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SIFCO Industries (SIFCO Industries) ROA %

: -12.82% (As of Sep. 2023)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. SIFCO Industries's annualized Net Income for the quarter that ended in Sep. 2023 was $-12.41 Mil. SIFCO Industries's average Total Assets over the quarter that ended in Sep. 2023 was $96.77 Mil. Therefore, SIFCO Industries's annualized ROA % for the quarter that ended in Sep. 2023 was -12.82%.

The historical rank and industry rank for SIFCO Industries's ROA % or its related term are showing as below:

SIF' s ROA % Range Over the Past 10 Years
Min: -11.77   Med: -7.15   Max: 8.43
Current: -8.88

During the past 13 years, SIFCO Industries's highest ROA % was 8.43%. The lowest was -11.77%. And the median was -7.15%.

SIF's ROA % is ranked worse than
82.11% of 313 companies
in the Aerospace & Defense industry
Industry Median: 2.33 vs SIF: -8.88

SIFCO Industries ROA % Historical Data

The historical data trend for SIFCO Industries'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.

SIFCO Industries Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
ROA %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.57 8.43 -0.64 -9.27 -9.00

SIFCO Industries Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROA % 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 Premium Member Only Premium Member Only Premium Member Only -27.75 -10.51 -9.54 -2.58 -12.82

Competitive Comparison

For the Aerospace & Defense subindustry, SIFCO Industries'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.


SIFCO Industries ROA % Distribution

For the Aerospace & Defense industry and Industrials sector, SIFCO Industries's ROA % distribution charts can be found below:

* The bar in red indicates where SIFCO Industries's ROA % falls into.



SIFCO Industries ROA % Calculation

SIFCO Industries's annualized ROA % for the fiscal year that ended in Sep. 2023 is calculated as:

ROA %=Net Income (A: Sep. 2023 )/( (Total Assets (A: Sep. 2022 )+Total Assets (A: Sep. 2023 ))/ count )
=-8.692/( (97.266+95.993)/ 2 )
=-8.692/96.6295
=-9.00 %

SIFCO Industries's annualized ROA % for the quarter that ended in Sep. 2023 is calculated as:

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-12.408/( (97.556+95.993)/ 2 )
=-12.408/96.7745
=-12.82 %

* 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. 2023) net income data. ROA % is displayed in the 30-year financial page.


SIFCO Industries  (AMEX:SIF) 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: Sep. 2023 )
=Net Income/Total Assets
=-12.408/96.7745
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-12.408 / 98.512)*(98.512 / 96.7745)
=Net Margin %*Asset Turnover
=-12.6 %*1.018
=-12.82 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


SIFCO Industries ROA % Related Terms

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SIFCO Industries (SIFCO Industries) Business Description

Traded in Other Exchanges
N/A
Address
970 East 64th Street, Cleveland, OH, USA, 44103
SIFCO Industries Inc is engaged in the production of forgings and machined components for the Aerospace and Energy, Defense and Commercial Space markets. Its processes and services include forging, heat-treating and machining. It serves original equipment manufacturers (OEM) as well as aftermarket customers. Its products are made of steel, stainless steel, titanium and aluminium and include OEM and aftermarket components for aircraft and industrial gas turbine engines, steam turbine blades, structural airframe components, aircraft landing gear components, aircraft wheels and brakes, critical rotating components for helicopters and industrial products. Substantial revenue is derived from North America as well as operates in Europe.
Executives
Wells Norman E Jr. director PO BOX 609, AURORA OH 44202
Alayne L Reitman director SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Peter William Knapper director, officer: President & CEO 5924 MEDALLION DRIVE, WESTERVILLE OH 43082
Molten Donald C Jr. director 970 EAST 64TH STREET, CLEVELAND OH 44103
Mark J Silk director, 10 percent owner 4946 AZUSA CANYON ROAD, IRWINDALE CA 91706
Hudson Smith director SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Thomas Robert Kubera officer: Corporate Controller 1327 SPRUCEDALE ROAD, BROADVIEW HEIGHTS OH 44147
Jeffrey P Gotschall director SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Salvatore Incanno officer: VP of Finance & CFO 970 E. 64TH ST, CLEVELAND OH 44103
John Sr Chapman director 970 EAST 64TH STREET, CLEVELAND OH 44103
Dennis Paul Hido officer: Corporate Controller 21 EMERALD COURT, CANFIELD OH 44406
Catherine Marie Kramer officer: Vice President-Finance & CFO 14388 CASTLEREAGH LANE, STRONSVILLE OH 44136
Frank N Nichols director 8646 CARDINAL DRIVE, KIRTLAND OH 44094
Frank A Cappello officer: Vice President Finance and CFO SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103
Miller P Charles Jr director SIFCO INDUSTRIES INC, 970 EAST 64TH STREET, CLEVELAND OH 44103

SIFCO Industries (SIFCO Industries) Headlines