ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Oaktree Specialty Lending's annualizedNet Income for the quarter that ended in Dec. 2023 was $42.1 Mil.
Oaktree Specialty Lending's average Total Assets over the quarter that ended in Dec. 2023 was $3,242.0 Mil. Therefore, Oaktree Specialty Lending's annualized ROA % for the quarter that ended in Dec. 2023 was 1.30%.
The historical rank and industry rank for Oaktree Specialty Lending's ROA % or its related term are showing as below:
OCSL'
s ROA % Range Over the Past 10 Years
Min: -9.95 Med: 2.73 Max: 11.09
Current: 3.61
During the past 13 years, Oaktree Specialty Lending's highest ROA % was 11.09%. The lowest was -9.95%. And the median was 2.73%.
OCSL's ROA % is ranked better than 67.47% of 538
companies
in the Credit Services industry
Industry Median: 1.88
vs OCSL: 3.61
Oaktree Specialty Lending ROA % Historical Data
The historical data trend for Oaktree Specialty Lending'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.
For the Credit Services subindustry, Oaktree Specialty Lending'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.
Oaktree Specialty Lending ROA % Distribution
For the Credit Services industry and Financial Services sector, Oaktree Specialty Lending's ROA % distribution charts can be found below:
* The bar in red indicates where Oaktree Specialty Lending's ROA % falls into.
Oaktree Specialty Lending ROA % Calculation
Oaktree Specialty Lending's annualized ROA % for the fiscal year that ended in Sep. 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.
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.
Oaktree Specialty Lending ROA % Related Terms
Thank you for viewing the detailed overview of Oaktree Specialty Lending's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Oaktree Specialty Lending (Oaktree Specialty Lending) Business Description
Oaktree Specialty Lending Corp is a specialty finance company. It provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. Its investments generally range in size from ten million dollars to hundred million dollars and are principally in the form of the first lien, second lien, or collectively, senior secured, and subordinated debt investments, which may also include an equity component made in connection with investments by private equity sponsors.
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