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PT Multi Spunindo Jaya Tbk (ISX:MSJA) ROA % : 7.25% (As of Jun. 2023)


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What is PT Multi Spunindo Jaya Tbk ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. PT Multi Spunindo Jaya Tbk's annualized Net Income for the quarter that ended in Jun. 2023 was Rp106,805 Mil. PT Multi Spunindo Jaya Tbk's average Total Assets over the quarter that ended in Jun. 2023 was Rp1,472,194 Mil. Therefore, PT Multi Spunindo Jaya Tbk's annualized ROA % for the quarter that ended in Jun. 2023 was 7.25%.

The historical rank and industry rank for PT Multi Spunindo Jaya Tbk's ROA % or its related term are showing as below:

ISX:MSJA' s ROA % Range Over the Past 10 Years
Min: 4.77   Med: 8.82   Max: 15.2
Current: 6.2

During the past 3 years, PT Multi Spunindo Jaya Tbk's highest ROA % was 15.20%. The lowest was 4.77%. And the median was 8.82%.

ISX:MSJA's ROA % is ranked better than
77.42% of 1085 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.89 vs ISX:MSJA: 6.20

PT Multi Spunindo Jaya Tbk ROA % Historical Data

The historical data trend for PT Multi Spunindo Jaya Tbk'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.

PT Multi Spunindo Jaya Tbk ROA % Chart

PT Multi Spunindo Jaya Tbk Annual Data
Trend Dec20 Dec21 Dec22
ROA %
15.20 8.82 4.77

PT Multi Spunindo Jaya Tbk Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23
ROA % - - 4.43 4.83 7.25

Competitive Comparison of PT Multi Spunindo Jaya Tbk's ROA %

For the Textile Manufacturing subindustry, PT Multi Spunindo Jaya Tbk'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.


PT Multi Spunindo Jaya Tbk's ROA % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, PT Multi Spunindo Jaya Tbk's ROA % distribution charts can be found below:

* The bar in red indicates where PT Multi Spunindo Jaya Tbk's ROA % falls into.



PT Multi Spunindo Jaya Tbk ROA % Calculation

PT Multi Spunindo Jaya Tbk's annualized ROA % for the fiscal year that ended in Dec. 2022 is calculated as:

ROA %=Net Income (A: Dec. 2022 )/( (Total Assets (A: Dec. 2021 )+Total Assets (A: Dec. 2022 ))/ count )
=75178.508/( (1587055.164+1568035.842)/ 2 )
=75178.508/1577545.503
=4.77 %

PT Multi Spunindo Jaya Tbk's annualized ROA % for the quarter that ended in Jun. 2023 is calculated as:

ROA %=Net Income (Q: Jun. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Jun. 2023 ))/ count )
=106804.826/( (1568035.842+1376351.777)/ 2 )
=106804.826/1472193.8095
=7.25 %

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


PT Multi Spunindo Jaya Tbk  (ISX:MSJA) 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: Jun. 2023 )
=Net Income/Total Assets
=106804.826/1472193.8095
=(Net Income / Revenue)*(Revenue / Total Assets)
=(106804.826 / 1095425.634)*(1095425.634 / 1472193.8095)
=Net Margin %*Asset Turnover
=9.75 %*0.7441
=7.25 %

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


PT Multi Spunindo Jaya Tbk ROA % Related Terms

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PT Multi Spunindo Jaya Tbk (ISX:MSJA) Business Description

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Traded in Other Exchanges
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Address
Website
PT MultiSpunindo Jaya Tbk is engaged in nonwoven industry on a business to business (B2B) basis. It produces nonwoven sheet products which are then used as a raw material for finished products in various sectors starting from the health sector (sanitary napkins, diapers, masks, and others) to the construction and agricultural sectors.

PT Multi Spunindo Jaya Tbk (ISX:MSJA) Headlines

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