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Top Glove Corporation Bhd Stock

Top Glove Corporation Bhd ROA 2024

Top Glove Corporation Bhd ROA

-0.13

Ticker

TOPGLOV.KL

ISIN

MYL7113OO003

WKN

358038

In 2024, Top Glove Corporation Bhd's return on assets (ROA) was -0.13, a -571.47% increase from the 0.03 ROA in the previous year.

Top Glove Corporation Bhd Aktienanalyse

What does Top Glove Corporation Bhd do?

The Top Glove Corporation Bhd is a Malaysian company specializing in the production of gloves. It was founded in 1991 by Tan Sri Lim Wee Chai and is headquartered in Klang, Selangor. Since its inception, Top Glove has become a leading manufacturer of medical and industrial gloves and is now the world's largest glove manufacturer. The business model of Top Glove is based on the production and sale of gloves. The company is divided into two main segments: Medical gloves and industrial gloves. Medical gloves include disposable gloves used in hospitals, pharmacies, and other medical facilities. Industrial gloves are mainly used in manufacturing, food processing, and other industries. Top Glove's product range includes latex gloves, nitrile gloves, and vinyl gloves in various sizes and colors. Top Glove is divided into three main regions: Malaysia, Thailand, and China. The company operates seventeen factories in Malaysia, five in Thailand, and two in China. It also has sales offices in the USA and Europe. With a production capacity of over 70 billion gloves per year, Top Glove is the largest manufacturer of medical and industrial gloves worldwide. The history of Top Glove began in 1991 with the founding of Top Glove Sdn Bhd in Malaysia. The company established its first factory in Klang, Selangor, and started producing latex gloves. In 1993, Top Glove acquired the brand "Top Glove," which is now globally recognized. In the following years, the company opened more factories and expanded its product range to include nitrile gloves and vinyl gloves. In 2000, Top Glove was listed on the Malaysian stock exchange, and in 2001, the company opened its first factory in Thailand. In 2006, Top Glove acquired a factory in China, and in 2009, the company opened its first sales office in the USA. In the following years, the company continued to expand and open new factories in Malaysia, Thailand, and China. In 2020, Top Glove gained even more attention due to the COVID-19 pandemic, as it is one of the main suppliers of gloves to the medical sector. However, the company has also faced criticism for past allegations of human rights violations against its foreign workers. Overall, Top Glove is a significant player in the market for medical and industrial gloves. The company has an impressive success story and is well positioned to continue playing a leading role in the industry. Top Glove Corporation Bhd ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Top Glove Corporation Bhd's Return on Assets (ROA)

Top Glove Corporation Bhd'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 Top Glove Corporation Bhd'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 Top Glove Corporation Bhd'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 Top Glove Corporation Bhd’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 Top Glove Corporation Bhd stock

What is the Return on Assets (ROA) of Top Glove Corporation Bhd this year?

The Return on Assets (ROA) of Top Glove Corporation Bhd is -0.13 undefined this year.

What was the ROA of Top Glove Corporation Bhd compared to the previous year?

The ROA of Top Glove Corporation Bhd has increased by -571.47% compared to the previous year.

What consequences do high ROA have for investors of Top Glove Corporation Bhd?

A high ROA is advantageous for investors of Top Glove Corporation Bhd, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Top Glove Corporation Bhd?

A low ROA can be unfavorable for investors of Top Glove Corporation Bhd 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 Top Glove Corporation Bhd affect the company?

An increase in ROA of Top Glove Corporation Bhd can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Top Glove Corporation Bhd impact the company?

A reduction in the ROA of Top Glove Corporation Bhd can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Top Glove Corporation Bhd?

Some factors that can influence the ROA of Top Glove Corporation Bhd include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Top Glove Corporation Bhd important for investors?

The ROA of Top Glove Corporation Bhd 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 Top Glove Corporation Bhd take to improve ROA?

To improve ROA, Top Glove Corporation Bhd 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 Top Glove Corporation Bhd pay?

Over the past 12 months, Top Glove Corporation Bhd paid a dividend of 0.33 MYR . This corresponds to a dividend yield of about 29.21 %. For the coming 12 months, Top Glove Corporation Bhd is expected to pay a dividend of 0.01 MYR.

What is the dividend yield of Top Glove Corporation Bhd?

The current dividend yield of Top Glove Corporation Bhd is 29.21 %.

When does Top Glove Corporation Bhd pay dividends?

Top Glove Corporation Bhd pays a quarterly dividend. This is distributed in the months of April, July, November, January.

How secure is the dividend of Top Glove Corporation Bhd?

Top Glove Corporation Bhd paid dividends every year for the past 3 years.

What is the dividend of Top Glove Corporation Bhd?

For the upcoming 12 months, dividends amounting to 0.01 MYR are expected. This corresponds to a dividend yield of 1.25 %.

In which sector is Top Glove Corporation Bhd located?

Top Glove Corporation Bhd is assigned to the 'Health' sector.

Wann musste ich die Aktien von Top Glove Corporation Bhd kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Top Glove Corporation Bhd from 1/10/2022 amounting to 0.012 MYR, you needed to have the stock in your portfolio before the ex-date on 12/24/2021.

When did Top Glove Corporation Bhd pay the last dividend?

The last dividend was paid out on 1/10/2022.

What was the dividend of Top Glove Corporation Bhd in the year 2023?

In the year 2023, Top Glove Corporation Bhd distributed 0 MYR as dividends.

In which currency does Top Glove Corporation Bhd pay out the dividend?

The dividends of Top Glove Corporation Bhd are distributed in MYR.

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Andere Kennzahlen von Top Glove Corporation Bhd

Our stock analysis for Top Glove Corporation Bhd 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 Top Glove Corporation Bhd Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.