Quicksilver Resources (FRA:QSR) ROA % : -94.76% (As of Sep. 2015)

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

What is Quicksilver Resources ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Quicksilver Resources's annualized Net Income for the quarter that ended in Sep. 2015 was €-656.5 Mil. Quicksilver Resources's average Total Assets over the quarter that ended in Sep. 2015 was €692.8 Mil. Therefore, Quicksilver Resources's annualized ROA % for the quarter that ended in Sep. 2015 was -94.76%.

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

FRA:QSR' s ROA % Range Over the Past 10 Years
Min: -87.5 Med: 4.2 Max: 20.58
Current: -49.16

During the past 13 years, Quicksilver Resources's highest ROA % was 20.58%. The lowest was -87.50%. And the median was 4.20%.

FRA:QSR's ROA % is not ranked
in the Oil & Gas industry.
Industry Median: 2.59 vs FRA:QSR: -49.16

Quicksilver Resources ROA % Historical Data

The historical data trend for Quicksilver Resources'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.

Quicksilver Resources ROA % Chart

Quicksilver Resources Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

ROA %

Get a 7-Day Free Trial

13.12

2.40

-87.67

11.49

-8.43

Quicksilver Resources Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15
ROA %	Get a 7-Day Free Trial															8.36	-10.52	-43.02	-68.31	-94.76

Competitive Comparison of Quicksilver Resources's ROA %

For the Oil & Gas E&P subindustry, Quicksilver Resources'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.

Quicksilver Resources's ROA % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Quicksilver Resources's ROA % distribution charts can be found below:

* The bar in red indicates where Quicksilver Resources's ROA % falls into.

Quicksilver Resources ROA % Calculation

Quicksilver Resources's annualized ROA % for the fiscal year that ended in Dec. 2014 is calculated as:

ROA %	=	Net Income (A: Dec. 2014 )	/	( (Total Assets (A: Dec. 2013 )	+	Total Assets (A: Dec. 2014 ))	/ count )
	=	-83.614	/	( (999.9	+	984.799)	/ 2 )
	=	-83.614	/	992.3495
	=	-8.43 %

Quicksilver Resources's annualized ROA % for the quarter that ended in Sep. 2015 is calculated as:

ROA %	=	Net Income (Q: Sep. 2015 )	/	( (Total Assets (Q: Jun. 2015 )	+	Total Assets (Q: Sep. 2015 ))	/ count )
	=	-656.532	/	( (790.019	+	595.601)	/ 2 )
	=	-656.532	/	692.81
	=	-94.76 %

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. 2015) net income data. ROA % is displayed in the 30-year financial page.

Quicksilver Resources (FRA:QSR) 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. 2015 )
=	Net Income	/	Total Assets
=	-656.532	/	692.81
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(-656.532 / 210.228)	*	(210.228 / 692.81)
=	Net Margin %	*	Asset Turnover
=	-312.3 %	*	0.3034
=	-94.76 %

Note: The Net Income data used here is four times the quarterly (Sep. 2015) net income data. The Revenue data used here is four times the quarterly (Sep. 2015) revenue data.

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.

Quicksilver Resources ROA % Related Terms

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

Quicksilver Resources (FRA:QSR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Quicksilver Resources Inc (FRA:QSR) » Definitions » ROA %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.qrinc.com

Quicksilver Resources Inc was organized as a Delaware corporation in 1997 and became a public company in 1999. It is an independent oil and gas company engaged in the acquisition, exploration, development and production of onshore oil and natural gas in North America and are based in Fort Worth, Texas. The Company focuses on unconventional reservoirs where hydrocarbons may be found in challenging geological conditions, such as fractured shales and coalbeds. Its producing oil and natural gas properties in the United States are principally located in Texas and in Canada in Alberta and British Columbia. Its three core development areas include: Barnett Shale; Horn River; and Horseshoe Canyon. Additionally, It has an oil exploration opportunity in the Delaware basin in western Texas. The Company competes for acquisitions of prospective oil and natural gas properties and oil and gas reserves. Its oil and natural gas operations are focused onshore in North America, in basins containing unconventional reservoirs with predictable, long-lived production. Its current production and development operations are concentrated in its three core areas: the Barnett Shale, Horn River and Horseshoe Canyon. The Company compete for acquisitions of prospective oil and natural gas properties and oil and natural gas reserves. It also compete for drilling rigs and equipment used to drill for and produce oil and natural gas. The Company is subject to a number of federal, state, provincial and local laws and regulations, whose purpose is to protect the health and safety of workers, both generally and within Its industry.