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Spruce Power Holding (Spruce Power Holding) ROA % : -13.16% (As of Dec. 2023)


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What is Spruce Power Holding ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Spruce Power Holding's annualized Net Income for the quarter that ended in Dec. 2023 was $-120.75 Mil. Spruce Power Holding's average Total Assets over the quarter that ended in Dec. 2023 was $917.57 Mil. Therefore, Spruce Power Holding's annualized ROA % for the quarter that ended in Dec. 2023 was -13.16%.

The historical rank and industry rank for Spruce Power Holding's ROA % or its related term are showing as below:

SPRU' s ROA % Range Over the Past 10 Years
Min: -161.11   Med: -15.4   Max: 7.78
Current: -7.24

During the past 5 years, Spruce Power Holding's highest ROA % was 7.78%. The lowest was -161.11%. And the median was -15.40%.

SPRU's ROA % is ranked worse than
81.33% of 996 companies
in the Semiconductors industry
Industry Median: 2.405 vs SPRU: -7.24

Spruce Power Holding ROA % Historical Data

The historical data trend for Spruce Power Holding'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.

Spruce Power Holding ROA % Chart

Spruce Power Holding Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
-161.11 -34.02 7.78 -15.40 -7.65

Spruce Power Holding Quarterly Data
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 -19.79 -8.60 1.33 -8.32 -13.16

Competitive Comparison of Spruce Power Holding's ROA %

For the Solar subindustry, Spruce Power Holding'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.


Spruce Power Holding's ROA % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Spruce Power Holding's ROA % distribution charts can be found below:

* The bar in red indicates where Spruce Power Holding's ROA % falls into.



Spruce Power Holding ROA % Calculation

Spruce Power Holding's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=-65.831/( (826.552+895.021)/ 2 )
=-65.831/860.7865
=-7.65 %

Spruce Power Holding'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 )
=-120.752/( (940.118+895.021)/ 2 )
=-120.752/917.5695
=-13.16 %

* 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.


Spruce Power Holding  (NYSE:SPRU) 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
=-120.752/917.5695
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-120.752 / 62.804)*(62.804 / 917.5695)
=Net Margin %*Asset Turnover
=-192.27 %*0.0684
=-13.16 %

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.


Spruce Power Holding ROA % Related Terms

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Spruce Power Holding (Spruce Power Holding) Business Description

Traded in Other Exchanges
N/A
Address
1875 Lawrence Street, Suite 320, Denver, CO, USA, 80202
Spruce Power Holding Corp is a renewable-focused Power-as-a-Service company offering solar battery installation and maintenance services, It provides subscription-based services for homeowners and small businesses to own and maintain rooftop solar and battery storage. Its solutions offerings comprise Battery Bundles and System Expansion Options.
Executives
Christian S. Fong director, officer: President and CEO 7550 WISCONSIN AVENUE, 9TH FLOOR, BETHESDA MD 20814
Jonathan J Ledecky director C/O THE LEDECKY FOUNDATION, 901 - 15TH STREET, NW, SUITE 950, WASHINGTON DC 20005
Christopher M. Hayes director C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135
Eric M. Tech director, officer: CEO 2701 NAVISTAR DRIVE, LISLE IL 60532
Jonathan M Norling officer: Chief Legal Officer 820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024
Sarah Weber Wells officer: SVP of Fin & Acc & Sustain' 820 GESSNER ROAD, SUITE 500, HOUSTON TX 77024
John P. Miller director 26W073 MOHICAN DRIVE, WHEATON IL 60189
Stacey Constas officer: General Counsel 47000 LIBERTY DRIVE, WIXOM MI 48393
Michael Kenhard officer: CTO and VP of Engineering 47000 LIBERTY DRIVE, WIXOM MI 48393
Calhoun Colleen officer: VP / GM of XL Grid 515 W. GREENS ROAD, SUITE 1200, HOUSTON TX 77067
Donald P Klein officer: Chief Financial Officer 201 MITTEL DRIVE, WOOD DALE IL 60191
Cielo Hernandez officer: Chief Financial Officer C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Berklas James P Jr officer: General Counsel 123 MAIN STREET, BRISTOL CT 06010
Sarah Sclarsic director C/O PIVOTAL INVESTMENT CORPORATION II, C/O GRAUBARD MILLER, 405 LEXINGTON AVE, NEW YORK NY 10174
Niharika Ramdev director C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135