ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Staffing 360 Solutions's annualizedNet Income for the quarter that ended in Sep. 2023 was $-17.0 Mil.
Staffing 360 Solutions's average Total Assets over the quarter that ended in Sep. 2023 was $81.7 Mil. Therefore, Staffing 360 Solutions's annualized ROA % for the quarter that ended in Sep. 2023 was -20.83%.
The historical rank and industry rank for Staffing 360 Solutions's ROA % or its related term are showing as below:
STAF'
s ROA % Range Over the Past 10 Years
Min: -200.71 Med: -19.84 Max: 10.16
Current: -27.72
During the past 12 years, Staffing 360 Solutions's highest ROA % was 10.16%. The lowest was -200.71%. And the median was -19.84%.
STAF's ROA % is ranked worse than 93.15% of 1081
companies
in the Business Services industry
Industry Median: 3.55
vs STAF: -27.72
* 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 Staffing 360 Solutions's ROA %
For the Staffing & Employment Services subindustry, Staffing 360 Solutions'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.
Staffing 360 Solutions's ROA % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Staffing 360 Solutions's ROA % distribution charts can be found below:
* The bar in red indicates where Staffing 360 Solutions's ROA % falls into.
Staffing 360 Solutions ROA % Calculation
Staffing 360 Solutions's annualized ROA % for the fiscal year that ended in Dec. 2022 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 four times the quarterly (Sep. 2023) net income data.
ROA % is displayed in the 30-year financial page.
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 four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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.
Staffing 360 Solutions ROA % Related Terms
Thank you for viewing the detailed overview of Staffing 360 Solutions's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Staffing 360 Solutions (Staffing 360 Solutions) Business Description
Staffing 360 Solutions, Inc. is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations in the US and the UK. The Company believes the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $300 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering and IT staffing space.
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