Park National (Park National) ROA %

: 0.99% (As of Dec. 2023)

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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Park National's annualized Net Income for the quarter that ended in Dec. 2023 was $98.0 Mil. Park National's average Total Assets over the quarter that ended in Dec. 2023 was $9,918.7 Mil. Therefore, Park National's annualized ROA % for the quarter that ended in Dec. 2023 was 0.99%.

The historical rank and industry rank for Park National's ROA % or its related term are showing as below:

PRK' s ROA % Range Over the Past 10 Years
Min: 1.12 Med: 1.28 Max: 1.63
Current: 1.28

During the past 13 years, Park National's highest ROA % was 1.63%. The lowest was 1.12%. And the median was 1.28%.

PRK's ROA % is ranked better than
70.71% of 1468 companies
in the Banks industry
Industry Median: 0.92 vs PRK: 1.28

Park National ROA % Historical Data

The historical data trend for Park National'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.

Park National Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROA %

1.26

1.43

1.63

1.53

1.29

Park National Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROA %																1.34	1.37	1.28	1.48	0.99

Competitive Comparison

For the Banks - Regional subindustry, Park National'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.

Park National ROA % Distribution

For the Banks industry and Financial Services sector, Park National's ROA % distribution charts can be found below:

* The bar in red indicates where Park National's ROA % falls into.

Park National ROA % Calculation

Park National'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 )
	=	126.734	/	( (9854.993	+	9836.453)	/ 2 )
	=	126.734	/	9845.723
	=	1.29 %

Park National's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	98	/	( (10000.914	+	9836.453)	/ 2 )
	=	98	/	9918.6835
	=	0.99 %

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 (Dec. 2023) net income data. ROA % is displayed in the 30-year financial page.

Park National (AMEX:PRK) 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: Dec. 2023 )
=	Net Income	/	Total Assets
=	98	/	9918.6835
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(98 / 442.372)	*	(442.372 / 9918.6835)
=	Net Margin %	*	Asset Turnover
=	22.15 %	*	0.0446
=	0.99 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

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.

Park National ROA % Related Terms

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

Park National (Park National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Park National Corp (AMEX:PRK) » Definitions » ROA %

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 North Third Street, P.O. Box 3500, Newark, OH, USA, 43058-3500

Website

http://www.parknationalcorp.com

Park National Corp is a diversified financial services company based in Newark, Ohio, consisting of 11 community banking divisions with more than 100 offices in Ohio and Kentucky. Park National provides banking and other financial services to consumers and businesses.

Executives

Englefield F W Iv	director	50 NORTH THIRD STREET, P O BOX 3500, NEWARK OH 43058-3500
Dan Delawder	director, officer: President and CEO
Miller Daniel Byrd Iii	director	50 N THIRD ST, NEWARK OH 43055
Frederic M Bertley	director	50 N THIRD ST, NEWARK OH 43055
Robert E Oneill	director	50 N THIRD STREET, NEWARK OH 43055
Mark R Ramser	director	50 N THIRD ST, NEWARK OH 43055
Timothy S. Mclain	director	50 NORTH THIRD STREET, PO BOX 3500, NEWARK OH 43058-3500
James R Deroberts	director	50 N THIRD STREET, NEWARK OH 43055
Jason N Judd	director	50 N THIRD ST, NEWARK OH 43055
Leon Zazworsky	director	50 NORTH THIRD STREET, PO BOX 3500, NEWARK OH 43058-3500
Kelly A Edds	officer: Chief Accounting Officer	50 N THIRD STREET, NEWARK OH 43055
Alicia J Hupp	director	50 N THIRD STREET, NEWARK OH 43055
Julia A Sloat	director	1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Brady T Burt	officer: Chief Financial Officer	0015 BENCHMARK ROAD, SUITE 300, P.O. BOX 6580, AVON CO 81620
Matthew R Miller	officer: Chief Accounting Officer	50 NORTH THIRD STREET, NEWARK OH 43055