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SRAX (SRAX) ROE % : -54,557.14% (As of Sep. 2022)


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What is SRAX ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. SRAX's annualized net income for the quarter that ended in Sep. 2022 was $-15.28 Mil. SRAX's average Total Stockholders Equity over the quarter that ended in Sep. 2022 was $0.03 Mil. Therefore, SRAX's annualized ROE % for the quarter that ended in Sep. 2022 was -54,557.14%.

The historical rank and industry rank for SRAX's ROE % or its related term are showing as below:

SRAX's ROE % is not ranked *
in the Media - Diversified industry.
Industry Median: 2.49
* Ranked among companies with meaningful ROE % only.

SRAX ROE % Historical Data

The historical data trend for SRAX's ROE % 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.

SRAX ROE % Chart

SRAX Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -176.85 87.37 -126.72 -92.69 -173.94

SRAX Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
ROE % 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 -45.47 -293.44 65.58 -719.86 -54,557.14

Competitive Comparison of SRAX's ROE %

For the Advertising Agencies subindustry, SRAX's ROE %, along with its competitors' market caps and ROE % 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.


SRAX's ROE % Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, SRAX's ROE % distribution charts can be found below:

* The bar in red indicates where SRAX's ROE % falls into.



SRAX ROE % Calculation

SRAX's annualized ROE % for the fiscal year that ended in Dec. 2021 is calculated as

ROE %=Net Income (A: Dec. 2021 )/( (Total Stockholders Equity (A: Dec. 2020 )+Total Stockholders Equity (A: Dec. 2021 ))/ count )
=-34.762/( (19.225+20.746)/ 2 )
=-34.762/19.9855
=-173.94 %

SRAX's annualized ROE % for the quarter that ended in Sep. 2022 is calculated as

ROE %=Net Income (Q: Sep. 2022 )/( (Total Stockholders Equity (Q: Jun. 2022 )+Total Stockholders Equity (Q: Sep. 2022 ))/ count )
=-15.276/( (0.863+-0.807)/ 2 )
=-15.276/0.028
=-54,557.14 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Sep. 2022) net income data. ROE % is displayed in the 30-year financial page.


SRAX  (OTCPK:SRAX) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2022 )
=Net Income/Total Stockholders Equity
=-15.276/0.028
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-15.276 / 21.236)*(21.236 / 31.8435)*(31.8435 / 0.028)
=Net Margin %*Asset Turnover*Equity Multiplier
=-71.93 %*0.6669*1137.2679
=ROA %*Equity Multiplier
=-47.97 %*1137.2679
=-54,557.14 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2022 )
=Net Income/Total Stockholders Equity
=-15.276/0.028
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-15.276 / -15.276) * (-15.276 / 3.44) * (3.44 / 21.236) * (21.236 / 31.8435) * (31.8435 / 0.028)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * -4.4407 * 16.2 % * 0.6669 * 1137.2679
=-54,557.14 %

Note: The net income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


SRAX ROE % Related Terms

Thank you for viewing the detailed overview of SRAX's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


SRAX (SRAX) Business Description

Traded in Other Exchanges
N/A
Address
2629 Townsgate Road, Suite 215, Westlake Village, CA, USA, 91361
SRAX Inc is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, companies can track investors behavior and trends and use those insights to engage current and potential investors across marketing channels.
Executives
Christopher Miglino director, 10 percent owner, officer: See Remarks 479 N. RODEO DRIVE, SUITE E 308, BEVERLY HILLS CA 90210
Michael Malone officer: Chief Financial Officer 191 OTTO STREET, PORT TOWNSEND WA 98368
Behzad Christopher Lahiji director, officer: Pres., LD Micro (Subsidiary) 1408 GRANT STREET, SANTA MONICA CA 90405
Marc Savas director 8033 SUNSET BLVD., BOX 873, LOS ANGELES CA 90046
Malcolm Westley Casselle director 4535 W SAHARA AVE., #200, LAS VEGAS NV 89102
Diclaudio Colleen director 456 SEATON STREET, LOS ANGELES CA 90013
Robert James Jordan director 456 SEATON STRET, LOS ANGELES CA 90013
Michael Thomas Malone officer: Chief Financial Officer 525 WEST 28 TH ST., APT. 160, NEW YORK NY 10001
Joseph Patrick Hannan officer: Chief Financial Officer 18872 MACARTHUR BLVD., SUITE 200, IRVINE CA 92612
Derek James Ferguson director 135 HAWTHORN AVE., GLENCOE IL 60022
Anthony Packer director 6505 KILBERRY LANE, CHARLOTTE NC 28277
Rahul Thumati officer: Chief Financial Officer 1630 S. EUCLID AVENUE, SAN MARINO CA 91108
Rodney J Dillman director BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Carrie E Mcqueen officer: Chief Financial Officer 11545 W. BERNARDO COURT, SUITE 301, SAN DIEGO CA 92127
Richard Steel director, officer: President 2052 PEBBLE DRIVE, ALAMO CA 94507