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Matrix Service Co (Matrix Service Co) ROA % : -2.90% (As of Dec. 2023)


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What is Matrix Service Co ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Matrix Service Co's annualized Net Income for the quarter that ended in Dec. 2023 was $-11.4 Mil. Matrix Service Co's average Total Assets over the quarter that ended in Dec. 2023 was $393.6 Mil. Therefore, Matrix Service Co's annualized ROA % for the quarter that ended in Dec. 2023 was -2.90%.

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

MTRX' s ROA % Range Over the Past 10 Years
Min: -14.07   Med: -1.02   Max: 7.32
Current: -4.64

During the past 13 years, Matrix Service Co's highest ROA % was 7.32%. The lowest was -14.07%. And the median was -1.02%.

MTRX's ROA % is ranked worse than
85.81% of 1663 companies
in the Construction industry
Industry Median: 2.61 vs MTRX: -4.64

Matrix Service Co ROA % Historical Data

The historical data trend for Matrix Service Co'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.

Matrix Service Co ROA % Chart

Matrix Service Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.70 -5.75 -6.34 -14.07 -12.45

Matrix Service Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 -30.93 -11.75 -0.33 -3.24 -2.90

Competitive Comparison of Matrix Service Co's ROA %

For the Engineering & Construction subindustry, Matrix Service Co'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.


Matrix Service Co's ROA % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Matrix Service Co's ROA % distribution charts can be found below:

* The bar in red indicates where Matrix Service Co's ROA % falls into.



Matrix Service Co ROA % Calculation

Matrix Service Co's annualized ROA % for the fiscal year that ended in Jun. 2023 is calculated as:

ROA %=Net Income (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=-52.361/( (440.793+400.504)/ 2 )
=-52.361/420.6485
=-12.45 %

Matrix Service Co's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-11.404/( (382.278+404.834)/ 2 )
=-11.404/393.556
=-2.90 %

* 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.


Matrix Service Co  (NAS:MTRX) 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. 2023 )
=Net Income/Total Assets
=-11.404/393.556
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-11.404 / 700.168)*(700.168 / 393.556)
=Net Margin %*Asset Turnover
=-1.63 %*1.7791
=-2.90 %

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.


Matrix Service Co ROA % Related Terms

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Matrix Service Co (Matrix Service Co) Business Description

Traded in Other Exchanges
Address
15 East, 5th Street, Suite 1100, Tulsa, OK, USA, 74103
Matrix Service Co is an engineering and construction provider for large industrial projects, primarily in the oil and gas, power, petrochemical, industrial, mining, and minerals markets. It offers engineering, fabrication, construction, and maintenance services, operating across three segments namely Utility and Power Infrastructure; Process and Industrial Facilities and Storage and Terminal Solutions.
Executives
Justin D Sheets officer: Vice President, Legal & Risk 5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
James Harry Miller director 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
John R Hewitt officer: President & CEO 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Douglas J Montalbano officer: President, Matrix NAC 15 EAST 15TH STREET, SUITE 1100, TULSA OK 74103
Shawn P Payne officer: President, Matrix Service 5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
Bustamante Jose Luis M. director C/O FLUOR CORPORATION, 6700 LAS COLINAS BLVD., IRVING TX 75039
Kevin A Durkin officer: VP BUS DEVELOPMENT MSI 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
John D Chandler director ONE WILLIAMS CENTER, MD 4700, TULSA OK 74172
Kevin S Cavanah officer: VP - Accounting & Fin Report 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Carlin G. Conner director 6120 SOUTH YALE AVE., SUITE 1500, TULSA OK 74136
Nancy E Downs officer: Vice President/Human Resources 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Joseph F Montalbano officer: VP / Chief Operating Officer 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135
Glyn A Rodgers officer: President, Matrix PDM Eng 5100 EAST SKELLY DRIVE, SUITE 100, TULSA OK 74135
Alan R Updyke officer: President, Matrix Service 5100 EAST SKELLY DRIVE, SUITE 500, TULSA OK 74135
Rick J Bennett officer: VP & Chief Information Officer 5100 EAST SKELLY DRIVE, SUITE 700, TULSA OK 74135

Matrix Service Co (Matrix Service Co) Headlines

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