GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Athena Technology Acquisition Corp II (AMEX:ATEK) » Definitions » ROA %

Athena Technology Acquisition II (Athena Technology Acquisition II) ROA % : -8.49% (As of Sep. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Athena Technology Acquisition II ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Athena Technology Acquisition II's annualized Net Income for the quarter that ended in Sep. 2023 was $-2.19 Mil. Athena Technology Acquisition II's average Total Assets over the quarter that ended in Sep. 2023 was $25.83 Mil. Therefore, Athena Technology Acquisition II's annualized ROA % for the quarter that ended in Sep. 2023 was -8.49%.

The historical rank and industry rank for Athena Technology Acquisition II's ROA % or its related term are showing as below:

ATEK' s ROA % Range Over the Past 10 Years
Min: 0.56   Med: 0.56   Max: 1.49
Current: 1.49

During the past 2 years, Athena Technology Acquisition II's highest ROA % was 1.49%. The lowest was 0.56%. And the median was 0.56%.

ATEK's ROA % is ranked better than
68.22% of 623 companies
in the Diversified Financial Services industry
Industry Median: -0.46 vs ATEK: 1.49

Athena Technology Acquisition II ROA % Historical Data

The historical data trend for Athena Technology Acquisition II'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.

Athena Technology Acquisition II ROA % Chart

Athena Technology Acquisition II Annual Data
Trend Dec21 Dec22
ROA %
- 0.56

Athena Technology Acquisition II Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROA % Get a 7-Day Free Trial Premium Member Only 0.90 1.90 2.61 0.27 -8.49

Competitive Comparison of Athena Technology Acquisition II's ROA %

For the Shell Companies subindustry, Athena Technology Acquisition II'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.


Athena Technology Acquisition II's ROA % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Athena Technology Acquisition II's ROA % distribution charts can be found below:

* The bar in red indicates where Athena Technology Acquisition II's ROA % falls into.



Athena Technology Acquisition II ROA % Calculation

Athena Technology Acquisition II'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 )
=1.454/( (258.435+260.691)/ 2 )
=1.454/259.563
=0.56 %

Athena Technology Acquisition II's annualized ROA % for the quarter that ended in Sep. 2023 is calculated as:

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-2.192/( (25.611+26.049)/ 2 )
=-2.192/25.83
=-8.49 %

* 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 (Sep. 2023) net income data. ROA % is displayed in the 30-year financial page.


Athena Technology Acquisition II  (AMEX:ATEK) 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: Sep. 2023 )
=Net Income/Total Assets
=-2.192/25.83
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-2.192 / 0)*(0 / 25.83)
=Net Margin %*Asset Turnover
=N/A %*0
=-8.49 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


Athena Technology Acquisition II ROA % Related Terms

Thank you for viewing the detailed overview of Athena Technology Acquisition II's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Athena Technology Acquisition II (Athena Technology Acquisition II) Business Description

Traded in Other Exchanges
N/A
Address
442 5th Avenue, New York, NY, USA, 10018
Athena Technology Acquisition Corp II is a blank check company.
Executives
Trier Bryant director 2220 WESTCREEK LN 1404, HOUSTON TX 77027
Judith Rodin director C/O UNIVERSITY OF PENNSYLVANIA, 100 COLLEGE HALL, PHILADELPHIA PA 19104-6380
Sharon Brown-hruska director C/O MARKETAXESS HOLDINGS INC., 299 PARK AVENUE, NEW YORK NY 10171
Randi Zuckerberg director 394 PACIFIC AVE., SUITE 2, SAN FRANCISCO CA 94111
Kirthiga Reddy officer: President C/O PEAR THERAPEUTICS, INC., 200 STATE STREET, 13TH FLOOR, BOSTON MA 02109
Isabelle D. Freidheim director, 10 percent owner, officer: Chief Executive Officer 125 TOWNPARK DRIVE, SUITE 300, KENNESAW GA 30144
Athena Technology Sponsor Ii, Llc 10 percent owner 442 5TH AVENUE, NEW YORK NY 10018
Anna Apostolova officer: Chief Financial Officer C/O ATHENA TECHNOLOGY ACQUISITION CORP., 442 5TH AVENUE, NEW YORK NY 10018