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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. ALX Oncology Holdings's annualized Net Income for the quarter that ended in Dec. 2023 was $-181.89 Mil. ALX Oncology Holdings's average Total Assets over the quarter that ended in Dec. 2023 was $231.33 Mil. Therefore, ALX Oncology Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was -78.63%.
The historical rank and industry rank for ALX Oncology Holdings's ROA % or its related term are showing as below:
During the past 6 years, ALX Oncology Holdings's highest ROA % was -20.45%. The lowest was -176.22%. And the median was -47.28%.
The historical data trend for ALX Oncology 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.
ALX Oncology Holdings Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
ROA % | Get a 7-Day Free Trial | -176.22 | -20.48 | -20.45 | -35.97 | -58.58 |
ALX Oncology Holdings Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROA % | Get a 7-Day Free Trial | -39.36 | -41.30 | -52.14 | -87.53 | -78.63 |
For the Biotechnology subindustry, ALX Oncology 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 Biotechnology industry and Healthcare sector, ALX Oncology Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where ALX Oncology Holdings's ROA % falls into.
ALX Oncology Holdings'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 ) |
= | -160.805 | / | ( (306.489 | + | 242.553) | / 2 ) | |
= | -160.805 | / | 274.521 | ||||
= | -58.58 % |
ALX Oncology Holdings'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 ) |
= | -181.888 | / | ( (220.107 | + | 242.553) | / 2 ) | |
= | -181.888 | / | 231.33 | ||||
= | -78.63 % |
* 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.
ALX Oncology Holdings (NAS:ALXO) 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. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -181.888 | / | 231.33 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-181.888 / 0) | * | (0 / 231.33) |
= | Net Margin % | * | Asset Turnover |
= | N/A % | * | 0 |
= | -78.63 % |
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.
Thank you for viewing the detailed overview of ALX Oncology Holdings's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Shelly Pinto | officer: VP, Finance and CAO | 866 MALCOLM ROAD, SUITE 100, BURLINGAME CA 94010 |
Peter S Garcia | officer: Chief Financial Officer | ALX ONCOLOGY HOLDINGS INC., 866 MALCOLM ROAD, SUITE 100, BURLINGAME CA 94010 |
Sophia Randolph | officer: Chief Medical Officer | C/O ALX ONCOLOGY HOLDINGS INC., 866 MALCOLM ROAD, SUITE 100, BURLINGAME CA 94010 |
Jaume Pons | director, officer: President and CEO | C/O ALX ONCOLOGY HOLDINGS INC., 866 MALCOLM ROAD, SUITE 100, BURLINGAME CA 94010 |
J. Scott Garland | director | 210 EAST GRAND AVE., SOUTH SAN FRANCISCO CA 94080 |
Itziar Canamasas | director | C/O ALX ONCOLOGY HOLDINGS INC, 323 ALLERTON AVENUE, SOUTH SAN FRANCISCO CA 94080 |
Jason Lettmann | director, 10 percent owner | C/O RA PHARMACEUTICALS, INC., 87 CAMBRIDGEPARK DRIVE, CAMBRIDGE MA 02140 |
Lsv Associates, Llc | 10 percent owner | 2884 SAND HILL ROAD, SUITE 121, MENLO PARK CA 94025 |
G. Walmsley Graham | director | ONE SANSOME STREET, SUITE 1650, SAN FRANCISCO CA 94104 |
Goodman Corey S | director, 10 percent owner, other: Executive Chairman | 1700 OWENS STREET, SUITE 595, SAN FRANCISCO CA 94158 |
Rekha Hemrajani | director | 3928 POINT EDEN WAY, HAYWARD CA 94545 |
Venbio Global Strategic Fund, L.p. | 10 percent owner, other: See Remarks | 1700 OWENS STREET, SUITE 595, SAN FRANCISCO CA 94158 |
Vivo Opportunity Fund, L.p. | 10 percent owner | 192 LYTTON AVENUE, PALO ALTO CA 94301 |
Vivo Opportunity, Llc | 10 percent owner | 192 LYTTON AVENUE, PALO ALTO CA 94301 |
Steffen Pietzke | officer: VP Fin & Chief Acct Officer | C/O ENOVIX CORPORATION, 3501 W. WARREN AVENUE, FREMONT CA 94538 |
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