was HK$221 Mil.
Best Mart 360 Holdings's average Total Assets over the quarter that ended in Sep. 2023 was HK$1,025 Mil. Therefore, Best Mart 360 Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was 21.58%.
The historical rank and industry rank for Best Mart 360 Holdings's ROA % or its related term are showing as below:
HKSE:02360'
s ROA % Range Over the Past 10 Years
Min: 2.02 Med: 12.76 Max: 27.15
Current: 23.48
During the past 7 years, Best Mart 360 Holdings's highest ROA % was 27.15%. The lowest was 2.02%. And the median was 12.76%.
HKSE:02360's ROA % is ranked better than 96.82% of 314
companies
in the Retail - Defensive industry
Industry Median: 3.31
vs HKSE:02360: 23.48
* 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 Best Mart 360 Holdings's ROA %
For the Discount Stores subindustry, Best Mart 360 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.
Best Mart 360 Holdings's ROA % Distribution in the Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Best Mart 360 Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Best Mart 360 Holdings's ROA % falls into.
Best Mart 360 Holdings ROA % Calculation
Best Mart 360 Holdings's annualized ROA % for the fiscal year that ended in Mar. 2022 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 (Sep. 2023) net income data.
ROA % is displayed in the 30-year financial page.
Best Mart 360 Holdings (HKSE:02360) 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 (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.
Best Mart 360 Holdings ROA % Related Terms
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Best Mart 360 Holdings (HKSE:02360) Business Description
Best Mart 360 Holdings Ltd is a leisure food retailer operating chain retail stores under its stores Best Mart 360 and FoodVille. The company is engaged in retail sales of food and beverage, household and personal care products in Hong Kong, Macau and People's Republic of China. The company generates majority of the revenue from Hong Kong.
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