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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Correlate Energy's annualized Net Income for the quarter that ended in Dec. 2023 was $-17.70 Mil. Correlate Energy's average Total Assets over the quarter that ended in Dec. 2023 was $5.15 Mil. Therefore, Correlate Energy's annualized ROA % for the quarter that ended in Dec. 2023 was -343.49%.
The historical rank and industry rank for Correlate Energy's ROA % or its related term are showing as below:
During the past 13 years, Correlate Energy's highest ROA % was -5.56%. The lowest was -385.73%. And the median was -32.25%.
The historical data trend for Correlate 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.
Correlate Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROA % | Get a 7-Day Free Trial | -5.56 | -350.48 | -11.74 | -385.73 | -375.12 |
Correlate Energy 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 | -343.61 | -549.89 | -189.32 | -279.93 | -343.49 |
For the Engineering & Construction subindustry, Correlate 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.
For the Construction industry and Industrials sector, Correlate Energy's ROA % distribution charts can be found below:
* The bar in red indicates where Correlate Energy's ROA % falls into.
Correlate Energy'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 ) |
= | -12.788 | / | ( (2.257 | + | 4.561) | / 2 ) | |
= | -12.788 | / | 3.409 | ||||
= | -375.12 % |
Correlate Energy'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 ) |
= | -17.7 | / | ( (5.745 | + | 4.561) | / 2 ) | |
= | -17.7 | / | 5.153 | ||||
= | -343.49 % |
* 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 (Dec. 2023) net income data. ROA % is displayed in the 30-year financial page.
Correlate Energy (OTCPK:CIPI) 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 |
= | -17.7 | / | 5.153 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-17.7 / 9.696) | * | (9.696 / 5.153) |
= | Net Margin % | * | Asset Turnover |
= | -182.55 % | * | 1.8816 |
= | -343.49 % |
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 Correlate Energy's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Eli Albrecht | director | 176 S. CAPITOL BLVD., 2ND FLOOR, BOISE ID 83702 |
Channing F. Chen | officer: Chief Financial Officer | 25 ARUNDEL RD, BURLINGAME CA 94010 |
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Matthew C Flemming | director | 18614 RESICA FALLS, HOUSTON TX 77094 |
Jason Loyet | director | 205 DEMONBREUN STREET, 1801, NASHVILLE TN 37201 |
Todd Robert Michaels | director, officer: CEO and President | 3212 S. EAGLE BROOK LANE, EAGLE ID 83616 |
Hunt Cory Gerald | director | 939 MAYDEL PALMER VISTA NORTH, LETHBRIDGE A0 T1H7B7 |
Newton W. Dorsett | 10 percent owner | 220 TRAVIS STREET, SUITE 501, SHREVEPORT LA 71101 |
Tim Burroughs | officer: President, CEO | 2717 SUN MEADOW DR, FLOWER MOUND TX 75022 |
Daniel R Robinson | director | 190 COYOTE COURT, ARGYLE TX 76226 |
Donald R Lawhorne | director | 2435 NORTH CENTRAL EXPRESSWAY, SUITE 200, RICHARDSON TX 75080 |
Kenneth Conte | officer: Chief Financial Officer | 12222 MERIT DRIVE, SUITE 1850, DALLAS TX 75251 |
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Sherri Cecotti | officer: Vice President | 3030 LBJ FREEWAY, SUITE 1320, DALLAS TX 75234 |
Bernard O'donnell | director | 3505 WOODHAVEN DRIVE, DALLAS TX 75234 |
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