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Lifeist Wellness (Lifeist Wellness) ROA % : -54.81% (As of Aug. 2023)


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What is Lifeist Wellness ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Lifeist Wellness's annualized Net Income for the quarter that ended in Aug. 2023 was $-7.03 Mil. Lifeist Wellness's average Total Assets over the quarter that ended in Aug. 2023 was $12.83 Mil. Therefore, Lifeist Wellness's annualized ROA % for the quarter that ended in Aug. 2023 was -54.81%.

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

LFSWF' s ROA % Range Over the Past 10 Years
Min: -307.37   Med: -58.16   Max: -35.63
Current: -65.85

During the past 13 years, Lifeist Wellness's highest ROA % was -35.63%. The lowest was -307.37%. And the median was -58.16%.

LFSWF's ROA % is ranked worse than
89.48% of 1084 companies
in the Drug Manufacturers industry
Industry Median: 1.6 vs LFSWF: -65.85

Lifeist Wellness ROA % Historical Data

The historical data trend for Lifeist Wellness'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.

Lifeist Wellness ROA % Chart

Lifeist Wellness Annual Data
Trend Mar13 Mar14 Mar15 Aug16 Aug17 Aug18 Nov19 Nov20 Nov21 Nov22
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -54.34 -90.33 -49.48 -62.91 -50.35

Lifeist Wellness Quarterly Data
May18 Aug18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 Aug23
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 -50.17 -26.00 -128.82 -69.25 -54.81

Competitive Comparison of Lifeist Wellness's ROA %

For the Drug Manufacturers - Specialty & Generic subindustry, Lifeist Wellness'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.


Lifeist Wellness's ROA % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Lifeist Wellness's ROA % distribution charts can be found below:

* The bar in red indicates where Lifeist Wellness's ROA % falls into.



Lifeist Wellness ROA % Calculation

Lifeist Wellness's annualized ROA % for the fiscal year that ended in Nov. 2022 is calculated as:

ROA %=Net Income (A: Nov. 2022 )/( (Total Assets (A: Nov. 2021 )+Total Assets (A: Nov. 2022 ))/ count )
=-11.47/( (30.204+15.359)/ 2 )
=-11.47/22.7815
=-50.35 %

Lifeist Wellness's annualized ROA % for the quarter that ended in Aug. 2023 is calculated as:

ROA %=Net Income (Q: Aug. 2023 )/( (Total Assets (Q: Feb. 2023 )+Total Assets (Q: Aug. 2023 ))/ count )
=-7.032/( (13.014+12.646)/ 2 )
=-7.032/12.83
=-54.81 %

* 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 (Aug. 2023) net income data. ROA % is displayed in the 30-year financial page.


Lifeist Wellness  (OTCPK:LFSWF) 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: Aug. 2023 )
=Net Income/Total Assets
=-7.032/12.83
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-7.032 / 14.224)*(14.224 / 12.83)
=Net Margin %*Asset Turnover
=-49.44 %*1.1087
=-54.81 %

Note: The Net Income data used here is four times the quarterly (Aug. 2023) net income data. The Revenue data used here is four times the quarterly (Aug. 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.


Lifeist Wellness ROA % Related Terms

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Lifeist Wellness (Lifeist Wellness) Business Description

Traded in Other Exchanges
Address
18 Canso Road, Etobicoke, Toronto, ON, CAN, M9W 4L8
Lifeist Wellness Inc is a portfolio wellness company leveraging advancements in science and technology. Its portfolio of brands includes: CannMart Inc, a distributor of licensed and in-house branded adult-use cannabis and cannabis derived products in Canada; CannMart Marketplace Inc operates CannMart.com, an online marketplace for hemp-derived CBD and accessories in the U.S.; CannMart Labs Inc, licensed facility for BHO (butane hash oil) extraction within Canada; Findify, an artificial intelligence-powered technology platform, delivering solutions such as personalized search, recommendations, and advanced data analytics; Australian Vapes online supplier of hardware, including vaporizers, and related accessories and Mikra, a biosciences and consumer wellness company.