Graphjet Technology Ordinary Shares(Gti) Financials: Return On Assets Compared To Industry Average, Plus Other Key Ratios
Profitability Trend (Last 5 Years)
Profitability - return on assets
This chart shows the historical trend of return on assets for GTI compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Return on Assets (ROA)
Definition: ROA shows how efficiently the company turns everything it owns — its entire asset base — into net profit after all costs and taxes. A higher ROA means the business squeezes more profit from its assets. Lower ROA might reflect poor asset utilization or heavy reliance on expensive financing.
Interpretation:
• In '2021', GTI's return on assets was -300.7%, representing returns generated from total assets. Industry average for Industrial Machinery/Components in '2021' stood at -15.0%.
• In '2022', GTI's return on assets was -27.3%, representing returns generated from total assets. The increase since '2021' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2022' stood at -9.7%. Industry average increased by 5.3% compared to previous year.
Overall, GTI's return on assets has been volatile but showed an upward trend over the past 2 years.
Formula: ROA = Net Income / Total Assets
Good Range: Commonly 5%-15%.