GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » VIP Entertainment Technologies Inc (TSXV:VIP) » Definitions » ROA %

VIP Entertainment Technologies (TSXV:VIP) ROA % : -197.38% (As of Dec. 2023)


View and export this data going back to 2020. Start your Free Trial

What is VIP Entertainment Technologies ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. VIP Entertainment Technologies's annualized Net Income for the quarter that ended in Dec. 2023 was C$-0.38 Mil. VIP Entertainment Technologies's average Total Assets over the quarter that ended in Dec. 2023 was C$0.19 Mil. Therefore, VIP Entertainment Technologies's annualized ROA % for the quarter that ended in Dec. 2023 was -197.38%.

The historical rank and industry rank for VIP Entertainment Technologies's ROA % or its related term are showing as below:

TSXV:VIP' s ROA % Range Over the Past 10 Years
Min: -1082.05   Med: -33.4   Max: -23.57
Current: -550.22

During the past 5 years, VIP Entertainment Technologies's highest ROA % was -23.57%. The lowest was -1082.05%. And the median was -33.40%.

TSXV:VIP's ROA % is ranked worse than
99.76% of 834 companies
in the Travel & Leisure industry
Industry Median: 2.285 vs TSXV:VIP: -550.22

VIP Entertainment Technologies ROA % Historical Data

The historical data trend for VIP Entertainment Technologies'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.

VIP Entertainment Technologies ROA % Chart

VIP Entertainment Technologies Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Dec23
ROA %
- -30.88 -23.57 -35.92 -1,082.05

VIP Entertainment Technologies Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,364.02 -331.06 -881.05 -741.24 -197.38

Competitive Comparison of VIP Entertainment Technologies's ROA %

For the Gambling subindustry, VIP Entertainment Technologies'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.


VIP Entertainment Technologies's ROA % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, VIP Entertainment Technologies's ROA % distribution charts can be found below:

* The bar in red indicates where VIP Entertainment Technologies's ROA % falls into.



VIP Entertainment Technologies ROA % Calculation

VIP Entertainment Technologies's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Mar. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=-1.899/( (0.195+0.156)/ 2 )
=-1.899/0.1755
=-1,082.05 %

VIP Entertainment Technologies'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 )
=-0.376/( (0.225+0.156)/ 2 )
=-0.376/0.1905
=-197.38 %

* 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.


VIP Entertainment Technologies  (TSXV:VIP) 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
=-0.376/0.1905
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-0.376 / 0.028)*(0.028 / 0.1905)
=Net Margin %*Asset Turnover
=-1342.86 %*0.147
=-197.38 %

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.


VIP Entertainment Technologies ROA % Related Terms

Thank you for viewing the detailed overview of VIP Entertainment Technologies's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


VIP Entertainment Technologies (TSXV:VIP) Business Description

Traded in Other Exchanges
Address
500 - 4th Avenue SW, Suite 3200, Calgary, AB, CAN, T2P 2V6
VIP Entertainment Technologies Inc is an entertainment and gaming company offering legal real-money betting on sports, casinos, poker, and esports events in online environments. The Company's principal business activity is the development of online poker and other sports betting products. It delivers sports betting, casino games, and poker through its VIP Bets platform.

VIP Entertainment Technologies (TSXV:VIP) Headlines

No Headlines