ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Turkiye Vakiflar Bankasi TAO's annualizedNet Income for the quarter that ended in Dec. 2023 was ₺53,476 Mil.
Turkiye Vakiflar Bankasi TAO's average Total Assets over the quarter that ended in Dec. 2023 was ₺2,676,234 Mil. Therefore, Turkiye Vakiflar Bankasi TAO's annualized ROA % for the quarter that ended in Dec. 2023 was 2.00%.
The historical rank and industry rank for Turkiye Vakiflar Bankasi TAO's ROA % or its related term are showing as below:
IST:VAKBN'
s ROA % Range Over the Past 10 Years
Min: 0.59 Med: 1.28 Max: 1.94
Current: 1.42
During the past 13 years, Turkiye Vakiflar Bankasi TAO's highest ROA % was 1.94%. The lowest was 0.59%. And the median was 1.28%.
IST:VAKBN's ROA % is ranked better than 75.77% of 1465
companies
in the Banks industry
Industry Median: 0.89
vs IST:VAKBN: 1.42
Turkiye Vakiflar Bankasi TAO ROA % Historical 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.
Competitive Comparison of Turkiye Vakiflar Bankasi TAO's ROA %
For the Banks - Regional subindustry, Turkiye Vakiflar Bankasi TAO'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.
Turkiye Vakiflar Bankasi TAO's ROA % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Turkiye Vakiflar Bankasi TAO's ROA % distribution charts can be found below:
* The bar in red indicates where Turkiye Vakiflar Bankasi TAO's ROA % falls into.
* 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.
Turkiye Vakiflar Bankasi TAO (IST:VAKBN) 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.
Turkiye Vakiflar Bankasi TAO ROA % Related Terms
Thank you for viewing the detailed overview of Turkiye Vakiflar Bankasi TAO's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Turkiye Vakiflar Bankasi TAO (IST:VAKBN) Business Description
Turkiye Vakiflar Bankasi TAO provides a range of banking products and services through its corporate, commercial and small to midsize enterprise, and retail and private banking business lines. In addition to its core services, the bank also participates in investment banking, insurance, as well as financial leasing and factoring, among other activities. Most of the bank's earning assets are commercial loans, but it also has a significant retail loan book and securities portfolio. The bank operates and has its credit exposed overwhelmingly in the Turkish market.
Turkiye Vakiflar Bankasi TAO (IST:VAKBN) Headlines
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