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Comtech Telecommunications (Comtech Telecommunications) ROA % : -4.20% (As of Jan. 2024)


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What is Comtech Telecommunications ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Comtech Telecommunications's annualized Net Income for the quarter that ended in Jan. 2024 was $-42.2 Mil. Comtech Telecommunications's average Total Assets over the quarter that ended in Jan. 2024 was $1,004.6 Mil. Therefore, Comtech Telecommunications's annualized ROA % for the quarter that ended in Jan. 2024 was -4.20%.

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

CMTL' s ROA % Range Over the Past 10 Years
Min: -7.64   Med: 1.29   Max: 4.91
Current: -2.31

During the past 13 years, Comtech Telecommunications's highest ROA % was 4.91%. The lowest was -7.64%. And the median was 1.29%.

CMTL's ROA % is ranked worse than
71.41% of 2480 companies
in the Hardware industry
Industry Median: 2.36 vs CMTL: -2.31

Comtech Telecommunications ROA % Historical Data

The historical data trend for Comtech Telecommunications'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.

Comtech Telecommunications ROA % Chart

Comtech Telecommunications Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.89 0.77 -7.64 -3.36 -2.73

Comtech Telecommunications Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 -1.96 -3.02 -1.43 -0.57 -4.20

Competitive Comparison of Comtech Telecommunications's ROA %

For the Communication Equipment subindustry, Comtech Telecommunications'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.


Comtech Telecommunications's ROA % Distribution in the Hardware Industry

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

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



Comtech Telecommunications ROA % Calculation

Comtech Telecommunications's annualized ROA % for the fiscal year that ended in Jul. 2023 is calculated as:

ROA %=Net Income (A: Jul. 2023 )/( (Total Assets (A: Jul. 2022 )+Total Assets (A: Jul. 2023 ))/ count )
=-26.899/( (974.297+996.237)/ 2 )
=-26.899/985.267
=-2.73 %

Comtech Telecommunications's annualized ROA % for the quarter that ended in Jan. 2024 is calculated as:

ROA %=Net Income (Q: Jan. 2024 )/( (Total Assets (Q: Oct. 2023 )+Total Assets (Q: Jan. 2024 ))/ count )
=-42.232/( (1012.543+996.755)/ 2 )
=-42.232/1004.649
=-4.20 %

* 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 (Jan. 2024) net income data. ROA % is displayed in the 30-year financial page.


Comtech Telecommunications  (NAS:CMTL) 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: Jan. 2024 )
=Net Income/Total Assets
=-42.232/1004.649
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-42.232 / 536.9)*(536.9 / 1004.649)
=Net Margin %*Asset Turnover
=-7.87 %*0.5344
=-4.20 %

Note: The Net Income data used here is four times the quarterly (Jan. 2024) net income data. The Revenue data used here is four times the quarterly (Jan. 2024) 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.


Comtech Telecommunications ROA % Related Terms

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Comtech Telecommunications (Comtech Telecommunications) Business Description

Traded in Other Exchanges
Address
68 South Service Road, Suite 230, Melville, NY, USA, 11747
Comtech Telecommunications Corp is a provider of modern communications solutions. The company is engaged in designing, developing, producing and marketing products, systems, and services for communications solutions. It is engaged in two business segments, Satellite and Space Communications and Terrestrial and Wireless Networks. Majority of sales are generated from Satellite and Space Communications segment.
Executives
Wendi B. Carpenter director 2401 EAST 86TH ST., BLOOMINGTON MN 55425
Mark R. Quinlan director 150 EAST 52ND STREET, 21ST FLOOR, NEW YORK NY 10022
Bruce T Crawford director 255 SOUTH KING ST., SUITE 1800, SEATTLE WA 98104
Ellen M. Lord director 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Maria Hedden officer: Chief Operating Officer 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Donald E. Walther officer: Chief Legal Officer 500 108TH AVENUE NE, SUITE 1500, BELLEVUE WA 98004
Michael Bondi officer: Corporate Controller 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Ken Allen Peterman director 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Yelena Simonyuk officer: Chief Legal Officer 68 S. SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Michael Porcelain officer: VP of Finance & Internal Audit 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Yacov A Shamash director
Lisa /adv Lesavoy director 166 E 63RD ST, NEW YORK NY 10021
Judy Chambers director 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
Richard L Burt officer: Sr. Vice President 68 SOUTH SERVICE ROAD, SUITE 230, MELVILLE NY 11747
John Branscum officer: Sr. Vice President COMTECH TELECOMMUNICATIONS CORP., 68 SOUTH SERVICE RD., SUITE 230, MELVILLE NY 11747