GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Aberdeen Japan Equity Fund Inc (NYSE:JEQ) » Definitions » ROA %

Aberdeen Japan Equity Fund (Aberdeen Japan Equity Fund) ROA % : -7.47% (As of Oct. 2023)


View and export this data going back to . Start your Free Trial

What is Aberdeen Japan Equity Fund ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Aberdeen Japan Equity Fund's annualized Net Income for the quarter that ended in Oct. 2023 was $-7.24 Mil. Aberdeen Japan Equity Fund's average Total Assets over the quarter that ended in Oct. 2023 was $96.95 Mil. Therefore, Aberdeen Japan Equity Fund's annualized ROA % for the quarter that ended in Oct. 2023 was -7.47%.

The historical rank and industry rank for Aberdeen Japan Equity Fund's ROA % or its related term are showing as below:

JEQ' s ROA % Range Over the Past 10 Years
Min: -35.7   Med: 10.64   Max: 12.32
Current: 6.43

During the past 7 years, Aberdeen Japan Equity Fund's highest ROA % was 12.32%. The lowest was -35.70%. And the median was 10.64%.

JEQ's ROA % is ranked better than
68.77% of 1713 companies
in the Asset Management industry
Industry Median: 2.89 vs JEQ: 6.43

Aberdeen Japan Equity Fund ROA % Historical Data

The historical data trend for Aberdeen Japan Equity Fund'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.

Aberdeen Japan Equity Fund ROA % Chart

Aberdeen Japan Equity Fund Annual Data
Trend Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
ROA %
Get a 7-Day Free Trial 10.94 11.56 12.32 -35.70 6.62

Aberdeen Japan Equity Fund Semi-Annual Data
Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.74 -51.26 -21.47 20.26 -7.47

Competitive Comparison of Aberdeen Japan Equity Fund's ROA %

For the Asset Management subindustry, Aberdeen Japan Equity Fund'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.


Aberdeen Japan Equity Fund's ROA % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Aberdeen Japan Equity Fund's ROA % distribution charts can be found below:

* The bar in red indicates where Aberdeen Japan Equity Fund's ROA % falls into.



Aberdeen Japan Equity Fund ROA % Calculation

Aberdeen Japan Equity Fund's annualized ROA % for the fiscal year that ended in Oct. 2023 is calculated as:

ROA %=Net Income (A: Oct. 2023 )/( (Total Assets (A: Oct. 2022 )+Total Assets (A: Oct. 2023 ))/ count )
=6.125/( (91.737+93.27)/ 2 )
=6.125/92.5035
=6.62 %

Aberdeen Japan Equity Fund's annualized ROA % for the quarter that ended in Oct. 2023 is calculated as:

ROA %=Net Income (Q: Oct. 2023 )/( (Total Assets (Q: Apr. 2023 )+Total Assets (Q: Oct. 2023 ))/ count )
=-7.238/( (100.624+93.27)/ 2 )
=-7.238/96.947
=-7.47 %

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


Aberdeen Japan Equity Fund  (NYSE:JEQ) 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: Oct. 2023 )
=Net Income/Total Assets
=-7.238/96.947
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-7.238 / -6.446)*(-6.446 / 96.947)
=Net Margin %*Asset Turnover
=112.29 %*-0.0665
=-7.47 %

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


Aberdeen Japan Equity Fund ROA % Related Terms

Thank you for viewing the detailed overview of Aberdeen Japan Equity Fund's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Aberdeen Japan Equity Fund (Aberdeen Japan Equity Fund) Business Description

Traded in Other Exchanges
N/A
Address
1900 Market Street, Suite 200, Philadelphia, PA, USA, 19103
Aberdeen Japan Equity Fund Inc is a United States-based closed-end diversified management investment company. Its investment objective is to outperform over the long term, on a total return basis (including appreciation and dividends), the Tokyo Stock Price Index ("TOPIX"). The fund seeks to achieve its investment objective by investing a majority of its assets, in equity securities of companies listed on the Tokyo Stock Exchange or listed on the over-the-counter market in Japan or listed on other stock exchanges in Japan. The portfolio of investments is spread across Consumer Discretionary, Industrials, Information Technology, Financials and other sectors.
Executives
Bill Maher director 600 WEST BROADWAY, 30TH FL., SAN DIEGO CA 92101
Katie Lynn Gebauer officer: Vice President C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Katherine A. Corey officer: Vice President 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Ai Hua Aik other: Director of Investment Manager 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Brian Kordeck officer: Vice President C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Chern Yeh Kwok officer: Vice President C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Michael Marsico officer: Vice President C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Robert W. Hepp officer: Vice President C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Andrew Wonil Kim officer: Vice President C/O ABRDN, 1900 MARKET STREET, SUITE 200, PHILDADELPHIA PA 19103
Stephen Bird director 388 GREENWICH STREET, 17TH FLOOR, NEW YORK NY 10022
Peter Gerald Malone director
Rene Buehlmann other: CEO/Director of Invest. Mngr. C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
James Joseph O'connor officer: Vice President C/O ABERDEEN STANDARD INVESTMENTS, 1900 MARKET STREET, SUITE 200, PHILADELPHIA PA 19103
Matthew Keener officer: Assistant Secretary C/O ABERDEEN ASSET MANAGEMENT INC., 1735 MARKET STREET - 32ND FLOOR, PHILADELPHIA PA 19103
Chris Demetriou officer: Vice President 1735 MARKET STREET, 32ND FLOOR, PHILADELPHIA PA 19103