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Elysee Development (TSXV:ELC) ROA % : 9.81% (As of Mar. 2024)


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What is Elysee Development ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Elysee Development's annualized Net Income for the quarter that ended in Mar. 2024 was C$1.11 Mil. Elysee Development's average Total Assets over the quarter that ended in Mar. 2024 was C$11.33 Mil. Therefore, Elysee Development's annualized ROA % for the quarter that ended in Mar. 2024 was 9.81%.

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

TSXV:ELC' s ROA % Range Over the Past 10 Years
Min: -30.15   Med: 9.8   Max: 36.48
Current: -28.5

During the past 13 years, Elysee Development's highest ROA % was 36.48%. The lowest was -30.15%. And the median was 9.80%.

TSXV:ELC's ROA % is ranked worse than
95.22% of 1715 companies
in the Asset Management industry
Industry Median: 2.89 vs TSXV:ELC: -28.50

Elysee Development ROA % Historical Data

The historical data trend for Elysee Development'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.

Elysee Development ROA % Chart

Elysee Development Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.40 23.65 0.21 -13.79 -30.15

Elysee Development Quarterly Data
May19 Aug19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROA % Get a 7-Day Free Trial 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 14.59 -28.07 -40.00 -69.50 9.81

Competitive Comparison of Elysee Development's ROA %

For the Asset Management subindustry, Elysee Development'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.


Elysee Development's ROA % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Elysee Development's ROA % distribution charts can be found below:

* The bar in red indicates where Elysee Development's ROA % falls into.



Elysee Development ROA % Calculation

Elysee Development's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=-4.034/( (15.537+11.22)/ 2 )
=-4.034/13.3785
=-30.15 %

Elysee Development's annualized ROA % for the quarter that ended in Mar. 2024 is calculated as:

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=1.112/( (11.22+11.445)/ 2 )
=1.112/11.3325
=9.81 %

* 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 (Mar. 2024) net income data. ROA % is displayed in the 30-year financial page.


Elysee Development  (TSXV:ELC) 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: Mar. 2024 )
=Net Income/Total Assets
=1.112/11.3325
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.112 / -0.352)*(-0.352 / 11.3325)
=Net Margin %*Asset Turnover
=-315.91 %*-0.0311
=9.81 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 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.


Elysee Development ROA % Related Terms

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Elysee Development (TSXV:ELC) Business Description

Traded in Other Exchanges
Address
1021 West Hastings Street, 9th Floor, Vancouver, BC, CAN, V6E 0C3
Elysee Development Corp is a diversified investment and venture capital firm with a focus on publicly traded companies in the natural resource sector. is an investment issuer with an actively managed investment portfolio of common shares and other securities, and investments cover a broad range of activities with a focus on natural resources and in particular the precious metals sector. Its investment activities are currently concentrated on junior exploration and mining companies active in the gold and silver sector as well as several technology companies.
Executives
Guido Cloetens 10% Security Holder, Director, Senior Officer

Elysee Development (TSXV:ELC) Headlines

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