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Star Holdings (Star Holdings) ROA % : 41.55% (As of Dec. 2023)


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What is Star Holdings ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Star Holdings's annualized Net Income for the quarter that ended in Dec. 2023 was $264.5 Mil. Star Holdings's average Total Assets over the quarter that ended in Dec. 2023 was $636.7 Mil. Therefore, Star Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 41.55%.

The historical rank and industry rank for Star Holdings's ROA % or its related term are showing as below:

STHO' s ROA % Range Over the Past 10 Years
Min: -25.87   Med: -13.54   Max: -3.62
Current: -25.87

During the past 3 years, Star Holdings's highest ROA % was -3.62%. The lowest was -25.87%. And the median was -13.54%.

STHO's ROA % is ranked worse than
97.48% of 1829 companies
in the Real Estate industry
Industry Median: 1.16 vs STHO: -25.87

Star Holdings ROA % Historical Data

The historical data trend for Star Holdings'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.

Star Holdings ROA % Chart

Star Holdings Annual Data
Trend Dec21 Dec22 Dec23
ROA %
- -3.62 -23.45

Star Holdings Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROA % Get a 7-Day Free Trial Premium Member Only -12.91 -39.91 -47.49 -50.09 41.55

Competitive Comparison of Star Holdings's ROA %

For the Real Estate Services subindustry, Star Holdings'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.


Star Holdings's ROA % Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Star Holdings's ROA % distribution charts can be found below:

* The bar in red indicates where Star Holdings's ROA % falls into.



Star Holdings ROA % Calculation

Star Holdings'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 )
=-196.356/( (1005.371+669.197)/ 2 )
=-196.356/837.284
=-23.45 %

Star Holdings'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 )
=264.536/( (604.268+669.197)/ 2 )
=264.536/636.7325
=41.55 %

* 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.


Star Holdings  (NAS:STHO) 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
=264.536/636.7325
=(Net Income / Revenue)*(Revenue / Total Assets)
=(264.536 / 199.108)*(199.108 / 636.7325)
=Net Margin %*Asset Turnover
=132.86 %*0.3127
=41.55 %

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.


Star Holdings ROA % Related Terms

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Star Holdings (Star Holdings) Business Description

Traded in Other Exchanges
Address
1114 Avenue of the Americas,, 39th Floor, New York, NY, USA, 10036
Star Holdings engages in non-ground lease-related businesses, including real estate finance, operating properties, and land and development. Its portfolio is comprised primarily of its interests in Asbury and Magnolia Green residential development projects, a portfolio of commercial real estate properties, and loans that are being marketed for sale. It focuses on realizing value for shareholders from the legacy portfolio primarily by maximizing cash flows through active asset management and asset sales.
Executives
Brett Asnas officer: Chief Financial Officer C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Garett Rosenblum officer: CHIEF ACCOUNTING OFFICER C/O ISTAR, 1114 AVENUE OF THE AMERICAS, FL. 39, NEW YORK NY 10036
Marcos Alvarado officer: Vice President 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Richard J Lieb director, other: Member of Board of Trustees C/O GREENHILL & CO., INC.,, 300 PARK AVENUE, NEW YORK NY 10022
Clifford Desouza director, other: Member of Board of Trustees C/O ISTAR, 1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036
Nina Matis director, other: Member of Board of Trustees 1114 AVENUE OF THE AMERICAS, 12TH FL, NEW YORK NY 10036
Jay Sugarman director, officer: President, other: Member of Board of Trustees 24301 WALDEN CENTER DR, BONITA SPRINGS FL 34134
Istar Inc. 10 percent owner 1114 AVENUE OF THE AMERICAS, 39TH FLOOR, NEW YORK NY 10036

Star Holdings (Star Holdings) Headlines

From GuruFocus

Star Holdings Reports First Quarter 2023 Results

By PRNewswire PRNewswire 05-11-2023