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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Ascent Capital Group's annualized Net Income for the quarter that ended in Jun. 2019 was $2,515.6 Mil. Ascent Capital Group's average Total Assets over the quarter that ended in Jun. 2019 was $707.1 Mil. Therefore, Ascent Capital Group's annualized ROA % for the quarter that ended in Jun. 2019 was 355.75%.
The historical rank and industry rank for Ascent Capital Group's ROA % or its related term are showing as below:
The historical data trend for Ascent Capital Group'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.
Ascent Capital Group Annual Data | |||||||||||||||||||||
Trend | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | |||||||||||
ROA % | Get a 7-Day Free Trial | -1.72 | -3.85 | -4.24 | -5.14 | -40.25 |
Ascent Capital Group Quarterly Data | ||||||||||||||||||||
Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | |
ROA % | Get a 7-Day Free Trial | -51.25 | -8.91 | -94.84 | -7.96 | 355.75 |
For the Security & Protection Services subindustry, Ascent Capital Group'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 Business Services industry and Industrials sector, Ascent Capital Group's ROA % distribution charts can be found below:
* The bar in red indicates where Ascent Capital Group's ROA % falls into.
Ascent Capital Group's annualized ROA % for the fiscal year that ended in Dec. 2018 is calculated as:
ROA % | = | Net Income (A: Dec. 2018 ) | / | ( (Total Assets (A: Dec. 2017 ) | + | Total Assets (A: Dec. 2018 )) | / count ) |
= | -698.044 | / | ( (2054.985 | + | 1413.544) | / 2 ) | |
= | -698.044 | / | 1734.2645 | ||||
= | -40.25 % |
Ascent Capital Group's annualized ROA % for the quarter that ended in Jun. 2019 is calculated as:
ROA % | = | Net Income (Q: Jun. 2019 ) | / | ( (Total Assets (Q: Mar. 2019 ) | + | Total Assets (Q: Jun. 2019 )) | / count ) |
= | 2515.604 | / | ( (1384.048 | + | 30.193) | / 2 ) | |
= | 2515.604 | / | 707.1205 | ||||
= | 355.75 % |
* 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 (Jun. 2019) net income data. ROA % is displayed in the 30-year financial page.
Ascent Capital Group (OTCPK:ASCMA) 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: Jun. 2019 ) | ||
= | Net Income | / | Total Assets |
= | 2515.604 | / | 707.1205 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (2515.604 / 512.364) | * | (512.364 / 707.1205) |
= | Net Margin % | * | Asset Turnover |
= | 490.98 % | * | 0.7246 |
= | 355.75 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2019) net income data. The Revenue data used here is four times the quarterly (Jun. 2019) 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 Ascent Capital Group's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Thomas Patrick Mcmillin | director | C/O WIDEOPENWEST, INC., 7887 EAST BELLEVIEW AVENUE, SUITE 1000, ENGLEWOOD CO 80111 |
John C Malone | 10 percent owner | 12300 LIBERTY BLVD, ENGLEWOOD CO 80112 |
Jeffery R Gardner | director, officer: Executive Vice President | ONE ALLIED DRIVE, LITTLE ROCK AR 72202 |
William R Fitzgerald | director, 10 percent owner, officer: Chairman | 2431 EAST 61ST STREET STE 800, TULSA OK 74136 |
Charles Y Tanabe | director | 123 LIBERTY BLVD, ENGLEWOOD CO 80112 |
Brigade Capital Management, Lp | 10 percent owner | 399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022 |
Brigade Capital Management Gp, Llc | 10 percent owner | 399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022 |
Morgan Donald E Iii | 10 percent owner | C/O BRIGADE CAPITAL MANAGEMENT, LLC, 717 FIFTH AVENUE, SUITE 1301, NEW YORK NY 10022 |
Brigade Leveraged Capital Structures Fund Ltd. | 10 percent owner | ONE NEXUS WAY, CAMANA BAY, GRAND CAYMAN E9 KY1-9005 |
Ahmet H Okumus | 10 percent owner | C/O OKUMUS FUND MANAGEMENT LTD., 767 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10022 |
Okumus Fund Management Ltd. | 10 percent owner | 767 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10017 |
Okumus Opportunistic Value Fund Ltd. | 10 percent owner | CRAIGMUIR CHAMBERS, SUITE 71, ROAD TOWN, TORTOLA D8 VG 1110 |
Carl E Vogel | director | C/O SIRIUS XM RADIO INC., 1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020 |
Brian Deevy | director | C/O TICKETMASTER, 8800 WEST SUNSET BLVD., WEST HOLLYWOOD CA 90069 |
Richard Walker | officer: Executive Vice President | C/O SERVICESOURCE INTERNATIONAL, INC., 717 17TH STREET, 5TH FLOOR, DENVER CO 80202 |
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