What is the Return on Assets (ROA) of Tongwei Co this year?
The Return on Assets (ROA) of Tongwei Co is 0.08 undefined this year.
Tongwei Co ROA 2024
Tongwei Co ROA
0.08
Ticker
600438.SS
ISIN
CNE000001GS3
In 2024, Tongwei Co's return on assets (ROA) was 0.08, a -53.38% increase from the 0.18 ROA in the previous year.
Tongwei Co Aktienanalyse
What does Tongwei Co do?
Tongwei Co. Ltd is a Chinese company that was founded in 1984. It is now a leader in the production of solar cells and animal feed. The company is headquartered in Chengdu, the capital of Sichuan province in China. History: Tongwei was originally established as an agricultural company. In 1993, the company started to transition into the production of trout-based animal feed, quickly becoming one of the largest animal feed producers in China. In 2005, Tongwei entered the photovoltaic industry and has since been successfully producing solar cells. Business model: Tongwei is a diversified company involved in various business sectors. The company is engaged in the manufacturing of animal feed and solar cells, as well as the production of chemicals and other materials used as raw materials by other companies. Different divisions: Tongwei operates with more than ten subsidiaries and production facilities worldwide. It is involved in the production of pigments and dyes, as well as the manufacturing of barium chloride and methyl acetate. Additionally, the company also produces carbon and aluminum foils. Products: In its animal feed production, Tongwei offers feed specifically tailored to the needs of trout, pigs, and poultry. Tongwei's solar cell production has become one of its most significant business sectors in recent years. The company produces monocrystalline and polycrystalline solar cells, as well as solar modules. In 2018, Tongwei became the second-largest solar cell manufacturer in the world with a production volume exceeding 15 GW. Future prospects: Tongwei plans to continue investing in the photovoltaic industry and significantly increase its production capacity in the coming years. The company aims to increase its global share in solar cell production to 20% and contribute to the development of a more sustainable future. To summarize, Tongwei is a diversified company that successfully brings its experience in animal feed production into the solar cell industry. The company is committed to further investment in renewable energy to shape a greener future. Only the answer in the output. Tongwei Co ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding Tongwei Co's Return on Assets (ROA)
Tongwei 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 Tongwei 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 Tongwei 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 Tongwei 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 Tongwei Co stock
What was the ROA of Tongwei Co compared to the previous year?
The ROA of Tongwei Co has increased by -53.38% compared to the previous year.
What consequences do high ROA have for investors of Tongwei Co?
A high ROA is advantageous for investors of Tongwei 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 Tongwei Co?
A low ROA can be unfavorable for investors of Tongwei 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 Tongwei Co affect the company?
An increase in ROA of Tongwei Co can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of Tongwei Co impact the company?
A reduction in the ROA of Tongwei Co can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of Tongwei Co?
Some factors that can influence the ROA of Tongwei Co include revenue, operating costs, asset structure, and industry average.
Why is the ROA of Tongwei Co important for investors?
The ROA of Tongwei 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 Tongwei Co take to improve ROA?
To improve ROA, Tongwei 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 Tongwei Co pay?
Over the past 12 months, Tongwei Co paid a dividend of 2.86 CNY . This corresponds to a dividend yield of about 9.61 %. For the coming 12 months, Tongwei Co is expected to pay a dividend of 3.87 CNY.
What is the dividend yield of Tongwei Co?
The current dividend yield of Tongwei Co is 9.61 %.
When does Tongwei Co pay dividends?
Tongwei Co pays a quarterly dividend. This is distributed in the months of June, June, June, July.
How secure is the dividend of Tongwei Co?
Tongwei Co paid dividends every year for the past 17 years.
What is the dividend of Tongwei Co?
For the upcoming 12 months, dividends amounting to 3.87 CNY are expected. This corresponds to a dividend yield of 13.01 %.
In which sector is Tongwei Co located?
Tongwei Co is assigned to the 'Non-cyclical consumption' sector.
Wann musste ich die Aktien von Tongwei Co kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Tongwei Co from 6/14/2024 amounting to 0.905 CNY, you needed to have the stock in your portfolio before the ex-date on 6/14/2024.
When did Tongwei Co pay the last dividend?
The last dividend was paid out on 6/14/2024.
What was the dividend of Tongwei Co in the year 2023?
In the year 2023, Tongwei Co distributed 0.912 CNY as dividends.
In which currency does Tongwei Co pay out the dividend?
The dividends of Tongwei Co are distributed in CNY.
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Andere Kennzahlen von Tongwei Co
Our stock analysis for Tongwei 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 Tongwei Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.