ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. The Movie Studio's annualizedNet Income for the quarter that ended in Jun. 2023 was $0.93 Mil.
The Movie Studio's average Total Assets over the quarter that ended in Jun. 2023 was $0.01 Mil. Therefore, The Movie Studio's annualized ROA % for the quarter that ended in Jun. 2023 was 11,587.50%.
The historical rank and industry rank for The Movie Studio's ROA % or its related term are showing as below:
MVES'
s ROA % Range Over the Past 10 Years
Min: -5563.64 Med: -1589.08 Max: 11587.5
Current: 11587.5
During the past 13 years, The Movie Studio's highest ROA % was 11587.50%. The lowest was -5563.64%. And the median was -1589.08%.
MVES's ROA % is ranked better than 99.81% of 1063
companies
in the Media - Diversified industry
Industry Median: 0.85
vs MVES: 11587.50
The Movie Studio ROA % Historical Data
The historical data trend for The Movie Studio'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.
Competitive Comparison of The Movie Studio's ROA %
For the Entertainment subindustry, The Movie Studio'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.
The Movie Studio's ROA % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, The Movie Studio's ROA % distribution charts can be found below:
* The bar in red indicates where The Movie Studio's ROA % falls into.
The Movie Studio ROA % Calculation
The Movie Studio's annualized ROA % for the fiscal year that ended in Jun. 2023 is calculated as:
* 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 one times the annual (Jun. 2023) net income data.
ROA % is displayed in the 30-year financial page.
The Movie Studio (OTCPK:MVES) 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:
Note:
The Net Income data used here is one times the annual (Jun. 2023) net income data. The Revenue data used here is one times the annual (Jun. 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.
The Movie Studio ROA % Related Terms
Thank you for viewing the detailed overview of The Movie Studio's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Movie Studio (The Movie Studio) Business Description
The Movie Studio Inc is a vertically integrated media and motion picture production and distribution company. The company is the premier full production movie studio in Miami, Florida area. It develops, manufactures and distributes independent motion picture content for the global audience on a multitude of devices. The company distributes its films through its subsidiary and network of theaters.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MVES has been successfully added to your 