ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Clean Energy Fuels's annualizedNet Income for the quarter that ended in Dec. 2023 was $-74.7 Mil.
Clean Energy Fuels's average Total Assets over the quarter that ended in Dec. 2023 was $1,162.2 Mil. Therefore, Clean Energy Fuels's annualized ROA % for the quarter that ended in Dec. 2023 was -6.43%.
The historical rank and industry rank for Clean Energy Fuels's ROA % or its related term are showing as below:
CLNE'
s ROA % Range Over the Past 10 Years
Min: -12.42 Med: -6.6 Max: 2.77
Current: -9.01
During the past 13 years, Clean Energy Fuels's highest ROA % was 2.77%. The lowest was -12.42%. And the median was -6.60%.
CLNE's ROA % is ranked worse than 77.69% of 1089
companies
in the Oil & Gas industry
Industry Median: 2.6
vs CLNE: -9.01
Clean Energy Fuels ROA % Historical Data
The historical data trend for Clean Energy Fuels'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.
Competitive Comparison of Clean Energy Fuels's ROA %
For the Oil & Gas Refining & Marketing subindustry, Clean Energy Fuels'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.
Clean Energy Fuels's ROA % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Clean Energy Fuels's ROA % distribution charts can be found below:
* The bar in red indicates where Clean Energy Fuels's ROA % falls into.
Clean Energy Fuels ROA % Calculation
Clean Energy Fuels's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
Clean Energy Fuels (NAS:CLNE) 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:
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.
Clean Energy Fuels ROA % Related Terms
Thank you for viewing the detailed overview of Clean Energy Fuels's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Clean Energy Fuels (Clean Energy Fuels) Business Description
Clean Energy Fuels Corp is a natural gas marketer and retailer operating in the United States and Canada. The company supplies compressed natural gas, liquefied natural gas, and renewable natural gas as an alternative fuel for vehicles. The majority of revenue is generated within the U.S. and mostly consists of compressed natural gas. The company operates by purchasing natural gas from local utilities; compressing, cooling, or liquefying it at company-owned plants; and selling natural gas products through company-owned or customer-owned fueling stations. The company also builds, operates, and maintains natural gas fueling stations for customers. The company's target markets include heavy-duty trucking, airports, public transit, institutional energy users, and government fleets.
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