Nova Wellness Group Stock Return On Asset

0201 Stock   0.44  0.01  2.33%   
Nova Wellness Group fundamentals help investors to digest information that contributes to Nova Wellness' financial success or failures. It also enables traders to predict the movement of Nova Stock. The fundamental analysis module provides a way to measure Nova Wellness' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nova Wellness stock.
  
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Nova Wellness Group Company Return On Asset Analysis

Nova Wellness' Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

 = 

Net Income

Total Assets

More About Return On Asset | All Equity Analysis
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition

Based on the latest financial disclosure, Nova Wellness Group has a Return On Asset of 0.0. This indicator is about the same for the Consumer Non-Cyclicals average (which is currently at 0.0) sector and about the same as Food & Tobacco (which currently averages 0.0) industry. This indicator is about the same for all Malaysia stocks average (which is currently at 0.0).

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Nova Fundamentals

About Nova Wellness Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Nova Wellness Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nova Wellness using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nova Wellness Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Other Information on Investing in Nova Stock

Nova Wellness financial ratios help investors to determine whether Nova Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Nova with respect to the benefits of owning Nova Wellness security.