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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Marketwise's annualized Net Income for the quarter that ended in Dec. 2023 was $0.6 Mil. Marketwise's average Total Assets over the quarter that ended in Dec. 2023 was $424.3 Mil. Therefore, Marketwise's annualized ROA % for the quarter that ended in Dec. 2023 was 0.13%.
The historical rank and industry rank for Marketwise's ROA % or its related term are showing as below:
During the past 6 years, Marketwise's highest ROA % was 10.12%. The lowest was -286.91%. And the median was 0.42%.
The historical data trend for Marketwise'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.
Marketwise Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
ROA % | Get a 7-Day Free Trial | 10.12 | -191.93 | -286.91 | 4.16 | 0.42 |
Marketwise Quarterly Data | |||||||||||||||||
Dec18 | Dec19 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
ROA % | Get a 7-Day Free Trial | 3.92 | 1.34 | 0.03 | 0.12 | 0.13 |
For the Software - Application subindustry, Marketwise'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 Software industry and Technology sector, Marketwise's ROA % distribution charts can be found below:
* The bar in red indicates where Marketwise's ROA % falls into.
Marketwise'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 ) |
= | 1.782 | / | ( (442.508 | + | 396.555) | / 2 ) | |
= | 1.782 | / | 419.5315 | ||||
= | 0.42 % |
Marketwise'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 ) |
= | 0.556 | / | ( (451.945 | + | 396.555) | / 2 ) | |
= | 0.556 | / | 424.25 | ||||
= | 0.13 % |
* 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.
Marketwise (NAS:MKTW) 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 |
= | 0.556 | / | 424.25 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (0.556 / 448.62) | * | (448.62 / 424.25) |
= | Net Margin % | * | Asset Turnover |
= | 0.12 % | * | 1.0574 |
= | 0.13 % |
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 Marketwise's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Greenhaven Road Investment Management, L.p. | 10 percent owner | 8 SOUND SHORE DRIVE, C/O ROYCE & ASSOCIATES, SUITE 190, GREENWICH CT 06830 |
Glenn H Tongue | director | 600 MONTGOMERY STREET, SUITE 1100, SAN FRANCISCO CA 94111 |
Frank Porter Stansberry | 10 percent owner | 1217 ST. PAUL STREET, BALTIMORE MD 21202 |
Erik Mickels | officer: Chief Financial Officer | 155 108TH AVENUE NE, SUITE 400, BELLEVUE WA 98004 |
Amber Lee Mason | officer: Chief Operating Officer | C/O MARKETWISE, 1125 N. CHARLES STREET, BALTIMORE MD 21201 |
Matthew Joseph Turner | director | C/O MARKETWISE, 1125 N. CHARLES STREET, BALTIMORE MD 21201 |
Matthew Tate Smith | director | C/O MARKETWISE, 1125 N. CHARLES STREET, BALTIMORE MD 21201 |
David Eifrig | director | C/O MARKETWISE, 1125 N. CHARLES STREET, BALTIMORE MD 21201 |
Stephen M Park | officer: Chief Financial Officer | C/O MARKETWISE, 1125 N. CHARLES STREET, BALTIMORE MD 21201 |
Riaan Hodgson | director, officer: Chief Operating Officer | C/O ASCENDANT DIGITAL ACQUISITION CORP., 667 MADISON AVENUE, 5TH FLOOR, NEW YORK NY 10065 |
Greenhaven Road Special Opportunities Fund Lp | 10 percent owner | 8 SOUND SHORE DRIVE, SUITE 190, GREENWICH CT 06830 |
Gary Daniel Anderson | officer: GENERAL COUNSEL | C/O MARKETWISE, 1125 N. CHARLES STREET, BALTIMORE MD 21201 |
Mcginness James Andrew Iii | officer: Corporate Controller | C/O MARKETWISE, 1125 N. CHARLES STREET, BALTIMORE MD 21201 |
Marco Galsim | officer: Chief Information Officer | C/O MARKETWISE, 1125 N. CHARLES STREET, BALTIMORE MD 21201 |
Cynthia Suzanne Cherry | officer: Senior Director of HR | C/O MARKETWISE, 1125 N. CHARLES STREET, BALTIMORE MD 21201 |
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