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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. CalEthos's annualized Net Income for the quarter that ended in Mar. 2024 was $-28.06 Mil. CalEthos's average Total Assets over the quarter that ended in Mar. 2024 was $3.08 Mil. Therefore, CalEthos's annualized ROA % for the quarter that ended in Mar. 2024 was -911.35%.
The historical rank and industry rank for CalEthos's ROA % or its related term are showing as below:
During the past 13 years, CalEthos's highest ROA % was 84.49%. The lowest was -2171.43%. And the median was -169.00%.
The historical data trend for CalEthos'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.
CalEthos Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROA % | Get a 7-Day Free Trial | -2,156.83 | -1,190.55 | -436.26 | 84.49 | -199.10 |
CalEthos Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
ROA % | Get a 7-Day Free Trial | -39.13 | -43.98 | -17.16 | -633.35 | -911.35 |
For the Information Technology Services subindustry, CalEthos'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 Software industry and Technology sector, CalEthos's ROA % distribution charts can be found below:
* The bar in red indicates where CalEthos's ROA % falls into.
CalEthos'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 ) |
= | -4.63 | / | ( (2.071 | + | 2.58) | / 2 ) | |
= | -4.63 | / | 2.3255 | ||||
= | -199.10 % |
CalEthos's annualized ROA % for the quarter that ended in Mar. 2024 is calculated as:
ROA % | = | Net Income (Q: Mar. 2024 ) | / | ( (Total Assets (Q: Dec. 2023 ) | + | Total Assets (Q: Mar. 2024 )) | / count ) |
= | -28.056 | / | ( (2.58 | + | 3.577) | / 2 ) | |
= | -28.056 | / | 3.0785 | ||||
= | -911.35 % |
* 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 (Mar. 2024) net income data. ROA % is displayed in the 30-year financial page.
CalEthos (OTCPK:BUUZ) 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: Mar. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -28.056 | / | 3.0785 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-28.056 / 0) | * | (0 / 3.0785) |
= | Net Margin % | * | Asset Turnover |
= | N/A % | * | 0 |
= | -911.35 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) 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 CalEthos's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sean Paul Fontenot | 10 percent owner | 1202 WALNUT AVENUE, LONG BEACH CA 90813 |
Hyuncheol Peter Kim | officer: Chief Technology Officer | 132 DOLCI, IRVINE CA 92602 |
Steve Shum | director | 9025 SW HILLMAN COURT, SUITE 3126, WILSONVILLE OR 97070 |
Michael Campbell | director, 10 percent owner, officer: Chief Executive Officer | 11753 WILLARD AVENUE, TUSTIN CA 92782 |
Piers Cooper | director, 10 percent owner, officer: President | 452 LAKEVIEW WAY, EMERALD HILLS CA 94062 |
M1 Advisors Llc | 10 percent owner | 11753 WILLARD AVENUE, TUSTIN CA 92782 |
Lawrence J. Selevan | 10 percent owner | C/O CHESTERFIELD FARING LTD., 415 MADISON AVENUE, NEW YORK NY 10017 |
Chesterfield Faring, Ltd. | 10 percent owner | 415 MADISON AVENUE, NEW YORK NY 10017 |
Nathan Hanks | director, 10 percent owner, officer: President and CEO | C/O REAL SOURCE, 2089 FORT UNION BLVD., SALT LAKE CITY UT 84121 |
Real Source Acquisitions Group, Llc | 10 percent owner | 2089 EAST FORT UNION BLVD, SALT LAKE CITY UT 84121 |
Michael Anderson | director, 10 percent owner, other: (Chairman of the Board) | C/O REAL SOURCE, 2089 EAST FORT UNION BLVD., SALT LAKE CITY UT 84121 |
Kelly Randall | director, officer: COO and CFO | C/O REAL SOURCE, 2089 EAST FORT UNION BLVD., SALT LAKE CITY UT 84121 |
Six Capital Ltd | 10 percent owner | MONT FLEURI, MAHE T2 0000 |
Charles El-moussa | director, 10 percent owner, officer: President Secretary Treasurer | 5100 WESTHEIMER, SUITE 200, HOUSTON TX 77056 |
Mike Mcfarland | director, 10 percent owner, officer: Pres/Sec/Treas/CEO/CFO | 71130, 198-8060 SILVER SPRING ROAD, CALGARY A0 T3B 5K2 |
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