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Ault Disruptive Technologies (Ault Disruptive Technologies) ROA % : -43.15% (As of Dec. 2023)


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What is Ault Disruptive Technologies ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Ault Disruptive Technologies's annualized Net Income for the quarter that ended in Dec. 2023 was $-1.04 Mil. Ault Disruptive Technologies's average Total Assets over the quarter that ended in Dec. 2023 was $2.42 Mil. Therefore, Ault Disruptive Technologies's annualized ROA % for the quarter that ended in Dec. 2023 was -43.15%.

The historical rank and industry rank for Ault Disruptive Technologies's ROA % or its related term are showing as below:

ADRT' s ROA % Range Over the Past 10 Years
Min: -0.11   Med: 0.64   Max: 1.7
Current: 1.7

During the past 3 years, Ault Disruptive Technologies's highest ROA % was 1.70%. The lowest was -0.11%. And the median was 0.64%.

ADRT's ROA % is ranked better than
71.08% of 619 companies
in the Diversified Financial Services industry
Industry Median: -0.48 vs ADRT: 1.70

Ault Disruptive Technologies ROA % Historical Data

The historical data trend for Ault Disruptive Technologies'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.

Ault Disruptive Technologies ROA % Chart

Ault Disruptive Technologies Annual Data
Trend Dec21 Dec22 Dec23
ROA %
- -0.11 1.38

Ault Disruptive Technologies Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.49 1.87 3.43 2.25 -43.15

Competitive Comparison of Ault Disruptive Technologies's ROA %

For the Shell Companies subindustry, Ault Disruptive Technologies'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.


Ault Disruptive Technologies's ROA % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Ault Disruptive Technologies's ROA % distribution charts can be found below:

* The bar in red indicates where Ault Disruptive Technologies's ROA % falls into.



Ault Disruptive Technologies ROA % Calculation

Ault Disruptive Technologies's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=0.835/( (118.829+2.374)/ 2 )
=0.835/60.6015
=1.38 %

Ault Disruptive Technologies's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-1.044/( (2.465+2.374)/ 2 )
=-1.044/2.4195
=-43.15 %

* 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.


Ault Disruptive Technologies  (AMEX:ADRT) 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. 2023 )
=Net Income/Total Assets
=-1.044/2.4195
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.044 / 0)*(0 / 2.4195)
=Net Margin %*Asset Turnover
=N/A %*0
=-43.15 %

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.


Ault Disruptive Technologies ROA % Related Terms

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Ault Disruptive Technologies (Ault Disruptive Technologies) Business Description

Traded in Other Exchanges
N/A
Address
11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV, USA, 89141
Ault Disruptive Technologies Corp is a blank check company.
Executives
Ault Milton C Iii director 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Robert O Smith director DIGITAL POWER CORPORATION, 41920 CHRISTY STREET, FREMONT CA 94538
William B. Horne director, officer: Chief Executive Officer C/O AULT ALLIANCE, INC., 940 SOUTH COAST DRIVE, SUITE 200, COSTA MESA CA 92626
Jeffrey Allen Bentz director 107 E BONITA WAY, TEMPE AZ 85281
Henry Carl Nisser director, officer: President and General Counsel 100 PARK AVENUE, SUITE 1658A, NEW YORK NY 10017
Kenneth S Cragun officer: Chief Financial Officer 3775 CHIPPEWA CIRCLE, CORONA CA 92881
David J Katzoff officer: Vice President - Finance 201 SHIPYARD WAY, NEWPORT BEACH CA 92663
Mark Gustafson director 10691 ROSECROFT CRESCENT, RICHMOND A1 V7A 2H9
Ault Disruptive Technologies Company, Llc 10 percent owner 11411 SOUTHERN HIGHLANDS PKWY, SUITE 240, LAS VEGAS NV 89141
Mark Christian Nelson director C/O AULT DISRUPTIVE TECHNOLOGIES CORP, 11411 SOUTHERN HIGHLANDS, PKWY 240, LAS VEGAS NV 89141

Ault Disruptive Technologies (Ault Disruptive Technologies) Headlines