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Inspire Veterinary Partners (Inspire Veterinary Partners) ROA % : -76.90% (As of Dec. 2023)


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What is Inspire Veterinary Partners ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Inspire Veterinary Partners's annualized Net Income for the quarter that ended in Dec. 2023 was $-16.57 Mil. Inspire Veterinary Partners's average Total Assets over the quarter that ended in Dec. 2023 was $21.54 Mil. Therefore, Inspire Veterinary Partners's annualized ROA % for the quarter that ended in Dec. 2023 was -76.90%.

The historical rank and industry rank for Inspire Veterinary Partners's ROA % or its related term are showing as below:

IVP' s ROA % Range Over the Past 10 Years
Min: -71.57   Med: -37.05   Max: -21.03
Current: -71.57

During the past 3 years, Inspire Veterinary Partners's highest ROA % was -21.03%. The lowest was -71.57%. And the median was -37.05%.

IVP's ROA % is ranked worse than
96.26% of 107 companies
in the Personal Services industry
Industry Median: 2.34 vs IVP: -71.57

Inspire Veterinary Partners ROA % Historical Data

The historical data trend for Inspire Veterinary Partners'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.

Inspire Veterinary Partners ROA % Chart

Inspire Veterinary Partners Annual Data
Trend Dec21 Dec22 Dec23
ROA %
-21.03 -37.05 -70.48

Inspire Veterinary Partners Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROA % Get a 7-Day Free Trial Premium Member Only -38.32 -30.60 -24.51 -152.65 -76.90

Competitive Comparison of Inspire Veterinary Partners's ROA %

For the Personal Services subindustry, Inspire Veterinary Partners'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.


Inspire Veterinary Partners's ROA % Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Inspire Veterinary Partners's ROA % distribution charts can be found below:

* The bar in red indicates where Inspire Veterinary Partners's ROA % falls into.



Inspire Veterinary Partners ROA % Calculation

Inspire Veterinary Partners'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 )
=-14.793/( (20.186+21.791)/ 2 )
=-14.793/20.9885
=-70.48 %

Inspire Veterinary Partners'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 )
=-16.568/( (21.297+21.791)/ 2 )
=-16.568/21.544
=-76.90 %

* 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.


Inspire Veterinary Partners  (NAS:IVP) 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
=-16.568/21.544
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-16.568 / 15.136)*(15.136 / 21.544)
=Net Margin %*Asset Turnover
=-109.46 %*0.7026
=-76.90 %

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.


Inspire Veterinary Partners ROA % Related Terms

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Inspire Veterinary Partners (Inspire Veterinary Partners) Business Description

Traded in Other Exchanges
N/A
Address
780 Lynnhaven Parkway, Suite 400 Virginia Beach, Virginia, Virginia Beach, VA, USA, 23452
Website
Inspire Veterinary Partners Inc owns and operates veterinary hospitals throughout the United States. The company specializes in small animal general practice hospitals which serve all manner of companion pets, emphasizing canine and feline breeds.
Executives
Alexander Lawrence director 780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Charles Stith Keiser director, officer: Chief Operating Officer 780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Erinn Thomas-mackey director 780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Kimball Carr director, officer: See Remarks 780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH, VA 23452
Peter Lau director P.O. BOX 1237, SPRINGDALE AR 72765
Anne Murphy director 780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Wilderness Trace Veterinary Partners, Llc other: See Remarks 780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Timothy Watters director 780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Suprock Louis John director 780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH VA 23452
Richard Frank officer: Chief Financial Officer 780 LYNNHAVEN PARKWAY, SUITE 400, VIRGINIA BEACH, FL 23452

Inspire Veterinary Partners (Inspire Veterinary Partners) Headlines