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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. DSP Group's annualized Net Income for the quarter that ended in Sep. 2021 was $-0.1 Mil. DSP Group's average Total Assets over the quarter that ended in Sep. 2021 was $218.7 Mil. Therefore, DSP Group's annualized ROA % for the quarter that ended in Sep. 2021 was -0.06%.
The historical rank and industry rank for DSP Group's ROA % or its related term are showing as below:
During the past 13 years, DSP Group's highest ROA % was 2.60%. The lowest was -7.73%. And the median was -0.85%.
The historical data trend for DSP Group'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.
DSP Group Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
ROA % | Get a 7-Day Free Trial | 2.60 | -1.62 | -1.07 | -0.62 | -3.21 |
DSP Group Quarterly Data | ||||||||||||||||||||
Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | |
ROA % | Get a 7-Day Free Trial | -3.63 | -2.55 | -2.49 | -0.74 | -0.06 |
For the Semiconductors subindustry, DSP Group'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 Semiconductors industry and Technology sector, DSP Group's ROA % distribution charts can be found below:
* The bar in red indicates where DSP Group's ROA % falls into.
DSP Group's annualized ROA % for the fiscal year that ended in Dec. 2020 is calculated as:
ROA % | = | Net Income (A: Dec. 2020 ) | / | ( (Total Assets (A: Dec. 2019 ) | + | Total Assets (A: Dec. 2020 )) | / count ) |
= | -6.79 | / | ( (205.925 | + | 216.473) | / 2 ) | |
= | -6.79 | / | 211.199 | ||||
= | -3.21 % |
DSP Group's annualized ROA % for the quarter that ended in Sep. 2021 is calculated as:
ROA % | = | Net Income (Q: Sep. 2021 ) | / | ( (Total Assets (Q: Jun. 2021 ) | + | Total Assets (Q: Sep. 2021 )) | / count ) |
= | -0.124 | / | ( (215.664 | + | 221.802) | / 2 ) | |
= | -0.124 | / | 218.733 | ||||
= | -0.06 % |
* 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. 2021) net income data. ROA % is displayed in the 30-year financial page.
DSP Group (NAS:DSPG) 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: Sep. 2021 ) | ||
= | Net Income | / | Total Assets |
= | -0.124 | / | 218.733 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-0.124 / 151.024) | * | (151.024 / 218.733) |
= | Net Margin % | * | Asset Turnover |
= | -0.08 % | * | 0.6904 |
= | -0.06 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) 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 DSP Group's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tali Chen | officer: Chief Business Officer | 2055 GATEWAY PLACE, SUITE 480 SAN JOSE CA 95110 |
Gabi Seligsohn | director | C/O DSP GROUP, INC., 2580 N. FIRST STREET, STE. 460, SAN JOSE CA 95131 |
Dror Levy | officer: VP and CFO | 5 SHENKAR STREET HERZELIYA L3 46120 |
Yair Seroussi | director | 2580 NORTH FIRST STREET SUITE 460 SAN JOSE CA 95131 |
Cynthia Paul | director | C/O DSP GROUP, INC., 5 SHENKAR STREET, HERZELIA L3 4672505 |
Ofer Elyakim | director, officer: CEO | 5 SHENKAR STREET HERZELIA L3 46120 |
Thomas A Lacey | director | C/O INTERNATIONAL DISPLAYWORKS, INC., 1613 SANTA CLARA DRIVE, STE 100, ROSEVILLE CA 95661-3542 |
Kenneth H Traub | director | |
Norman P Taffe | director | 3901 NORTH FIRST STREET, SAN JOSE CA 95134 |
Patrick Tanguy | director | 2580 NORTH FIRST STREET SUITE 460 SAN JOSE CA 95131 |
William C Martin | other: See Explanation of Responses | C/O RAGING CAPITAL MANAGEMENT, LLC, TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553 |
Raging Capital Management, Llc | other: See Explanation of Responses | TEN PRINCETON AVENUE, PO BOX 228, ROCKY HILL NJ 08553-0228 |
Norman J. Rice | director | ONE MIDDLE STREET, SUITE 4, PORTSMOUTH NH 03801 |
Reuven Regev | director | 2580 NORTH FIRST STREET SUITE 460 SAN JOSE CA 95131 |
David Dahan | officer: VP and COO | 161 S. SAN ANTONIO ROAD SUITE 10 LOS ALTOS CA 94022 |
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