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Allied Gold (TSX:AAUC) ROA % : -2.42% (As of Mar. 2024)


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What is Allied Gold ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Allied Gold's annualized Net Income for the quarter that ended in Mar. 2024 was C$-30.8 Mil. Allied Gold's average Total Assets over the quarter that ended in Mar. 2024 was C$1,271.5 Mil. Therefore, Allied Gold's annualized ROA % for the quarter that ended in Mar. 2024 was -2.42%.

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

TSX:AAUC' s ROA % Range Over the Past 10 Years
Min: -25.68   Med: -13.41   Max: -1.13
Current: -22.45

During the past 2 years, Allied Gold's highest ROA % was -1.13%. The lowest was -25.68%. And the median was -13.41%.

TSX:AAUC's ROA % is ranked worse than
57.53% of 2703 companies
in the Metals & Mining industry
Industry Median: -14.8 vs TSX:AAUC: -22.45

Allied Gold ROA % Historical Data

The historical data trend for Allied Gold'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.

Allied Gold ROA % Chart

Allied Gold Annual Data
Trend Dec22 Dec23
ROA %
-1.13 -25.68

Allied Gold Quarterly Data
Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
ROA % Get a 7-Day Free Trial -6.87 -12.49 -84.71 2.31 -2.42

Competitive Comparison of Allied Gold's ROA %

For the Gold subindustry, Allied Gold'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.


Allied Gold's ROA % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Allied Gold's ROA % distribution charts can be found below:

* The bar in red indicates where Allied Gold's ROA % falls into.



Allied Gold ROA % Calculation

Allied Gold'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 )
=-279.699/( (895.249+1282.953)/ 2 )
=-279.699/1089.101
=-25.68 %

Allied Gold'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 )
=-30.78/( (1282.953+1259.97)/ 2 )
=-30.78/1271.4615
=-2.42 %

* 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.


Allied Gold  (TSX:AAUC) 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: Mar. 2024 )
=Net Income/Total Assets
=-30.78/1271.4615
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-30.78 / 947.884)*(947.884 / 1271.4615)
=Net Margin %*Asset Turnover
=-3.25 %*0.7455
=-2.42 %

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.


Allied Gold ROA % Related Terms

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Allied Gold (TSX:AAUC) Business Description

Traded in Other Exchanges
Address
40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Pacific Centre, Toronto, ON, CAN, M5H 0B4
Website
Allied Gold Corp is a company focused on gold mining asset transformation in Africa. Allied has three mines and several development and exploration projects in Africa where it has significant operating experience. Operations are located in Cote d'Ivoire, Mali, Ethiopia and Egypt. The company aspires to become a mid-tier next-generation gold producer in Africa.
Executives
Gerardo Fernandez-tobar Senior Officer

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