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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Ortho Clinical Diagnostics Holdings's annualized Net Income for the quarter that ended in Mar. 2022 was $59 Mil. Ortho Clinical Diagnostics Holdings's average Total Assets over the quarter that ended in Mar. 2022 was $3,340 Mil. Therefore, Ortho Clinical Diagnostics Holdings's annualized ROA % for the quarter that ended in Mar. 2022 was 1.77%.
The historical rank and industry rank for Ortho Clinical Diagnostics Holdings's ROA % or its related term are showing as below:
During the past 5 years, Ortho Clinical Diagnostics Holdings's highest ROA % was -0.01%. The lowest was -6.75%. And the median was -5.19%.
The historical data trend for Ortho Clinical Diagnostics Holdings'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.
Ortho Clinical Diagnostics Holdings Annual Data | |||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | ||||||
ROA % | - | -6.75 | -4.31 | -6.06 | -1.61 |
Ortho Clinical Diagnostics Holdings Quarterly Data | ||||||||||||
Dec17 | Dec18 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | |
ROA % | Get a 7-Day Free Trial | -4.60 | -2.39 | 1.78 | -1.19 | 1.77 |
For the Diagnostics & Research subindustry, Ortho Clinical Diagnostics Holdings'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 Medical Diagnostics & Research industry and Healthcare sector, Ortho Clinical Diagnostics Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where Ortho Clinical Diagnostics Holdings's ROA % falls into.
Ortho Clinical Diagnostics Holdings's annualized ROA % for the fiscal year that ended in Dec. 2021 is calculated as:
ROA % | = | Net Income (A: Dec. 2021 ) | / | ( (Total Assets (A: Dec. 2020 ) | + | Total Assets (A: Dec. 2021 )) | / count ) |
= | -54.3 | / | ( (3401.5 | + | 3363.8) | / 2 ) | |
= | -54.3 | / | 3382.65 | ||||
= | -1.61 % |
Ortho Clinical Diagnostics Holdings's annualized ROA % for the quarter that ended in Mar. 2022 is calculated as:
ROA % | = | Net Income (Q: Mar. 2022 ) | / | ( (Total Assets (Q: Dec. 2021 ) | + | Total Assets (Q: Mar. 2022 )) | / count ) |
= | 59.2 | / | ( (3363.8 | + | 3316.4) | / 2 ) | |
= | 59.2 | / | 3340.1 | ||||
= | 1.77 % |
* 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 (Mar. 2022) net income data. ROA % is displayed in the 30-year financial page.
Ortho Clinical Diagnostics Holdings (NAS:OCDX) 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: Mar. 2022 ) | ||
= | Net Income | / | Total Assets |
= | 59.2 | / | 3340.1 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (59.2 / 2000.4) | * | (2000.4 / 3340.1) |
= | Net Margin % | * | Asset Turnover |
= | 2.96 % | * | 0.5989 |
= | 1.77 % |
Note: The Net Income data used here is four times the quarterly (Mar. 2022) net income data. The Revenue data used here is four times the quarterly (Mar. 2022) 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 Ortho Clinical Diagnostics Holdings's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Clifton Yates | director | C/O ORTHO CLINICAL DIAGNOSTICS HOLDINGS 1001 ROUTE 202 RARITAN NJ 08869 |
Chockalingam Palaniappan | officer: Chief Innovation Officer | C/O ORTHO CLINICAL DIAGNOSTICS HOLDINGS 1001 ROUTE 202 RARITAN NJ 08869 |
Christopher M Smith | director, officer: Chairman and CEO | 125 CONSTITUTION DRIVE, MENLO PARK CA 94025 |
Michael S. Iskra | officer: Executive Vice President | C/O ORTHO CLINICAL DIAGNOSTICS HOLDINGS, 1001 ROUTE 202, RARITAN NJ 08869 |
Joseph M Busky | officer: Chief Financial Officer | 1717 DEERFIELD ROAD, DEERFIELD IL 60015 |
Michael A. Schlesinger | officer: EVP, GC and Secretary | C/O ORTHO CLINICAL DIAGNOSTICS HOLDINGS 1001 ROUTE 202 RARITAN NJ 08869 |
Carlyle Partners Vi Cayman Holdings, L.p. | 10 percent owner | C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD., GEORGE TOWN, GRAND CAYMAN E9 KY1-9008 |
Tc Group Vi Cayman, L.l.c. | 10 percent owner | C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004 |
Tc Group Vi Cayman, L.p. | 10 percent owner | C/O WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD., GEORGE TOWN, GRAND CAYMAN E9 KY1-9008 |
Cg Subsidiary Holdings L.l.c. | 10 percent owner | C/O THE CARLYLE GROUP, SUITE 220 SOUTH, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004 |
Tc Group Cayman Investment Holdings Sub L.p. | 10 percent owner | C/O WALKER CORPORATE SERVICES LIMITED, 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9001 |
Carlyle Holdings Ii L.l.c. | 10 percent owner | C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505 |
Carlyle Holdings Ii Gp L.l.c. | 10 percent owner | C/O THE CARLYLE GROUP L.P., 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505 |
Carlyle Group Inc. | 10 percent owner | C/O THE CARLYLE GROUP, 1001 PENNSYLVANIA AVENUE, N.W., WASHINGTON DC 20004 |
Tc Group Cayman Investment Holdings, L.p. | 10 percent owner | C/O WALKERS CORPORATE SERVICES LIMITED, 190 ELGIN AVENUE, GEORGE TOWN, GRAND CAYMAN E9 KY1-9001 |
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