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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. VOXX International's annualized Net Income for the quarter that ended in Feb. 2024 was $-83.8 Mil. VOXX International's average Total Assets over the quarter that ended in Feb. 2024 was $471.2 Mil. Therefore, VOXX International's annualized ROA % for the quarter that ended in Feb. 2024 was -17.79%.
The historical rank and industry rank for VOXX International's ROA % or its related term are showing as below:
During the past 13 years, VOXX International's highest ROA % was 5.68%. The lowest was -8.50%. And the median was -2.17%.
The historical data trend for VOXX International'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.
VOXX International Annual Data | |||||||||||||||||||||
Trend | Feb15 | Feb16 | Feb17 | Feb18 | Feb19 | Feb20 | Feb21 | Feb22 | Feb23 | Feb24 | |||||||||||
ROA % | Get a 7-Day Free Trial | -5.56 | 5.39 | -3.93 | -4.96 | -8.48 |
VOXX International Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
ROA % | Get a 7-Day Free Trial | -13.36 | -8.35 | -8.83 | 1.54 | -17.79 |
For the Consumer Electronics subindustry, VOXX International'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.
For the Hardware industry and Technology sector, VOXX International's ROA % distribution charts can be found below:
* The bar in red indicates where VOXX International's ROA % falls into.
VOXX International's annualized ROA % for the fiscal year that ended in Feb. 2024 is calculated as:
ROA % | = | Net Income (A: Feb. 2024 ) | / | ( (Total Assets (A: Feb. 2023 ) | + | Total Assets (A: Feb. 2024 )) | / count ) |
= | -40.85 | / | ( (519.451 | + | 444.006) | / 2 ) | |
= | -40.85 | / | 481.7285 | ||||
= | -8.48 % |
VOXX International's annualized ROA % for the quarter that ended in Feb. 2024 is calculated as:
ROA % | = | Net Income (Q: Feb. 2024 ) | / | ( (Total Assets (Q: Nov. 2023 ) | + | Total Assets (Q: Feb. 2024 )) | / count ) |
= | -83.84 | / | ( (498.389 | + | 444.006) | / 2 ) | |
= | -83.84 | / | 471.1975 | ||||
= | -17.79 % |
* 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 (Feb. 2024) net income data. ROA % is displayed in the 30-year financial page.
VOXX International (NAS:VOXX) 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:
ROA % | (Q: Feb. 2024 ) | ||
= | Net Income | / | Total Assets |
= | -83.84 | / | 471.1975 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-83.84 / 432.332) | * | (432.332 / 471.1975) |
= | Net Margin % | * | Asset Turnover |
= | -19.39 % | * | 0.9175 |
= | -17.79 % |
Note: The Net Income data used here is four times the quarterly (Feb. 2024) net income data. The Revenue data used here is four times the quarterly (Feb. 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.
Thank you for viewing the detailed overview of VOXX International's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Beat Kahli | 10 percent owner | AVALON GROUP INTERNATIONAL, LLC, 3801 AVALON PARK EAST BLVD., STE 400, ORLANDO FL 32828 |
Steven R Downing | director | 14814 CREEK EDGE DRIVE, HOLLAND MI 49424 |
Peter A Lesser | director | C/O AUDIOVOX CORP, 180 MARCUS BLVD., HAUPPAUGE NY 11788-0518 |
Patrick M Lavelle | director, officer: Senior Vice President | 150 MARCUS BLVD, PO BOX 18000, HAUPPAUGE NY 11788 |
John J Shalam | director, 10 percent owner, officer: President and C.E.O. | 180 MARCUS BLVD, PO BOX 12427, HAUPPAGE NY 11788-0518 |
Holding Ag Kahli | 10 percent owner | RIESBACHSTRASSE 57, ZURICH V8 8008 |
Edward David Mas | officer: President Voxx Automotive Corp | C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BOULEVARD, HAUPPAUGE NY 11788 |
John Jr Adamovich | director | 180 MARCUS BLVD, C/O VOXX INTERNATIONAL CORPORATION, HAUPPAUGE NY 11788 |
Kreuch Paul C Jr | director | C/O 180 MARCUS BLVD., PO BOX 12427, HAUPPAUGE NY 11788-0518 |
Ari Shalam | director | C/O AUDIOVOX CORP, 150 MARCUS BLVD, HAUPPAUGE NY 11788 |
Denise W. Gibson | director | 140 SCHOOL STREET, LIBERTYVILLE IL 60048 |
Oscar Leonard Bernardo | officer: COO Klipsch Group Inc. | C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BLVD, HAUPPAUGE NY 11788 |
Ian Sebastian Geise | officer: President Voxx Accessories | C/O VOXX INTERNATIONAL CORPORATION, 180 MARCUS BLVD, HAUPPAUGE NY 11788 |
Michael F Klipsch | officer: Pres. Global Operations of KGI | 180 MARCUS BOULEVARD, C/O AUDIOVOX CORPORATION, HAUPPAUGE X1 11788 |
Ludwig Geis | officer: CEO VOXX Hirschmann Corp | STUTTGARTER STRASSE 45 - 51, NECKARTENZLINGEN 2M 72654 |
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