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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Atlas Air Worldwide Holdings's annualized Net Income for the quarter that ended in Dec. 2022 was $504 Mil. Atlas Air Worldwide Holdings's average Total Assets over the quarter that ended in Dec. 2022 was $6,470 Mil. Therefore, Atlas Air Worldwide Holdings's annualized ROA % for the quarter that ended in Dec. 2022 was 7.79%.
The historical rank and industry rank for Atlas Air Worldwide Holdings's ROA % or its related term are showing as below:
The historical data trend for Atlas Air Worldwide Holdings'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.
Atlas Air Worldwide Holdings Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
ROA % | Get a 7-Day Free Trial | 5.16 | -5.37 | 6.31 | 7.91 | 5.42 |
Atlas Air Worldwide Holdings Quarterly Data | ||||||||||||||||||||
Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
ROA % | Get a 7-Day Free Trial | 11.13 | 5.10 | 5.59 | 3.83 | 7.79 |
For the Airports & Air Services subindustry, Atlas Air Worldwide Holdings'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.
For the Transportation industry and Industrials sector, Atlas Air Worldwide Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Atlas Air Worldwide Holdings's ROA % falls into.
Atlas Air Worldwide Holdings's annualized ROA % for the fiscal year that ended in Dec. 2022 is calculated as:
ROA % | = | Net Income (A: Dec. 2022 ) | / | ( (Total Assets (A: Dec. 2021 ) | + | Total Assets (A: Dec. 2022 )) | / count ) |
= | 355.88 | / | ( (6443.243 | + | 6696.316) | / 2 ) | |
= | 355.88 | / | 6569.7795 | ||||
= | 5.42 % |
Atlas Air Worldwide Holdings's annualized ROA % for the quarter that ended in Dec. 2022 is calculated as:
ROA % | = | Net Income (Q: Dec. 2022 ) | / | ( (Total Assets (Q: Sep. 2022 ) | + | Total Assets (Q: Dec. 2022 )) | / count ) |
= | 504.044 | / | ( (6242.731 | + | 6696.316) | / 2 ) | |
= | 504.044 | / | 6469.5235 | ||||
= | 7.79 % |
* 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. 2022) net income data. ROA % is displayed in the 30-year financial page.
Atlas Air Worldwide Holdings (NAS:AAWW) 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:
ROA % | (Q: Dec. 2022 ) | ||
= | Net Income | / | Total Assets |
= | 504.044 | / | 6469.5235 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (504.044 / 4829.692) | * | (4829.692 / 6469.5235) |
= | Net Margin % | * | Asset Turnover |
= | 10.44 % | * | 0.7465 |
= | 7.79 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) 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.
Thank you for viewing the detailed overview of Atlas Air Worldwide Holdings's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
John W Dietrich | officer: SVP/Gen Cnsl/Secretary, other: Chf. HR Off | |
Walter G Borst | director | 2701 NAVISTAR DRIVE, LISLE IL 60532 |
Raymond L. Conner | director | ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188 |
George Willis | director | 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328 |
Adam Richard Kokas | officer: Sr. V.P., Gen. Counsel & Secy. | C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
Michael Steen | officer: SVP & Chief Marketing Officer | 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
John K Wulff | director | C/O HERCULES INC, 1313 NORTH MARKET STREET, WILMINGTON DE 19894-0001 |
Keith H. Mayer | officer: Vice President & Controller | ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
Duncan J. Mcnabb | director | C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
Sheila A Stamps | director | C/O CIT GROUP, 1 CIT DRIVE, ATTN: GENERAL COUNSEL, LIVINGSTON NJ 07039 |
James Anthony Forbes | officer: EVP & COO | C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
Carol J Zierhoffer | director | 100 NORTH POINT CENTER EAST, SUITE 200, ALPHARETTA GA 30022 |
Beverly K. Goulet, | director | 10990 ROE AVENUE, OVERLAND PARK KS 66211 |
William J Flynn | director, officer: Pres. & CEO | C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
Spencer Schwartz | officer: Vice President & Controller | C/O ATLAS AIR WORLDWIDE HOLDINGS, INC., 2000 WESTCHESTER AVENUE, PURCHASE NY 10577 |
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