SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'ROA'
NYCB (New York Community Bancorp) ROA %
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. New York Community Bancorp's annualizedNet Income for the quarter that ended in Dec. 2023 was $-10,820 Mil.
New York Community Bancorp's average Total Assets over the quarter that ended in Dec. 2023 was $112,644 Mil. Therefore, New York Community Bancorp's annualized ROA % for the quarter that ended in Dec. 2023 was -9.61%.
The historical rank and industry rank for New York Community Bancorp's ROA % or its related term are showing as below:
NYCB'
s ROA % Range Over the Past 10 Years
Min: -0.1 Med: 0.9 Max: 1.03
Current: -0.07
During the past 13 years, New York Community Bancorp's highest ROA % was 1.03%. The lowest was -0.10%. And the median was 0.90%.
NYCB's ROA % is ranked worse than 95.16% of 1468
companies
in the Banks industry
Industry Median: 0.92
vs NYCB: -0.07
New York Community Bancorp ROA % Historical Data
The historical data trend for New York Community Bancorp's ROA % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
New York Community Bancorp Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
ROA %
0.75
0.93
1.03
0.87
-0.08
New York Community Bancorp Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
ROA %
0.90
7.50
1.36
0.72
-9.61
Competitive Comparison
For the Banks - Regional subindustry, New York Community Bancorp's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
New York Community Bancorp ROA % Distribution
For the Banks industry and Financial Services sector, New York Community Bancorp's ROA % distribution charts can be found below:
* The bar in red indicates where New York Community Bancorp's ROA % falls into.
New York Community Bancorp ROA % Calculation
New York Community Bancorp's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Dec. 2023) net income data.
ROA % is displayed in the 30-year financial page.
New York Community Bancorp (NYSE:NYCB) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
New York Community Bancorp ROA % Related Terms
Thank you for viewing the detailed overview of New York Community Bancorp's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
New York Community Bancorp (New York Community Bancorp) Business Description
New York Community Bancorp Inc is the bank holding company. It is a New York State-chartered savings bank that operates through eight local divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio, and AmTrust Bank in Florida and Arizona. The bank compete for depositors in diverse markets with a comprehensive menu of products and services, and access to multiple service channels, including online banking, mobile banking, and banking by phone. It is also a producer of multi-family loans in New York City.
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