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Xinxing Ductile Iron Pipes Co - Stock

Xinxing Ductile Iron Pipes Co ROA 2024

Xinxing Ductile Iron Pipes Co ROA

0.02

Ticker

000778.SZ

ISIN

CNE000000QG9

In 2024, Xinxing Ductile Iron Pipes Co's return on assets (ROA) was 0.02, a -18.84% increase from the 0.03 ROA in the previous year.

Xinxing Ductile Iron Pipes Co Aktienanalyse

What does Xinxing Ductile Iron Pipes Co do?

The Xinxing Ductile Iron Pipes Co Ltd is a Chinese company specialized in the production of cast iron pipes, and since its establishment in 1997, it has become one of the leading providers in this field. The company's history began in the Hebei province, where its founders started manufacturing cast iron pipes according to European standards. With the growing success of the company, it soon became possible to expand production on a large scale and export to other regions of China and abroad. Today, Xinxing Ductile Iron Pipes Co Ltd is an internationally active company with branches in Europe, North America, and Asia. Their business model is to manufacture and distribute high-quality and durable cast iron pipes for various applications, as well as offer innovative solutions and services in the field of water and wastewater management. The company's product range includes cast iron pipes in various sizes and lengths, as well as fittings and valves made of cast iron. These are used in both water supply and wastewater treatment. The company also addresses the growing demand for renewable energies by producing pipe systems for the wind and solar energy industries. Xinxing Ductile Iron Pipes Co Ltd relies on state-of-the-art technologies in production and continuously invests in research and development. The company places high demands on the quality and reliability of its products, subjecting them to rigorous internal control. In addition to manufacturing standard cast iron pipes, Xinxing Ductile Iron Pipes Co Ltd also offers customized solutions tailored to the needs of its customers. With its wide knowledge and extensive experience, the company can advise and support customers in selecting the appropriate pipe systems, as well as in planning and implementing projects in the water and wastewater sector. As a company that sets high standards for itself and its products, Xinxing Ductile Iron Pipes Co Ltd is also committed to environmental protection and actively promotes sustainable solutions in the water and wastewater sector. The company focuses on efficient use of resources and waste reduction. Overall, Xinxing Ductile Iron Pipes Co Ltd offers a wide range of high-quality cast iron pipes and services tailored to the needs of customers in various industries. With its long history and commitment to high-quality standards, the company has become a reliable and innovative partner in the field of water and wastewater technology. Xinxing Ductile Iron Pipes Co ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Xinxing Ductile Iron Pipes Co's Return on Assets (ROA)

Xinxing Ductile Iron Pipes 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 Xinxing Ductile Iron Pipes 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 Xinxing Ductile Iron Pipes 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 Xinxing Ductile Iron Pipes 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 Xinxing Ductile Iron Pipes Co Stock

What is the Return on Assets (ROA) of Xinxing Ductile Iron Pipes Co this year?

The Return on Assets (ROA) of Xinxing Ductile Iron Pipes Co is 0.02 undefined this year.

What was the ROA of Xinxing Ductile Iron Pipes Co compared to the previous year?

The ROA of Xinxing Ductile Iron Pipes Co has increased by -18.84% compared to the previous year.

What consequences do high ROA have for investors of Xinxing Ductile Iron Pipes Co?

A high ROA is advantageous for investors of Xinxing Ductile Iron Pipes 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 Xinxing Ductile Iron Pipes Co?

A low ROA can be unfavorable for investors of Xinxing Ductile Iron Pipes 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 Xinxing Ductile Iron Pipes Co affect the company?

An increase in ROA of Xinxing Ductile Iron Pipes Co can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Xinxing Ductile Iron Pipes Co impact the company?

A reduction in the ROA of Xinxing Ductile Iron Pipes Co can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Xinxing Ductile Iron Pipes Co?

Some factors that can influence the ROA of Xinxing Ductile Iron Pipes Co include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Xinxing Ductile Iron Pipes Co important for investors?

The ROA of Xinxing Ductile Iron Pipes 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 Xinxing Ductile Iron Pipes Co take to improve ROA?

To improve ROA, Xinxing Ductile Iron Pipes 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 Xinxing Ductile Iron Pipes Co pay?

Over the past 12 months, Xinxing Ductile Iron Pipes Co paid a dividend of 0.13 CNY . This corresponds to a dividend yield of about 3.69 %. For the coming 12 months, Xinxing Ductile Iron Pipes Co is expected to pay a dividend of 0.14 CNY.

What is the dividend yield of Xinxing Ductile Iron Pipes Co?

The current dividend yield of Xinxing Ductile Iron Pipes Co is 3.69 %.

When does Xinxing Ductile Iron Pipes Co pay dividends?

Xinxing Ductile Iron Pipes Co pays a quarterly dividend. This is distributed in the months of August, July, August, August.

How secure is the dividend of Xinxing Ductile Iron Pipes Co?

Xinxing Ductile Iron Pipes Co paid dividends every year for the past 17 years.

What is the dividend of Xinxing Ductile Iron Pipes Co?

For the upcoming 12 months, dividends amounting to 0.14 CNY are expected. This corresponds to a dividend yield of 3.86 %.

In which sector is Xinxing Ductile Iron Pipes Co located?

Xinxing Ductile Iron Pipes Co is assigned to the 'Commodities' sector.

Wann musste ich die Aktien von Xinxing Ductile Iron Pipes Co kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Xinxing Ductile Iron Pipes Co from 7/7/2023 amounting to 0.13 CNY, you needed to have the stock in your portfolio before the ex-date on 7/7/2023.

When did Xinxing Ductile Iron Pipes Co pay the last dividend?

The last dividend was paid out on 7/7/2023.

What was the dividend of Xinxing Ductile Iron Pipes Co in the year 2023?

In the year 2023, Xinxing Ductile Iron Pipes Co distributed 0.15 CNY as dividends.

In which currency does Xinxing Ductile Iron Pipes Co pay out the dividend?

The dividends of Xinxing Ductile Iron Pipes Co are distributed in CNY.

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Andere Kennzahlen von Xinxing Ductile Iron Pipes Co

Our stock analysis for Xinxing Ductile Iron Pipes 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 Xinxing Ductile Iron Pipes Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.