ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. CURO Group Holdings's annualizedNet Income for the quarter that ended in Sep. 2023 was $-417.8 Mil.
CURO Group Holdings's average Total Assets over the quarter that ended in Sep. 2023 was $2,260.9 Mil. Therefore, CURO Group Holdings's annualized ROA % for the quarter that ended in Sep. 2023 was -18.48%.
The historical rank and industry rank for CURO Group Holdings's ROA % or its related term are showing as below:
CUROQ'
s ROA % Range Over the Past 10 Years
Min: -11.38 Med: 4.63 Max: 11.14
Current: -11.38
During the past 9 years, CURO Group Holdings's highest ROA % was 11.14%. The lowest was -11.38%. And the median was 4.63%.
CUROQ's ROA % is ranked worse than 91.26% of 538
companies
in the Credit Services industry
Industry Median: 1.845
vs CUROQ: -11.38
CURO Group Holdings ROA % Historical Data
The historical data trend for CURO Group Holdings'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 CURO Group Holdings's ROA %
For the Credit Services subindustry, CURO Group Holdings'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.
CURO Group Holdings's ROA % Distribution in the Credit Services Industry
For the Credit Services industry and Financial Services sector, CURO Group Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where CURO Group Holdings's ROA % falls into.
CURO Group Holdings ROA % Calculation
CURO Group Holdings's annualized ROA % for the fiscal year that ended in Dec. 2022 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. 2023) net income data.
ROA % is displayed in the 30-year financial page.
CURO Group Holdings (OTCPK:CUROQ) 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. 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.
CURO Group Holdings ROA % Related Terms
Thank you for viewing the detailed overview of CURO Group Holdings's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
CURO Group Holdings (CURO Group Holdings) Business Description
CURO Group Holdings Corp is a consumer finance company serving a full spectrum of non-prime, near-prime and prime consumers in portions of the U.S. and Canada. It offers a broad range of consumer finance products including unsecured installment loans, secured installment loans, open-end loans, and single-pay loans. The company also provides ancillary financial products including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance in the Canadian market, gold buying, retail installment sales, and money transfer services. The firm operates under three segments: US, Canada Direct Lending, and Canada POS Lending.
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