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Coliseum Acquisition (Coliseum Acquisition) ROE % : 3.68% (As of Dec. 2023)


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What is Coliseum Acquisition ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Coliseum Acquisition's annualized net income for the quarter that ended in Dec. 2023 was $1.63 Mil. Coliseum Acquisition's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $44.26 Mil. Therefore, Coliseum Acquisition's annualized ROE % for the quarter that ended in Dec. 2023 was 3.68%.

The historical rank and industry rank for Coliseum Acquisition's ROE % or its related term are showing as below:

MITA' s ROE % Range Over the Past 10 Years
Min: 3.51   Med: 4.43   Max: 5.32
Current: 3.51

During the past 3 years, Coliseum Acquisition's highest ROE % was 5.32%. The lowest was 3.51%. And the median was 4.43%.

MITA's ROE % is ranked better than
81.93% of 548 companies
in the Diversified Financial Services industry
Industry Median: 0.66 vs MITA: 3.51

Coliseum Acquisition ROE % Historical Data

The historical data trend for Coliseum Acquisition's ROE % 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.

Coliseum Acquisition ROE % Chart

Coliseum Acquisition Annual Data
Trend Dec21 Dec22 Dec23
ROE %
- 5.32 3.54

Coliseum Acquisition Quarterly Data
Feb21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.34 1.90 5.26 4.23 3.68

Competitive Comparison of Coliseum Acquisition's ROE %

For the Shell Companies subindustry, Coliseum Acquisition's ROE %, along with its competitors' market caps and ROE % 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.


Coliseum Acquisition's ROE % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Coliseum Acquisition's ROE % distribution charts can be found below:

* The bar in red indicates where Coliseum Acquisition's ROE % falls into.



Coliseum Acquisition ROE % Calculation

Coliseum Acquisition's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=3.1/( (146.671+28.4)/ 2 )
=3.1/87.5355
=3.54 %

Coliseum Acquisition's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=1.628/( (60.126+28.4)/ 2 )
=1.628/44.263
=3.68 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity 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. ROE % is displayed in the 30-year financial page.


Coliseum Acquisition  (NAS:MITA) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=1.628/44.263
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(1.628 / 0)*(0 / 46.689)*(46.689 / 44.263)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*1.0548
=ROA %*Equity Multiplier
=N/A %*1.0548
=3.68 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=1.628/44.263
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (1.628 / 1.628) * (1.628 / -2.872) * (-2.872 / 0) * (0 / 46.689) * (46.689 / 44.263)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * -0.5669 * N/A % * 0 * 1.0548
=3.68 %

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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Coliseum Acquisition ROE % Related Terms

Thank you for viewing the detailed overview of Coliseum Acquisition's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Coliseum Acquisition (Coliseum Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
80 Pine Street, Suite 3202, New York, NY, USA, 10005
Coliseum Acquisition Corp is a blank check company.
Executives
Walter E Skowronski director 6903 ROCKLEDGE DRIVE, BETHESDA MD 20817
Roland Rapp director 27442 PORTOLA PARKWAY, SUITE 200, FOOTHILL RANCH CA 92610
Charles Wert officer: Chief Executive Officer 200 PARK AVENUE, NEW YORK NY 10166
Kenneth Rivers director C/O COLISEUM ACQUISITION CORP., 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Oanh Truong officer: Chief Financial Officer C/O COLISEUM ACQUISITION CORP., 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Harry L. You director, 10 percent owner, officer: See Remarks EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Andrew R Heyer director 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
James Lanzone director 3000 CLEARVIEW WAY, SAN MATEO CA 94402
Coliseum Acquisition Sponsor Llc 10 percent owner 80 PINE STREET SUITE 3202, NEW YORK NY 10005
Daniel Haimovic director, 10 percent owner, officer: Co-Chief Executive Officer 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Andrew Fishkoff officer: COO / General Counsel 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Jason Beren officer: Chief Financial Officer 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Romitha Mally director 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Ezra Kucharz director 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Jason W. Stein director, 10 percent owner, officer: Co-Chief Executive Officer 80 PINE STREET, SUITE 3202, NEW YORK NY 10005