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ABCO Energy (ABCO Energy) ROA % : 25.92% (As of Dec. 2022)


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What is ABCO Energy ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. ABCO Energy's annualized Net Income for the quarter that ended in Dec. 2022 was $0.29 Mil. ABCO Energy's average Total Assets over the quarter that ended in Dec. 2022 was $1.11 Mil. Therefore, ABCO Energy's annualized ROA % for the quarter that ended in Dec. 2022 was 25.92%.

The historical rank and industry rank for ABCO Energy's ROA % or its related term are showing as below:

ABCE's ROA % is not ranked *
in the Semiconductors industry.
Industry Median: 2.49
* Ranked among companies with meaningful ROA % only.

ABCO Energy ROA % Historical Data

The historical data trend for ABCO Energy'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.

ABCO Energy ROA % Chart

ABCO Energy Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -218.06 -229.78 -67.52 -85.64 -18.47

ABCO Energy 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -262.10 -149.77 14.41 -12.08 25.92

Competitive Comparison of ABCO Energy's ROA %

For the Solar subindustry, ABCO Energy'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.


ABCO Energy's ROA % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, ABCO Energy's ROA % distribution charts can be found below:

* The bar in red indicates where ABCO Energy's ROA % falls into.



ABCO Energy ROA % Calculation

ABCO Energy'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 )
=-0.173/( (0.746+1.127)/ 2 )
=-0.173/0.9365
=-18.47 %

ABCO Energy'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 )
=0.288/( (1.095+1.127)/ 2 )
=0.288/1.111
=25.92 %

* 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.


ABCO Energy  (OTCPK:ABCE) 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 bank’s 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
=0.288/1.111
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.288 / 2.776)*(2.776 / 1.111)
=Net Margin %*Asset Turnover
=10.37 %*2.4986
=25.92 %

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.


ABCO Energy ROA % Related Terms

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ABCO Energy (ABCO Energy) Business Description

Traded in Other Exchanges
N/A
Address
2505 N. Alvernon Way, Tucson, AZ, USA, 85712
ABCO Energy Inc is engaged in is in the Photo Voltaic (PV) solar systems industry, the LED and energy-efficient commercial lighting business and is an electrical product and services supplier. It sells and installs Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by its crews and are purchased from both USA and offshore manufacturers. It has available and utilizes many suppliers of US-manufactured solar products from such companies as Mia Soleil, Canadian Solar, Westinghouse Solar and various Italian, Korean, German and Chinese suppliers. It offers solar leasing and long-term financing programs that are offered to ABCO customers and other marketing and installation organizations.
Executives
Charles Kristofer O'dowd director, officer: President & CEO 6610 E. GHOST FLOWER, TUCSON AZ 85750
Wayne Marx director, officer: Secretary 7700 KNIGHTHOOD LANE, WILLIAMS AZ 86046