Slanchev Bryag AD (XBUL:SLB) ROA % : 13.46% (As of Mar. 2024)

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What is Slanchev Bryag AD ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Slanchev Bryag AD's annualized Net Income for the quarter that ended in Mar. 2024 was лв5.86 Mil. Slanchev Bryag AD's average Total Assets over the quarter that ended in Mar. 2024 was лв43.58 Mil. Therefore, Slanchev Bryag AD's annualized ROA % for the quarter that ended in Mar. 2024 was 13.46%.

The historical rank and industry rank for Slanchev Bryag AD's ROA % or its related term are showing as below:

XBUL:SLB' s ROA % Range Over the Past 10 Years
Min: -4.43 Med: -1.63 Max: 3.64
Current: 3.64

During the past 13 years, Slanchev Bryag AD's highest ROA % was 3.64%. The lowest was -4.43%. And the median was -1.63%.

XBUL:SLB's ROA % is not ranked
in the Travel & Leisure industry.
Industry Median: 2.28 vs XBUL:SLB: 3.64

Slanchev Bryag AD ROA % Historical Data

The historical data trend for Slanchev Bryag AD'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.

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Slanchev Bryag AD ROA % Chart

Slanchev Bryag AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROA %

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-0.25

-1.16

0.83

-1.57

-3.67

Slanchev Bryag AD Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
ROA %	Get a 7-Day Free Trial															-6.35	-1.35	-2.69	3.89	13.46

Competitive Comparison of Slanchev Bryag AD's ROA %

For the Resorts & Casinos subindustry, Slanchev Bryag AD'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.

Slanchev Bryag AD's ROA % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Slanchev Bryag AD's ROA % distribution charts can be found below:

* The bar in red indicates where Slanchev Bryag AD's ROA % falls into.

Slanchev Bryag AD ROA % Calculation

Slanchev Bryag AD'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 )
	=	-1.629	/	( (44.076	+	44.632)	/ 2 )
	=	-1.629	/	44.354
	=	-3.67 %

Slanchev Bryag AD's annualized ROA % for the quarter that ended in Mar. 2024 is calculated as:

ROA %	=	Net Income (Q: Mar. 2024 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Mar. 2024 ))	/ count )
	=	5.864	/	( (44.31	+	42.845)	/ 2 )
	=	5.864	/	43.5775
	=	13.46 %

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 (Mar. 2024) net income data. ROA % is displayed in the 30-year financial page.

Slanchev Bryag AD (XBUL:SLB) 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:

	ROA %		(Q: Mar. 2024 )
=	Net Income	/	Total Assets
=	5.864	/	43.5775
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(5.864 / 1.636)	*	(1.636 / 43.5775)
=	Net Margin %	*	Asset Turnover
=	358.44 %	*	0.0375
=	13.46 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) revenue data.

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.

Slanchev Bryag AD ROA % Related Terms

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