Novoray

Novoray ROA

The Return on Assets (ROA) of Novoray (688300.SS) as of Oct 28, 2026 is 12.95 %. In the previous year, Return on Assets (ROA) was 12.75 % — a change of 1.56% (higher).

ROA

12.95 %

YoY

1.56%

Last updated:

In 2025, Novoray's return on assets (ROA) was 12.95 %, a 1.56% increase from the 12.75 % ROA in the previous year.

The Novoray ROA history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROA
Date
ROA
Jan 1, 2018
14.11 CNY
Jan 1, 2019
7.30 CNY
Jan 1, 2020
10.15 CNY
Jan 1, 2021
13.25 CNY
Jan 1, 2022
12.24 CNY
Jan 1, 2023
9.92 CNY
Jan 1, 2024
12.75 CNY
Jan 1, 2025
12.95 CNY
The Novoray ROA history
YEARROAYoY
12.95 %+1.56%
12.75 %+28.56%
9.92 %-19.00%
12.24 %-7.59%
13.25 %+30.49%
10.15 %+39.14%
7.30 %-48.28%
14.11 %+1.21%
13.94 %+4.06%
13.40 %+44.17%
9.29 %-12.91%
10.67 %—

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Novoray Stock analysis

What does Novoray do? Novoray Corp. generates revenue through the research, development, and sale of silica powder materials. The company produces micron-level and sub-micron-level angular powders, micron-level spherical inorganic powders processed by flame fusion, sub-micron-level spherical particles using high-temperature oxidation and liquid phase methods, ultrafine particles with surface treatment, functional particles, and slurry products. These products are sold to industries requiring epoxy molding materials (EMC), liquid molding materials (LMC), underfill materials, copper clad laminates (CCL), laminated adhesive films, thermal interface materials (TIM), and adhesives for new energy vehicle batteries and solar photovoltaic cells. The primary customers include manufacturers of electronic components and materials for the semiconductor and renewable energy sectors. The firm's product portfolio targets specific applications in chip packaging, electronic circuits, and thermal management solutions. Customers in the semiconductor industry purchase EMC, LMC, and Underfill materials, while those in renewable energy sources utilize TIM and structural adhesives for solar cells. The company's focus on specialized silica powders for high-performance materials ensures steady demand from technology-driven markets. Novoray Corp. serves industrial segments where precision and material performance are critical, such as semiconductor manufacturing and renewable energy production. Its products enable enhanced thermal conductivity and structural integrity in electronic devices and energy systems. By addressing niche requirements in these sectors, the company secures contracts with established manufacturers in both electronics and clean energy fields. Novoray is one of the most popular companies on Eulerpool.

ROA Details

Understanding Novoray's Return on Assets (ROA)

Novoray'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 Novoray'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 Novoray'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 Novoray’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 Novoray stock

Return on Assets (ROA) of Novoray is 12.95 % in 2025.

Return on Assets (ROA) of Novoray changed from 12.75 % to 12.95 %, representing a 1.56% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Return on Assets (ROA) Novoray since 2006 – with annual values, charts, and detailed analysis.

Return on Assets, also known as ROA, is a financial metric used to measure a company's profitability. It is used to determine how effectively a company uses its assets to generate profits. It is also referred to as the ratio of net income to total assets. ROA is an important indicator of a company's overall financial performance as it measures the company's ability to generate more profit from the assets it employs.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Assets (ROA)'s Novoray with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Assets (ROA)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Assets (ROA).

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Profitability — Novoray

All Key Metrics — Novoray