GURUFOCUS.COM » STOCK LIST » Technology » Hardware » iGo Inc (OTCPK:IGOI) » Definitions » ROA %

iGo (IGOI) ROA % : -86.82% (As of Dec. 2013)


View and export this data going back to 2000. Start your Free Trial

What is iGo ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. iGo's annualized Net Income for the quarter that ended in Dec. 2013 was $-11.67 Mil. iGo's average Total Assets over the quarter that ended in Dec. 2013 was $13.44 Mil. Therefore, iGo's annualized ROA % for the quarter that ended in Dec. 2013 was -86.82%.

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

IGOI's ROA % is not ranked *
in the Hardware industry.
Industry Median: 2.22
* Ranked among companies with meaningful ROA % only.

iGo ROA % Historical Data

The historical data trend for iGo'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.

iGo ROA % Chart

iGo Annual Data
Trend Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.95 1.73 -26.37 -38.70 -67.98

iGo Quarterly Data
Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13
ROA % Get a 7-Day Free Trial 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 -57.25 -42.75 -44.51 -108.52 -86.82

Competitive Comparison of iGo's ROA %

For the Computer Hardware subindustry, iGo'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.


iGo's ROA % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, iGo's ROA % distribution charts can be found below:

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



iGo ROA % Calculation

iGo's annualized ROA % for the fiscal year that ended in Dec. 2013 is calculated as:

ROA %=Net Income (A: Dec. 2013 )/( (Total Assets (A: Dec. 2012 )+Total Assets (A: Dec. 2013 ))/ count )
=-12.566/( (24.865+12.103)/ 2 )
=-12.566/18.484
=-67.98 %

iGo's annualized ROA % for the quarter that ended in Dec. 2013 is calculated as:

ROA %=Net Income (Q: Dec. 2013 )/( (Total Assets (Q: Sep. 2013 )+Total Assets (Q: Dec. 2013 ))/ count )
=-11.668/( (14.775+12.103)/ 2 )
=-11.668/13.439
=-86.82 %

* 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. 2013) net income data. ROA % is displayed in the 30-year financial page.


iGo  (OTCPK:IGOI) 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. 2013 )
=Net Income/Total Assets
=-11.668/13.439
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-11.668 / 12.84)*(12.84 / 13.439)
=Net Margin %*Asset Turnover
=-90.87 %*0.9554
=-86.82 %

Note: The Net Income data used here is four times the quarterly (Dec. 2013) net income data. The Revenue data used here is four times the quarterly (Dec. 2013) 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.


iGo ROA % Related Terms

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


iGo (IGOI) Business Description

Traded in Other Exchanges
N/A
Address
590 Madison Avenue, 32nd Floor, New York, NY, USA, 10022
iGo Inc is a United States based company operating in the electronics industry. It offers power management solutions and accessories for laptop computers and electronic mobile devices.
Executives
Leonard J Mcgill officer: Gen. Counsel, VP & Asst. Sec. 3125 MYERS STREET, RIVERSIDE CA 92503
Adage Capital Partners Gp, L.l.c. 10 percent owner 200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Frederic Welts director GOLDEN STATE WARRIORS, 1011 BROADWAY, OAKLAND CA 94607
Peter L Ax director
Steel Excel Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings L.p. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Holdings Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Sph Group Llc 10 percent owner C/O STEEL PARTNERS HOLDINGS L.P., 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Steel Partners Holdings Gp Inc. 10 percent owner 590 MADISON AVENUE, 32ND FLOOR, NEW YORK NY 10022
Jack L Howard director, other: See explanation of responses. 182 FARMERS LANE, STE 101, SANTA ROSA CA 95405
Brian M Roberts officer: General Counsel and Secretary, other: Vice President 18835 N. THOMPSON PEAK PARKWAY, SUITE 300 & 380, SCOTTSDALE AZ 85255
Robert W Shaner director INTERDIGITAL, INC., 781 THIRD AVENUE, KING OF PRUSSIA PA 19406
Jerre L Stead director 4TH FLOOR, ROPEMAKER PLACE, 25 ROPEMAKER STREET, LONDON X0 EC2Y 9LY

iGo (IGOI) Headlines

From GuruFocus

iGo Inc Reports Operating Results (10-Q)

By gurufocus 05-08-2009

iGo Inc (IGOI) President & CEO Michael D Heil sells 40,000 Shares

By GuruFocus Research GuruFocus Editor 11-12-2010

iGo Inc (IGOI) President & CEO Michael D Heil sells 20,000 Shares

By GuruFocus Research GuruFocus Editor 12-01-2010

iGO Reports Third Quarter 2018 Financial Results

By PRNewswire PRNewswire 11-06-2018

How this Guru Averaged 29% a Year

By guruek Jae Jun 11-23-2010

Quickly Valuing a Net-Net Like iGo Inc

By Jae Jun Jae Jun 11-15-2012

iGo Inc (IGOI) President & CEO Michael D Heil sells 90,000 Shares

By GuruFocus Research GuruFocus Editor 01-13-2011