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Changjiang & Jinggong Steel Building Group Co Ltd
SSE:600496

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Changjiang & Jinggong Steel Building Group Co Ltd
SSE:600496
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Price: 2.87 CNY
Updated: May 8, 2024

ROA
Return on Assets

2.7%
Current
4%
Average
2.1%
Industry

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
2.7%
=
Net Income
587.8m
/
Total Assets
21.3B

ROA Across Competitors

Country FR
Market Cap 64.2B EUR
ROA
4%
Country IN
Market Cap 52.5B EUR
ROA
4%
Country IN
Market Cap 4.7T INR
ROA
4%
Country US
Market Cap 38.8B USD
ROA
5%
Country NL
Market Cap 29.7B USD
ROA
2%
Country ES
Market Cap 26.1B EUR
ROA
2%
Country CN
Market Cap 144.5B CNY
ROA
2%
Country CA
Market Cap 26.7B CAD
ROA
4%
Country US
Market Cap 17.6B USD
ROA
12%

Profitability Report

View the profitability report to see the full profitability analysis for Changjiang & Jinggong Steel Building Group Co Ltd.

See Also

Discover More
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
2.7%
=
Net Income
587.8m
/
Total Assets
21.3B
What is the ROA of Changjiang & Jinggong Steel Building Group Co Ltd?

Based on Changjiang & Jinggong Steel Building Group Co Ltd's most recent financial statements, the company has ROA of 2.7%.