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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Fiduciary/Claymore Energy Infrastructure Fund's annualized Net Income for the quarter that ended in Nov. 2021 was $-3.12 Mil. Fiduciary/Claymore Energy Infrastructure Fund's average Total Assets over the quarter that ended in Nov. 2021 was $101.53 Mil. Therefore, Fiduciary/Claymore Energy Infrastructure Fund's annualized ROA % for the quarter that ended in Nov. 2021 was -3.08%.
The historical rank and industry rank for Fiduciary/Claymore Energy Infrastructure Fund's ROA % or its related term are showing as below:
The historical data trend for Fiduciary/Claymore Energy Infrastructure Fund'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.
Fiduciary/Claymore Energy Infrastructure Fund Annual Data | |||||||||||
Trend | Nov17 | Nov18 | Nov19 | Nov20 | Nov21 | ||||||
ROA % | -6.99 | 1.82 | -9.66 | -72.40 | 38.02 |
Fiduciary/Claymore Energy Infrastructure Fund Semi-Annual Data | |||||||||
Nov17 | May18 | Nov18 | May19 | Nov19 | May20 | Nov20 | May21 | Nov21 | |
ROA % | Get a 7-Day Free Trial | -24.38 | -138.20 | -6.85 | 77.08 | -3.08 |
For the Asset Management subindustry, Fiduciary/Claymore Energy Infrastructure Fund'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 Asset Management industry and Financial Services sector, Fiduciary/Claymore Energy Infrastructure Fund's ROA % distribution charts can be found below:
* The bar in red indicates where Fiduciary/Claymore Energy Infrastructure Fund's ROA % falls into.
Fiduciary/Claymore Energy Infrastructure Fund's annualized ROA % for the fiscal year that ended in Nov. 2021 is calculated as:
ROA % | = | Net Income (A: Nov. 2021 ) | / | ( (Total Assets (A: Nov. 2020 ) | + | Total Assets (A: Nov. 2021 )) | / count ) |
= | 34.342 | / | ( (81.947 | + | 98.686) | / 2 ) | |
= | 34.342 | / | 90.3165 | ||||
= | 38.02 % |
Fiduciary/Claymore Energy Infrastructure Fund's annualized ROA % for the quarter that ended in Nov. 2021 is calculated as:
ROA % | = | Net Income (Q: Nov. 2021 ) | / | ( (Total Assets (Q: May. 2021 ) | + | Total Assets (Q: Nov. 2021 )) | / count ) |
= | -3.122 | / | ( (104.368 | + | 98.686) | / 2 ) | |
= | -3.122 | / | 101.527 | ||||
= | -3.08 % |
* 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 (Nov. 2021) net income data. ROA % is displayed in the 30-year financial page.
Fiduciary/Claymore Energy Infrastructure Fund (NYSE:FMO) 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: Nov. 2021 ) | ||
= | Net Income | / | Total Assets |
= | -3.122 | / | 101.527 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-3.122 / -4.538) | * | (-4.538 / 101.527) |
= | Net Margin % | * | Asset Turnover |
= | 68.8 % | * | -0.0447 |
= | -3.08 % |
Note: The Net Income data used here is two times the semi-annual (Nov. 2021) net income data. The Revenue data used here is two times the semi-annual (Nov. 2021) 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 Fiduciary/Claymore Energy Infrastructure Fund's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew Sallee | other: Portfolio Manager | 5100 W. 115TH PLACE, LEAWOOD KS 66211 |
Toupin Ronald E Jr | director, other: Trustee | 117 ASHLAND AVENUE, RIVER FOREST IL 60305 |
Sandra G Sponem | director, other: Trustee | 800 NICOLLET MALL, J1012057, MINNEAPOLIS MN 55402-7020 |
Lydon Thomas F Jr | director, other: Trustee | |
Angela Brock-kyle | director, other: Trustee | 3700 COLONNADE PARKWAY, BIRMINGHAM AL 35243 |
Quinn Thomas Kiley | other: Portfolio Manager | 8235 FORSYTH BOULEVARD, SUITE 700, CLAYTON MO 63105 |
William Rehder | officer: Assistant Vice President | 227 W MONROE STREET, CHICAGO IL 60606 |
Jon Szafran | officer: Assistant Treasurer | 227 W. MONROE STREET, CHICAGO IL 60606 |
Brian E. Binder | officer: President and CEO | C/O ANJIE LAROCCA, DEUTSCHE BANK, 60 WALL STREET, NEW YORK NY 11752 |
Randall C Barnes | director, other: Trustee | 2455 CORPORATE WEST DRIVE, LISLE IL 60187 |
Cunnane James J Jr | other: portfolio manager | FIDUCIARY ASSET MANAGEMENT LLC, 8112 MARYLAND AVE, SUITE 200, ST. LOUIS MO 63105 |
Maynard F. Oliverius | director, other: Trustee | 2455 CORPORATE WEST DRIVE, LISLE IL 60532 |
Keith David Kemp | officer: Assistant Treasurer | MACQUARIE FUND ADVISER LLC, 125 WEST 55TH STREET, NEW YORK NY 10019 |
Glenn Mcwhinnie | officer: Assistant Treasurer | 227 W. MONROE STREET, CHICAGO IL 60606 |
Adam J Nelson | officer: Assistant Treasurer | 227 WEST MONROE STREET, CHICAGO IL 60606 |
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