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Cascadia Minerals (Cascadia Minerals) ROA % : -146.97% (As of Dec. 2023)


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What is Cascadia Minerals ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Cascadia Minerals's annualized Net Income for the quarter that ended in Dec. 2023 was $-3.20 Mil. Cascadia Minerals's average Total Assets over the quarter that ended in Dec. 2023 was $2.18 Mil. Therefore, Cascadia Minerals's annualized ROA % for the quarter that ended in Dec. 2023 was -146.97%.

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

CAMNF' s ROA % Range Over the Past 10 Years
Min: -341.63   Med: -329.6   Max: -148.69
Current: -148.69

During the past 2 years, Cascadia Minerals's highest ROA % was -148.69%. The lowest was -341.63%. And the median was -329.60%.

CAMNF's ROA % is ranked worse than
90.67% of 2701 companies
in the Metals & Mining industry
Industry Median: -14.8 vs CAMNF: -148.69

Cascadia Minerals ROA % Historical Data

The historical data trend for Cascadia Minerals'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.

Cascadia Minerals ROA % Chart

Cascadia Minerals Annual Data
Trend Dec22 Dec23
ROA %
-342.06 -318.33

Cascadia Minerals Quarterly Data
Sep22 Dec22 Jun23 Sep23 Dec23
ROA % - -153.44 - -230.96 -146.97

Competitive Comparison of Cascadia Minerals's ROA %

For the Other Precious Metals & Mining subindustry, Cascadia Minerals'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.


Cascadia Minerals's ROA % Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Cascadia Minerals's ROA % falls into.



Cascadia Minerals ROA % Calculation

Cascadia Minerals'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 )
=-3.274/( (0.378+1.679)/ 2 )
=-3.274/1.0285
=-318.33 %

Cascadia Minerals'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 )
=-3.204/( (2.681+1.679)/ 2 )
=-3.204/2.18
=-146.97 %

* 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.


Cascadia Minerals  (OTCPK:CAMNF) 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
=-3.204/2.18
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-3.204 / 0)*(0 / 2.18)
=Net Margin %*Asset Turnover
=N/A %*0
=-146.97 %

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.


Cascadia Minerals ROA % Related Terms

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Cascadia Minerals (Cascadia Minerals) Business Description

Traded in Other Exchanges
Address
409 Granville Street, Suite 1500, Vancouver, BC, CAN, V6C 1T2
Cascadia Minerals Ltd is a new Canadian exploration company focused on exploring for copper and gold in Yukon and British Columbia. The company is planning a maiden drill program at its flagship Catch Property this summer, targeting high-grade copper and gold mineralization.

Cascadia Minerals (Cascadia Minerals) Headlines

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