Thorn Group

Thorn Group ROA

Delisted

The Return on Assets (ROA) of Thorn Group (TGA.AX) as of Nov 4, 2026 is 1.45 %. In the previous year, Return on Assets (ROA) was 17.79 % — a change of -91.86% (lower).

ROA

1.45 %

YoY

-91.86%

Last updated:

In 2023, Thorn Group's return on assets (ROA) was 1.45 %, a -91.86% increase from the 17.79 % ROA in the previous year.

The Thorn Group ROA history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROA
Date
ROA
Jan 1, 2016
4.10 AUD
Jan 1, 2017
4.64 AUD
Jan 1, 2018
-0.41 AUD
Jan 1, 2019
-2.93 AUD
Jan 1, 2020
-17.88 AUD
Jan 1, 2021
2.91 AUD
Jan 1, 2022
17.79 AUD
Jan 1, 2023
1.45 AUD
The Thorn Group ROA history
YEARROAYoY
1.45 %-91.86%
17.79 %+511.81%
2.91 %-116.26%
-17.88 %+509.63%
-2.93 %+617.95%
-0.41 %-108.81%
4.64 %+13.10%
4.10 %-45.27%
7.49 %—

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Thorn Group Stock analysis

What does Thorn Group do? Thorn Group Ltd is an Australian company that was founded in 1937. Since then, it has become one of the leading providers of financial and rental services in Australia. The company's origins lie in the sale of small appliances such as radios and televisions, sold to customers on installment plans. Over time, Thorn also expanded into other areas such as furniture and appliance rentals. Today, Thorn Rentals and its associated brand name Radio Rentals are just part of Thorn's wide range of services. The company also operates Thorn Finance, Thorn Trade and Asset Finance, and National Credit Management Ltd. Thorn's business model primarily involves offering financial and rental services to customers in Australia and New Zealand. These services range from financing consumer goods to renting furniture and household appliances. In its rental business, Thorn offers a wide range of furniture and appliances that customers can rent on a long-term basis. This rental business allows customers to use or own products that they otherwise could not afford. In the field of financial services, Thorn offers various credit options. For example, customers can purchase electronic devices on installment plans or apply for a loan to finance a car. In addition, the company also offers trade finance and leasing services that allow customers to conduct their businesses in a legally secure manner. One important division of Thorn is the Asset Finance sector. Here, the company provides tailored commercial leasing solutions to meet its customers' needs. This division specifically targets small to medium-sized businesses and the agriculture sector. Thorn is headquartered in Sydney, Australia, and has been listed on the Australian stock exchange since 2006. The company employs approximately 1,000 people and operates more than 70 branches in Australia and New Zealand. The products offered by Thorn include household appliances such as refrigerators, washing machines, and dryers, as well as entertainment electronics such as televisions, hi-fi systems, and computers. In addition, Thorn also offers furniture, including beds, sofas, and dining room furniture. In the automotive sector, Thorn offers a wide range of financing solutions, including car loans and leasing options. Additionally, the company also provides warranties and insurance policies that offer customers a high level of protection. Overall, Thorn Group Ltd has established itself as one of the leading companies in Australia and New Zealand in the finance and rental sectors. With a wide range of services and a strong focus on meeting the needs of its customers, the company will remain an important player in the Australian market in the future. Thorn Group is one of the most popular companies on Eulerpool.

ROA Details

Understanding Thorn Group's Return on Assets (ROA)

Thorn Group'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 Thorn Group'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 Thorn Group'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 Thorn Group’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 Thorn Group stock

Return on Assets (ROA) of Thorn Group is 1.45 % in 2023.

Return on Assets (ROA) of Thorn Group changed from 17.79 % to 1.45 %, representing a -91.86% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Return on Assets (ROA) Thorn Group 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 Thorn Group 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 — Thorn Group

All Key Metrics — Thorn Group