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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Jura Energy's annualized Net Income for the quarter that ended in Jun. 2024 was $-3.87 Mil. Jura Energy's average Total Assets over the quarter that ended in Jun. 2024 was $21.75 Mil. Therefore, Jura Energy's annualized ROA % for the quarter that ended in Jun. 2024 was -17.80%.
The historical rank and industry rank for Jura Energy's ROA % or its related term are showing as below:
During the past 13 years, Jura Energy's highest ROA % was 6.36%. The lowest was -31.78%. And the median was -4.77%.
The historical data trend for Jura Energy'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.
Jura Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROA % | Get a 7-Day Free Trial | -0.39 | 6.45 | -12.69 | -7.10 | -17.11 |
Jura Energy Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
ROA % | Get a 7-Day Free Trial | -13.89 | -12.69 | -57.13 | -17.38 | -17.80 |
For the Oil & Gas E&P subindustry, Jura Energy'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.
For the Oil & Gas industry and Energy sector, Jura Energy's ROA % distribution charts can be found below:
* The bar in red indicates where Jura Energy's ROA % falls into.
Jura Energy'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 ) |
= | -4.638 | / | ( (32.175 | + | 22.032) | / 2 ) | |
= | -4.638 | / | 27.1035 | ||||
= | -17.11 % |
Jura Energy'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 ) |
= | -3.872 | / | ( (22.058 | + | 21.442) | / 2 ) | |
= | -3.872 | / | 21.75 | ||||
= | -17.80 % |
* 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.
Jura Energy (OTCPK:JECFF) 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:
ROA % | (Q: Jun. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -3.872 | / | 21.75 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-3.872 / 4.164) | * | (4.164 / 21.75) |
= | Net Margin % | * | Asset Turnover |
= | -92.99 % | * | 0.1914 |
= | -17.80 % |
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.
Thank you for viewing the detailed overview of Jura Energy's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
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