SELECT id, `name`, primary_key, `key`, treemapgroup, name_cn, zacks_table_name, compare_key, compare_display_name from gurufocu_main.financial_definition where termpagedisplay=1 and `key` = 'ROA' CRVW (CareView Communications) ROA %
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CareView Communications Inc (OTCPK:CRVW) » Definitions » ROA %

CareView Communications (CareView Communications) ROA %

: -149.65% (As of Dec. 2023)
View and export this data going back to 2004. Start your Free Trial

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. CareView Communications's annualized Net Income for the quarter that ended in Dec. 2023 was $-6.76 Mil. CareView Communications's average Total Assets over the quarter that ended in Dec. 2023 was $4.52 Mil. Therefore, CareView Communications's annualized ROA % for the quarter that ended in Dec. 2023 was -149.65%.

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

CRVW' s ROA % Range Over the Past 10 Years
Min: -216.43   Med: -131.51   Max: -72.16
Current: -89.43

During the past 13 years, CareView Communications's highest ROA % was -72.16%. The lowest was -216.43%. And the median was -131.51%.

CRVW's ROA % is ranked worse than
92.78% of 665 companies
in the Healthcare Providers & Services industry
Industry Median: 1.23 vs CRVW: -89.43

CareView Communications ROA % Historical Data

The historical data trend for CareView Communications'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.

CareView Communications Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -209.92 -216.43 -190.46 -133.86 -96.27

CareView Communications Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROA % 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 Premium Member Only Premium Member Only Premium Member Only 28.42 -134.95 -3.95 -70.63 -149.65
Competitive Comparison

For the Health Information Services subindustry, CareView Communications'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.

CareView Communications ROA % Distribution

For the Healthcare Providers & Services industry and Healthcare sector, CareView Communications's ROA % distribution charts can be found below:

* The bar in red indicates where CareView Communications's ROA % falls into.


CareView Communications ROA % Calculation

CareView Communications'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 )
=-3.952/( (3.948+4.262)/ 2 )
=-3.952/4.105
=-96.27 %

CareView Communications'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 )
=-6.764/( (4.778+4.262)/ 2 )
=-6.764/4.52
=-149.65 %

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

CareView Communications  (OTCPK:CRVW) 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: Dec. 2023 )
=Net Income/Total Assets
=-6.764/4.52
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-6.764 / 7.068)*(7.068 / 4.52)
=Net Margin %*Asset Turnover
=-95.7 %*1.5637
=-149.65 %

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.

* 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.

CareView Communications ROA % Related Terms

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

CareView Communications (CareView Communications) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » CareView Communications Inc (OTCPK:CRVW) » Definitions » ROA %
Comparable Companies
HLTH SNCE OWLT VASO AKLI BEAT ZCMD LIFW STRM PBSV VEEV GEHC TSE:2413 HQY ASX:PME RCM TXG DOCS PGNY EVH
Traded in Other Exchanges
N/A
Address
405 State Highway 121 Bypass, Suite B-240, Lewisville, TX, USA, 75067
Website
https://www.care-view.com
CareView Communications Inc is a United States-based company engaged in providing products and on-demand application services for the healthcare industry, specializing in bedside video monitoring, software tools to improve hospital communications and operations, and patient education and entertainment packages. It has developed a data network system called CareView System, which is a suite of video monitoring, guest services, and related applications that connect patients, families, and healthcare providers. The company also provides services to increase patient satisfaction scores and enhance the overall image of the hospital, including on-demand movies and video visits.
Executives
James R Higgins director 405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
L. Allen Wheeler director, 10 percent owner 515 GILL FARRELL, DURANT OK 74701
Stephen G Johnson director, 10 percent owner, officer: President and COO 804 TREE HAVEN CT., HIGHLAND VILLAGE TX 75077
Steven B Epstein director
Jon E Freeman officer: Chief Financial Officer 405 STATE HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
David Richard White director 405 STATE HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Jason T Thompson director 405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Sandra K Mcree officer: COO 405 HIGHWAY 121, SUITE B-240, LEWISVILLE TX 75067
Anthony P Piccin officer: Chief Financial Officer 3704 EVERTON DRIVE, FLOWER MOUND TX 75022
Gerald L Murphy director PO BOX 4696, TULSA OK 74159
Jeffrey C Lightcap director, 10 percent owner 152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Lp director, 10 percent owner 152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Fund Lp director, 10 percent owner Carnegie Hall Tower, 152 West 57th Street, 47th Floor, New York NY 10019
Healthcor Partners Management Gp, Llc director, 10 percent owner 152 W 57TH STREET 43RD FLOOR, NEW YORK NY 10019
Healthcor Partners Management Lp director, 10 percent owner 701 EAST BAY STREET, SUITE 516, CHARLESTON SC 29403

CareView Communications (CareView Communications) Headlines

No Headlines