What is the Return on Assets (ROA) of Tongling Jingda Special Magnet Wire Co this year?
The Return on Assets (ROA) of Tongling Jingda Special Magnet Wire Co is 0.04 undefined this year.
Tongling Jingda Special Magnet Wire Co ROA 2024
Tongling Jingda Special Magnet Wire Co ROA
0.04
Ticker
600577.SS
ISIN
CNE000001CG7
In 2024, Tongling Jingda Special Magnet Wire Co's return on assets (ROA) was 0.04, a 7.35% increase from the 0.04 ROA in the previous year.
Tongling Jingda Special Magnet Wire Co Aktienanalyse
What does Tongling Jingda Special Magnet Wire Co do?
Tongling Jingda Special Magnet Wire Co ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding Tongling Jingda Special Magnet Wire Co's Return on Assets (ROA)
Tongling Jingda Special Magnet Wire Co's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.
Year-to-Year Comparison
Comparing Tongling Jingda Special Magnet Wire Co's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.
Impact on Investments
Investors consider Tongling Jingda Special Magnet Wire Co's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.
Interpreting ROA Fluctuations
Variations in Tongling Jingda Special Magnet Wire Co’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.
Frequently Asked Questions about Tongling Jingda Special Magnet Wire Co stock
What was the ROA of Tongling Jingda Special Magnet Wire Co compared to the previous year?
The ROA of Tongling Jingda Special Magnet Wire Co has increased by 7.35% compared to the previous year.
What consequences do high ROA have for investors of Tongling Jingda Special Magnet Wire Co?
A high ROA is advantageous for investors of Tongling Jingda Special Magnet Wire Co, as it indicates that the company efficiently utilizes its assets and generates good profits.
What are the consequences of low ROA for investors in Tongling Jingda Special Magnet Wire Co?
A low ROA can be unfavorable for investors of Tongling Jingda Special Magnet Wire Co as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.
How does an increase in the ROA of Tongling Jingda Special Magnet Wire Co affect the company?
An increase in ROA of Tongling Jingda Special Magnet Wire Co can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of Tongling Jingda Special Magnet Wire Co impact the company?
A reduction in the ROA of Tongling Jingda Special Magnet Wire Co can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of Tongling Jingda Special Magnet Wire Co?
Some factors that can influence the ROA of Tongling Jingda Special Magnet Wire Co include revenue, operating costs, asset structure, and industry average.
Why is the ROA of Tongling Jingda Special Magnet Wire Co important for investors?
The ROA of Tongling Jingda Special Magnet Wire Co is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.
What strategic measures can Tongling Jingda Special Magnet Wire Co take to improve ROA?
To improve ROA, Tongling Jingda Special Magnet Wire Co can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.
How much dividend does Tongling Jingda Special Magnet Wire Co pay?
Over the past 12 months, Tongling Jingda Special Magnet Wire Co paid a dividend of 0.12 CNY . This corresponds to a dividend yield of about 3.22 %. For the coming 12 months, Tongling Jingda Special Magnet Wire Co is expected to pay a dividend of 0.13 CNY.
What is the dividend yield of Tongling Jingda Special Magnet Wire Co?
The current dividend yield of Tongling Jingda Special Magnet Wire Co is 3.22 %.
When does Tongling Jingda Special Magnet Wire Co pay dividends?
Tongling Jingda Special Magnet Wire Co pays a quarterly dividend. This is distributed in the months of May, June, June, May.
How secure is the dividend of Tongling Jingda Special Magnet Wire Co?
Tongling Jingda Special Magnet Wire Co paid dividends every year for the past 15 years.
What is the dividend of Tongling Jingda Special Magnet Wire Co?
For the upcoming 12 months, dividends amounting to 0.13 CNY are expected. This corresponds to a dividend yield of 3.41 %.
In which sector is Tongling Jingda Special Magnet Wire Co located?
Tongling Jingda Special Magnet Wire Co is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Tongling Jingda Special Magnet Wire Co kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Tongling Jingda Special Magnet Wire Co from 4/26/2024 amounting to 0.13 CNY, you needed to have the stock in your portfolio before the ex-date on 4/26/2024.
When did Tongling Jingda Special Magnet Wire Co pay the last dividend?
The last dividend was paid out on 4/26/2024.
What was the dividend of Tongling Jingda Special Magnet Wire Co in the year 2023?
In the year 2023, Tongling Jingda Special Magnet Wire Co distributed 0.03 CNY as dividends.
In which currency does Tongling Jingda Special Magnet Wire Co pay out the dividend?
The dividends of Tongling Jingda Special Magnet Wire Co are distributed in CNY.
Stock savings plans offer an attractive way for investors to build wealth over the long term. One of the main advantages is the so-called cost-average effect: by regularly investing a fixed amount in stocks or stock funds, you automatically buy more shares when prices are low, and fewer when they are high. This can lead to a more favorable average price per share over time. In addition, stock savings plans allow small investors access to expensive stocks, as they can participate with small amounts. Regular investment also promotes a disciplined investment strategy and helps to avoid emotional decisions, such as impulsive buying or selling. Furthermore, investors benefit from the potential appreciation of the stocks as well as from dividend distributions, which can be reinvested, enhancing the compounding effect and thus the growth of the invested capital.
Andere Kennzahlen von Tongling Jingda Special Magnet Wire Co
Our stock analysis for Tongling Jingda Special Magnet Wire Co Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Tongling Jingda Special Magnet Wire Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
- Tongling Jingda Special Magnet Wire Co Revenue
- Tongling Jingda Special Magnet Wire Co Net Income
- Tongling Jingda Special Magnet Wire Co P/E
- Tongling Jingda Special Magnet Wire Co P/S
- Tongling Jingda Special Magnet Wire Co EBIT
- Tongling Jingda Special Magnet Wire Co Dividend
- Tongling Jingda Special Magnet Wire Co Stocks
- Tongling Jingda Special Magnet Wire Co Market capitalization
- Tongling Jingda Special Magnet Wire Co Debt
- Tongling Jingda Special Magnet Wire Co Liabilities
- Tongling Jingda Special Magnet Wire Co Equity
- Tongling Jingda Special Magnet Wire Co AAQS
- Tongling Jingda Special Magnet Wire Co Employees
- Tongling Jingda Special Magnet Wire Co ROE
- Tongling Jingda Special Magnet Wire Co ROA
- Tongling Jingda Special Magnet Wire Co ROCE