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SBLK (Star Bulk Carriers) ROA % : 11.69% (As of Jun. 2024)


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What is Star Bulk Carriers ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Star Bulk Carriers's annualized Net Income for the quarter that ended in Jun. 2024 was $424 Mil. Star Bulk Carriers's average Total Assets over the quarter that ended in Jun. 2024 was $3,630 Mil. Therefore, Star Bulk Carriers's annualized ROA % for the quarter that ended in Jun. 2024 was 11.69%.

The historical rank and industry rank for Star Bulk Carriers's ROA % or its related term are showing as below:

SBLK' s ROA % Range Over the Past 10 Years
Min: -21.76   Med: -0.09   Max: 19.59
Current: 7.89

During the past 13 years, Star Bulk Carriers's highest ROA % was 19.59%. The lowest was -21.76%. And the median was -0.09%.

SBLK's ROA % is ranked better than
78.64% of 974 companies
in the Transportation industry
Industry Median: 3.745 vs SBLK: 7.89

Star Bulk Carriers ROA % Historical Data

The historical data trend for Star Bulk Carriers'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.

Star Bulk Carriers ROA % Chart

Star Bulk Carriers Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.52 0.30 19.59 15.75 5.37

Star Bulk Carriers Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 5.33 5.41 5.12 9.90 11.69

Competitive Comparison of Star Bulk Carriers's ROA %

For the Marine Shipping subindustry, Star Bulk Carriers'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.


Star Bulk Carriers's ROA % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Star Bulk Carriers's ROA % distribution charts can be found below:

* The bar in red indicates where Star Bulk Carriers's ROA % falls into.



Star Bulk Carriers ROA % Calculation

Star Bulk Carriers'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 )
=173.556/( (3433.624+3028.255)/ 2 )
=173.556/3230.9395
=5.37 %

Star Bulk Carriers'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 )
=424.32/( (3021.627+4238.036)/ 2 )
=424.32/3629.8315
=11.69 %

* 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.


Star Bulk Carriers  (NAS:SBLK) 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
=424.32/3629.8315
=(Net Income / Revenue)*(Revenue / Total Assets)
=(424.32 / 1411.5)*(1411.5 / 3629.8315)
=Net Margin %*Asset Turnover
=30.06 %*0.3889
=11.69 %

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.


Star Bulk Carriers ROA % Related Terms

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


Star Bulk Carriers Business Description

Traded in Other Exchanges
Address
C/o Star Bulk Management Inc, 40 Agiou Konstantinou Street, Maroussi, Athens, GRC, 15124
Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport bulk, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. It owns a fleet of vessels that consists of Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Ultramax, and Supramax. It generates revenues through the voyages it carries out.
Executives
Ramius Advisors Llc 10 percent owner 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Rcg Enterprise Ltd 10 percent owner 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Rcg Carpathia Master Fund Ltd 10 percent owner C/O RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022
Rcg Baldwin Lp 10 percent owner C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Peter A Cohen 10 percent owner, other: See Explanation of Responses 40 WEST 57TH STREET, SUITE 2020, NEW YORK NY 10019
Thomas W Strauss 10 percent owner, other: See Explanation of Responses 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Ramius Capital Group Llc 10 percent owner 599 LEXINGTON AVENUE, 20TH FLOOR, NEW YORK NY 10022
C4s & Co Llc 10 percent owner, other: See Explanation of Responses RAMIUS LLC, 599 LEXINGTON AVENUE, NEW YORK NY 10022
Morgan B Stark 10 percent owner, other: See Explanation of Responses C/O RAMIUS LLC, 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Jeffrey M Solomon 10 percent owner, other: See Explanation of Responses 599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022

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