As of June 16, 2025, New Momentum Corp (NNAX) reports a ROA (Return on Assets) of -158.33%.
ROA (Return on Assets) evaluates how effectively a company turns its assets into profits, showcasing resource utilization.
Historical Trend of New Momentum Corp's ROA (Return on Assets)
Over recent years, New Momentum Corp's ROA (Return on Assets) has shown a stable trend. The table below summarizes the historical values:
| Date | ROA (Return on Assets) |
|---|---|
| 2024-12-31 | -158.33% |
| 2023-12-31 | -158.33% |
| 2022-12-31 | -362.50% |
| 2021-12-31 | -5187.50% |
| 2020-12-31 | -166.67% |
This slight downward trend highlights how New Momentum Corp manages its efficiency in using assets to generate earnings over time.
Comparing New Momentum Corp's ROA (Return on Assets) to Peers
To better understand New Momentum Corp's position, it's useful to compare its ROA (Return on Assets) against industry peers. Below are selected comparisons:
| Company | ROA (Return on Assets) |
|---|---|
| New Momentum Corp (NNAX) | -158.33% |
| Ranger Oil Corp (ROCC) | 10.81% |
| MFS High Yield Municipal Trust (CMU) | 8.02% |
| Greenrose Holding Company Inc (GNRS) | 7.50% |
| First Trust New Opportunities MLP & Energy Fund (FPL) | 6.22% |
| Ellsworth Growth and Income Fund Ltd (ECF) | 3.80% |
Compared to its competitors, New Momentum Corp's ROA (Return on Assets) is among the lowest compared to peers, suggesting potential inefficiency in asset utilization.