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Tongwei Co Ltd
SSE:600438

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Tongwei Co Ltd Logo
Tongwei Co Ltd
SSE:600438
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Price: 23.95 CNY 3.06%
Updated: Apr 18, 2024

ROA
Return on Assets

13.4%
Current
14%
Average
3%
Industry
Positive for the last year
13.4%
Positive average
14%
Worse than average
Better than industry value

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
13.4%
=
Net Income
20.3B
/
Total Assets
165.4B

ROA Across Competitors

ROA Comparison
Tongwei Co Ltd Competitors

Country CN
Market Cap 107.8B CNY
ROA
13%
Country MY
Market Cap 173.3B MYR
ROA
2%
Country US
Market Cap 31B USD
ROA
6%
Country CY
Market Cap 24B USD
ROA
11%
Country SG
Market Cap 21B SGD
ROA
3%
Country US
Market Cap 15.3B USD
ROA
9%
Country US
Market Cap 7.3B USD
ROA
8%
Country US
Market Cap 6.7B USD
ROA
7%
Country MY
Market Cap 30.6B MYR
ROA
6%
Country CN
Market Cap 40.7B CNY
ROA
-2%
Country ID
Market Cap 83.6T IDR
ROA
6%

Profitability Report

View the profitability report to see the full profitability analysis for Tongwei Co Ltd.

See Also

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What is 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
13.4%
=
Net Income
20.3B
/
Total Assets
165.4B
What is the ROA of Tongwei Co Ltd?

Based on Tongwei Co Ltd's most recent financial statements, the company has ROA of 13.4%.