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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Pine Technology Acquisition's annualized Net Income for the quarter that ended in Sep. 2022 was $4.55 Mil. Pine Technology Acquisition's average Total Assets over the quarter that ended in Sep. 2022 was $347.57 Mil. Therefore, Pine Technology Acquisition's annualized ROA % for the quarter that ended in Sep. 2022 was 1.31%.
The historical rank and industry rank for Pine Technology Acquisition's ROA % or its related term are showing as below:
During the past 2 years, Pine Technology Acquisition's highest ROA % was 4.24%. The lowest was -0.96%. And the median was -0.96%.
The historical data trend for Pine Technology Acquisition'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.
Pine Technology Acquisition Annual Data | |||||
Trend | Dec20 | Dec21 | |||
ROA % | - | -0.96 |
Pine Technology Acquisition Quarterly Data | ||||||||
Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
ROA % | Get a 7-Day Free Trial | 1.63 | -9.71 | 23.36 | 2.02 | 1.31 |
For the Shell Companies subindustry, Pine Technology Acquisition'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 Diversified Financial Services industry and Financial Services sector, Pine Technology Acquisition's ROA % distribution charts can be found below:
* The bar in red indicates where Pine Technology Acquisition's ROA % falls into.
Pine Technology Acquisition's annualized ROA % for the fiscal year that ended in Dec. 2021 is calculated as:
ROA % | = | Net Income (A: Dec. 2021 ) | / | ( (Total Assets (A: Dec. 2020 ) | + | Total Assets (A: Dec. 2021 )) | / count ) |
= | -1.662 | / | ( (0.054 | + | 345.734) | / 2 ) | |
= | -1.662 | / | 172.894 | ||||
= | -0.96 % |
Pine Technology Acquisition's annualized ROA % for the quarter that ended in Sep. 2022 is calculated as:
ROA % | = | Net Income (Q: Sep. 2022 ) | / | ( (Total Assets (Q: Jun. 2022 ) | + | Total Assets (Q: Sep. 2022 )) | / count ) |
= | 4.552 | / | ( (347.075 | + | 348.072) | / 2 ) | |
= | 4.552 | / | 347.5735 | ||||
= | 1.31 % |
* 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. 2022) net income data. ROA % is displayed in the 30-year financial page.
Pine Technology Acquisition (NAS:PTOCU) 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: Sep. 2022 ) | ||
= | Net Income | / | Total Assets |
= | 4.552 | / | 347.5735 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (4.552 / 0) | * | (0 / 347.5735) |
= | Net Margin % | * | Asset Turnover |
= | N/A % | * | 0 |
= | 1.31 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) 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 Pine Technology Acquisition's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ciro M Defalco | officer: CFO, Treasurer and Secretary | C/O THE NAVIGATORS GROUP, INC., 6 INTERNATIONAL DRIVE, RYE BROOK NY 10573 |
Stone Point Capital Llc | 10 percent owner | 20 HORSENECK LANE, GREENWICH CT 06830 |
Barry D Zyskind | 10 percent owner | C/O AMTRUST FINANCIAL SERVICES, INC., 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038 |
Christopher Longo | director, officer: CEO and Director | 59 MAIDEN LANE, 6TH FLOOR, NEW YORK NY 10038 |
Adam Karkowsky | director | C/O AMTRUST FINANCIAL SERVICES INC., 59 MAIDEN LANE, 43RD FLOOR, NEW YORK NY 10038 |
Bradley Tusk | director | 251 PARK AVENUE SOUTH, 8TH FLOOR, NEW YORK NY 10010 |
Nicolas D Zerbib | director | JAMES RIVER GROUP, INC., 1414 RALEIGH ROAD, SUITE 415, CHAPEL HILL NC 27517 |
Trident Vii, L.p. | 10 percent owner | STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830 |
Trident Vii Parallel Fund, L.p. | 10 percent owner | STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830 |
Pine Technology Sponsor Llc | director, 10 percent owner | C/O PINE TECHNOLOGY ACQUISITION CORP., 260 LENA DRIVE, AURORA OH 44202 |
Trident Pine Acquisition Lp | 10 percent owner | C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830 |
John Eric Smith | director | 260 LENA DRIVE, AURORA OH 44202 |
Peel Acquisition Co Ii, Llc | 10 percent owner | C/O PINE TECHNOLOGY ACQUISITION CORP., 260 LENA DRIVE, AURORA OH 44202 |
Trident Pine Gp, Llc | 10 percent owner | C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830 |
Trident Capital Vii, L.p. | 10 percent owner | C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830 |
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