Absa Bank Ltd
JSE:ABSP
ROA
Return on Assets
ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.
ROA Across Competitors
Country | Company | Market Cap | ROA | ||
---|---|---|---|---|---|
ZA |
A
|
Absa Bank Ltd
JSE:ABSP
|
433.8B Zac |
1%
|
|
US |
![]() |
JPMorgan Chase & Co
NYSE:JPM
|
802.3B USD |
1%
|
|
ZA |
C
|
Capitec Bank Holdings Ltd
JSE:CPI
|
395.1B Zac |
6%
|
|
CN |
![]() |
Industrial and Commercial Bank of China Ltd
SSE:601398
|
2.8T CNY |
1%
|
|
ZA |
S
|
Standard Bank Group Ltd
JSE:SBK
|
362.2B Zac |
1%
|
|
US |
![]() |
Bank of America Corp
NYSE:BAC
|
355.9B USD |
0%
|
|
CN |
![]() |
Agricultural Bank of China Ltd
SSE:601288
|
2.2T CNY |
1%
|
|
US |
![]() |
Wells Fargo & Co
NYSE:WFC
|
272.1B USD |
1%
|
|
CN |
![]() |
Bank of China Ltd
SSE:601988
|
1.7T CNY |
1%
|
|
CN |
![]() |
China Construction Bank Corp
SSE:601939
|
1.6T CNY |
1%
|
|
UK |
![]() |
HSBC Holdings PLC
LSE:HSBA
|
164B GBP |
1%
|
Absa Bank Ltd
Glance View
In the bustling heart of Johannesburg, Absa Bank Ltd. signifies a pivotal force in South Africa's financial landscape, rooted in a rich history that echoes back to colonial foundations. Born from the amalgamation of several banks in the late 20th century, Absa has evolved into a formidable institution, steering itself with technological momentum and a customer-centric ethos. The bank operates primarily in personal, business, and corporate banking, with a sprawling network that extends beyond South African borders into key African markets. Offering products ranging from basic savings accounts to complex financial instruments, Absa leverages its extensive retail banking division to cater to a wide array of customer needs. It fuels growth and innovation by investing in digital banking solutions, providing seamless banking experiences and financial inclusion to an increasingly tech-savvy clientele. Absa’s financial engine roars to life through its diversified revenue streams, primarily driven by interest income from loans and advances. The bank extends credit across various sectors, from mortgage and vehicle financing in personal banking to larger corporate loans. Meanwhile, non-interest income flows from fees, commissions, and trading activities, including wealth management services offering mutual funds and insurance products. This revenue mix ensures resilience and adaptability in fluctuating economic climates. Absa's strategic focus on sustainability and social responsibility further positions it as a crucial player in advancing economic opportunities, not just in South Africa, but across the continent. Through a commitment to innovation and community engagement, the bank strives to balance profitability with impactful stewardship, driving forward with both confidence and responsibility in an ever-evolving financial world.
See Also
ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.
Based on Absa Bank Ltd's most recent financial statements, the company has ROA of 0.8%.