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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. AMC Networks's annualized Net Income for the quarter that ended in Dec. 2023 was $-87 Mil. AMC Networks's average Total Assets over the quarter that ended in Dec. 2023 was $5,180 Mil. Therefore, AMC Networks's annualized ROA % for the quarter that ended in Dec. 2023 was -1.68%.
The historical rank and industry rank for AMC Networks's ROA % or its related term are showing as below:
During the past 13 years, AMC Networks's highest ROA % was 9.91%. The lowest was 0.13%. And the median was 6.60%.
The historical data trend for AMC Networks'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.
AMC Networks Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
ROA % | Get a 7-Day Free Trial | 7.00 | 4.43 | 4.56 | 0.13 | 4.06 |
AMC Networks Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROA % | Get a 7-Day Free Trial | -18.50 | 7.47 | 5.14 | 4.67 | -1.68 |
For the Entertainment subindustry, AMC Networks'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 Media - Diversified industry and Communication Services sector, AMC Networks's ROA % distribution charts can be found below:
* The bar in red indicates where AMC Networks's ROA % falls into.
AMC Networks'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 ) |
= | 215.464 | / | ( (5633.836 | + | 4969.787) | / 2 ) | |
= | 215.464 | / | 5301.8115 | ||||
= | 4.06 % |
AMC Networks's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:
ROA % | = | Net Income (Q: Dec. 2023 ) | / | ( (Total Assets (Q: Sep. 2023 ) | + | Total Assets (Q: Dec. 2023 )) | / count ) |
= | -87.236 | / | ( (5390.785 | + | 4969.787) | / 2 ) | |
= | -87.236 | / | 5180.286 | ||||
= | -1.68 % |
* 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 (Dec. 2023) net income data. ROA % is displayed in the 30-year financial page.
AMC Networks (NAS:AMCX) 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: Dec. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -87.236 | / | 5180.286 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-87.236 / 2715.392) | * | (2715.392 / 5180.286) |
= | Net Margin % | * | Asset Turnover |
= | -3.21 % | * | 0.5242 |
= | -1.68 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 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.
Thank you for viewing the detailed overview of AMC Networks's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew Blank | officer: Interim CEO | TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121 |
James Gallagher | officer: EVP and General Counsel | 11 PENN PLAZA, NEW YORK NY 10001 |
Kimberly Kelleher | officer: Chief Commercial Officer | C/O REDBOX ENTERTAINMENT INC., 1 TOWER LANE, SUITE 800, OAKBROOK TERRACE IL 60181 |
Dan Mcdermott | officer: President - Ent. & AMC Studios | 2425 OLYMPIC BOULEVARD, SANTA MONICA CA 90404 |
Debra Golding Perelman | director | 35 EAST 62ND STREET, NEW YORK NY 10065 |
Dolan Leinauer Corby | other: Trustee of 13D Group Member | BAKER BOTTS L.L.P., 30 ROCKEFELLER PLAZA, NEW YORK NY 10112 |
Patrick O'connell | officer: EVP & Chief Financial Officer | 11 PENN PLAZA, NEW YORK CITY NY 10001 |
Joseph Cohen | director | TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121 |
Joshua W Sapan | officer: President and CEO | 11 PENN PLAZA, NEW YORK NY 10001 |
Christina Spade | officer: COO and CFO | 11 PENN PLAZA, NEW YORK NY 10001 |
Sherin Michael J. Iii | officer: EVP, Chief Accounting Officer | 11 PENN PLAZA, NEW YORK CITY NY 10001 |
Cfd 2021 Gc Trust Fbo Tara E. Dolan | other: Member of 13(d) Group | DOLAN FAMILY OFFICE, LLC, 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797 |
Cfd 2021 Gc Trust Fbo Kevyn A. Dolan | other: Member of 13(d) Group | DOLAN FAMILY OFFICE,LLC, 340 CROSSWAYS PARK DRIVE, WOODBURY NY 11797 |
Aidan J Dolan | director | 11 PENN PLAZA, NEW YORK NY 10001 |
Christian B. Wymbs | officer: EVP & Chief Accounting Officer | AMC NETWORKS INC., 11 PENN PLAZA, NEW YORK NY 10001 |
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