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RJF (Raymond James Financial) ROA % : 2.43% (As of Jun. 2024)


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What is Raymond James Financial ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Raymond James Financial's annualized Net Income for the quarter that ended in Jun. 2024 was $1,968 Mil. Raymond James Financial's average Total Assets over the quarter that ended in Jun. 2024 was $80,930 Mil. Therefore, Raymond James Financial's annualized ROA % for the quarter that ended in Jun. 2024 was 2.43%.

The historical rank and industry rank for Raymond James Financial's ROA % or its related term are showing as below:

RJF' s ROA % Range Over the Past 10 Years
Min: 1.83   Med: 2.09   Max: 2.71
Current: 2.56

During the past 13 years, Raymond James Financial's highest ROA % was 2.71%. The lowest was 1.83%. And the median was 2.09%.

RJF's ROA % is ranked worse than
58.49% of 1708 companies
in the Asset Management industry
Industry Median: 3.775 vs RJF: 2.56

Raymond James Financial ROA % Historical Data

The historical data trend for Raymond James Financial'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.

Raymond James Financial ROA % Chart

Raymond James Financial Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.90 2.57 2.11 2.18 2.56

Raymond James Financial Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 2.23 2.51 2.36 2.43 2.94

Competitive Comparison of Raymond James Financial's ROA %

For the Asset Management subindustry, Raymond James Financial'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.


Raymond James Financial's ROA % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Raymond James Financial's ROA % distribution charts can be found below:

* The bar in red indicates where Raymond James Financial's ROA % falls into.



Raymond James Financial ROA % Calculation

Raymond James Financial's annualized ROA % for the fiscal year that ended in Sep. 2023 is calculated as:

ROA %=Net Income (A: Sep. 2023 )/( (Total Assets (A: Sep. 2022 )+Total Assets (A: Sep. 2023 ))/ count )
=1739/( (80951+78360)/ 2 )
=1739/79655.5
=2.18 %

Raymond James Financial's annualized ROA % for the quarter that ended in Jun. 2024 is calculated as:

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Mar. 2024 )+Total Assets (Q: Jun. 2024 ))/ count )
=1968/( (81232+80628)/ 2 )
=1968/80930
=2.43 %

* 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 (Jun. 2024) net income data. ROA % is displayed in the 30-year financial page.


Raymond James Financial  (NYSE:RJF) 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: Jun. 2024 )
=Net Income/Total Assets
=1968/80930
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1968 / 12720)*(12720 / 80930)
=Net Margin %*Asset Turnover
=15.47 %*0.1572
=2.43 %

Note: The Net Income data used here is four times the quarterly (Jun. 2024) net income data. The Revenue data used here is four times the quarterly (Jun. 2024) 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.


Raymond James Financial ROA % Related Terms

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


Raymond James Financial Business Description

Traded in Other Exchanges
Address
880 Carillon Parkway, Saint Petersburg, FL, USA, 33716
Raymond James Financial is a financial holding company whose major operations include wealth management, investment banking, asset management, and commercial banking. The company supports more than 8,000 employee and independent contractor financial advisors across the United States, Canada, and the United Kingdom with over $1.2 trillion of assets under administration as of September 2023. Approximately 90% of the company's revenue is from the US and 70% is from the company's wealth-management segment.
Executives
Tashtego S Elwyn officer: President - RJA 880 CARILLON PARKWAY, ST PETERSBURG FL 33716
Bella Loykhter Allaire officer: Executive Vice President-RJA 880 CARILLON PARKWAY, ST. PETERSBURG FL 33716
James E Bunn officer: Co-Pres-GlobEq&Inv Banking-RJA 880 CARILLON PARKWAY, SAINT PETERSBURG FL 33716
Steven M Raney officer: President & CEO RJBank 880 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Art A Garcia director 11690 N.W. 105TH STREET, MIAMI FL 33178
Jonathan N Santelli officer: EVP, Gen Counsel, Secy 880 CARILLON PARKWAY, SAINT PETERSBURG FL 33716
Paul C Reilly director 880 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Jeffrey A Dowdle officer: President, AMS - RJA 880 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Horace Carter officer: President, Fixed Income 1100 RIDGEWAY LOOP ROAD, MEMPHIS TN 38120
Raymond W Mcdaniel director 7 WORLD TRADE CENTER, 250 GREENWICH STREET, NEW YORK NY 10007
Jodi Perry officer: President, ICD for RJFS 880 CARILLON PARKWAY, SAINT PETERSBURG FL 33716
George Catanese officer: Executive Vice President 880 CARILLON PARKWAY, ST. PETERSBURG X1 33716
Thomas A James director, 10 percent owner, officer: Chairman/CEO 880 CARILLON PARKWAY, ST. PETERSBURG FL 33772
Christopher S Aisenbrey officer: Chief Human Resources Officer 880 CARILLON PARKWAY, SAINT PETERSBURG FL 33716
Coulter James Robert Edward officer: Director & CEO, RJ Ltd. 40 KING STREET W, SUITE 5400, TORONTO A6 M5H 3Y2