ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. GulfMark Offshore's annualizedNet Income for the quarter that ended in Sep. 2018 was $-44.62 Mil.
GulfMark Offshore's average Total Assets over the quarter that ended in Sep. 2018 was $422.43 Mil. Therefore, GulfMark Offshore's annualized ROA % for the quarter that ended in Sep. 2018 was -10.56%.
The historical rank and industry rank for GulfMark Offshore's ROA % or its related term are showing as below:
GLF's ROA % is not ranked *
in the Oil & Gas industry.
Industry Median: 2.575 * Ranked among companies with meaningful ROA % only.
GulfMark Offshore ROA % Historical Data
The historical data trend for GulfMark Offshore'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 GulfMark Offshore's ROA %
For the Oil & Gas Equipment & Services subindustry, GulfMark Offshore'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.
GulfMark Offshore's ROA % Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, GulfMark Offshore's ROA % distribution charts can be found below:
* The bar in red indicates where GulfMark Offshore's ROA % falls into.
GulfMark Offshore ROA % Calculation
GulfMark Offshore's annualized ROA % for the fiscal year that ended in Dec. 2017 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 (Sep. 2018) net income data.
ROA % is displayed in the 30-year financial page.
GulfMark Offshore (AMEX:GLF) 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 (Sep. 2018) net income data. The Revenue data used here is four times the quarterly (Sep. 2018) 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.
GulfMark Offshore ROA % Related Terms
Thank you for viewing the detailed overview of GulfMark Offshore's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
GulfMark Offshore (GulfMark Offshore) Business Description
GulfMark Offshore Inc is engaged in providing offshore marine services primarily to companies involved in the offshore exploration and production of oil and natural gas. Its vessels transport materials, supplies, and personnel to offshore facilities, and also move and position drilling and production facilities. Geographically, the operation of the firm can be seen across the region of the North Sea, offshore Southeast Asia, and offshore the Americas. It operates a fleet of over 69 owned or managed offshore supply vessels (OSVs), which include over 28 vessels in the North Sea, over 10 vessels offshore Southeast Asia and over 31 vessels offshore the Americas.
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