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Calamos L/S Equity & Dynamic Trust (Calamos L/S Equity & Dynamic Trust) ROA % : -2.31% (As of Oct. 2023)


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What is Calamos L/S Equity & Dynamic Trust ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Calamos L/S Equity & Dynamic Trust's annualized Net Income for the quarter that ended in Oct. 2023 was $-15.37 Mil. Calamos L/S Equity & Dynamic Trust's average Total Assets over the quarter that ended in Oct. 2023 was $664.59 Mil. Therefore, Calamos L/S Equity & Dynamic Trust's annualized ROA % for the quarter that ended in Oct. 2023 was -2.31%.

The historical rank and industry rank for Calamos L/S Equity & Dynamic Trust's ROA % or its related term are showing as below:

CPZ' s ROA % Range Over the Past 10 Years
Min: -5.67   Med: -2   Max: 16.81
Current: 1.6

During the past 4 years, Calamos L/S Equity & Dynamic Trust's highest ROA % was 16.81%. The lowest was -5.67%. And the median was -2.00%.

CPZ's ROA % is ranked worse than
57.55% of 1715 companies
in the Asset Management industry
Industry Median: 2.89 vs CPZ: 1.60

Calamos L/S Equity & Dynamic Trust ROA % Historical Data

The historical data trend for Calamos L/S Equity & Dynamic Trust'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.

Calamos L/S Equity & Dynamic Trust ROA % Chart

Calamos L/S Equity & Dynamic Trust Annual Data
Trend Oct20 Oct21 Oct22 Oct23
ROA %
-5.52 16.81 -5.67 1.52

Calamos L/S Equity & Dynamic Trust Semi-Annual Data
Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23
ROA % Get a 7-Day Free Trial -2.83 -2.77 -8.52 5.56 -2.31

Competitive Comparison of Calamos L/S Equity & Dynamic Trust's ROA %

For the Asset Management subindustry, Calamos L/S Equity & Dynamic Trust'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.


Calamos L/S Equity & Dynamic Trust's ROA % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Calamos L/S Equity & Dynamic Trust's ROA % distribution charts can be found below:

* The bar in red indicates where Calamos L/S Equity & Dynamic Trust's ROA % falls into.



Calamos L/S Equity & Dynamic Trust ROA % Calculation

Calamos L/S Equity & Dynamic Trust's annualized ROA % for the fiscal year that ended in Oct. 2023 is calculated as:

ROA %=Net Income (A: Oct. 2023 )/( (Total Assets (A: Oct. 2022 )+Total Assets (A: Oct. 2023 ))/ count )
=11.012/( (734.066+717.559)/ 2 )
=11.012/725.8125
=1.52 %

Calamos L/S Equity & Dynamic Trust's annualized ROA % for the quarter that ended in Oct. 2023 is calculated as:

ROA %=Net Income (Q: Oct. 2023 )/( (Total Assets (Q: Apr. 2023 )+Total Assets (Q: Oct. 2023 ))/ count )
=-15.374/( (611.624+717.559)/ 2 )
=-15.374/664.5915
=-2.31 %

* 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 two times the semi-annual (Oct. 2023) net income data. ROA % is displayed in the 30-year financial page.


Calamos L/S Equity & Dynamic Trust  (NAS:CPZ) 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: Oct. 2023 )
=Net Income/Total Assets
=-15.374/664.5915
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-15.374 / -12.824)*(-12.824 / 664.5915)
=Net Margin %*Asset Turnover
=119.88 %*-0.0193
=-2.31 %

Note: The Net Income data used here is two times the semi-annual (Oct. 2023) net income data. The Revenue data used here is two times the semi-annual (Oct. 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.


Calamos L/S Equity & Dynamic Trust ROA % Related Terms

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Calamos L/S Equity & Dynamic Trust (Calamos L/S Equity & Dynamic Trust) Business Description

Traded in Other Exchanges
N/A
Address
2020 Calamos Court, Naperville, IL, USA, 60563-2787
Calamos L/S Equity & Dynamic Inc Trust is a trust company which seeks to provide current income and risk-managed capital appreciation. The company invests in securities across sectors such as Industrials, Healthcare, Financials, Consumer Discretionary and others.
Executives
John S. Koudounis officer: Vice President 2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos John P Sr director, officer: President and Chairman 2020 CALAMOS COURT, NAPERVILLE IL 60563
Erik D. Ojala officer: VP, Sec'y & Chief Legal Off. 2020 CALAMOS CT., NAPERVILLE IL 60563
Susan L Schoenberger officer: VP and Assistant Secretary 2020 CALAMOS COURT, NAPERVILLE IL 60563
Daniel Dufresne officer: Vice President 2020 CALAMOS COURT, NAPERVILLE IL 60563
Christopher M Toub director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Robert Behan officer: Vice President 2020 CALAMOS COURT, NAPERVILLE IL 60563
Thomas E Herman officer: VP and CFO 2020 CALAMOS COURT, NAPERVILLE IL 60563
Stephen Atkins officer: Treasurer 2020 CALAMOS COURT, NAPERVILLE IL 60563
Karen Stuckey director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Calamos Advisors Llc other: Investment Adviser 2020 CALAMOS COURT, NAPERVILLE IL 60563
Stephen B Timbers director 2020 CALAMOS COURT, NAPERVILLE IL 60563
Mark Mickey officer: Chief Compliance Officer 2020 CALAMOS COURT, NAPERVILLE IL 60563
William R Rybak director 2020 CALAMOS COURT, NAPERVILE IL 60563
John E Neal director 2020 CALAMOS COURT, NAPERVILLE X1 60563