ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Amerco's annualizedNet Income for the quarter that ended in Jun. 2022 was $1,336 Mil.
Amerco's average Total Assets over the quarter that ended in Jun. 2022 was $17,566 Mil. Therefore, Amerco's annualized ROA % for the quarter that ended in Jun. 2022 was 7.61%.
The historical rank and industry rank for Amerco's ROA % or its related term are showing as below:
UHAL'
s ROA % Range Over the Past 10 Years
Min: 3.28 Med: 5.43 Max: 7.85
Current: 6.69
During the past 13 years, Amerco's highest ROA % was 7.85%. The lowest was 3.28%. And the median was 5.43%.
UHAL's ROA % is ranked better than 67.69% of 1074
companies
in the Business Services industry
Industry Median: 3.60
vs UHAL: 6.69
Amerco ROA % Historical Data
The historical data trend for Amerco'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.
Amerco Annual Data
Trend
Mar13
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
ROA %
7.85
3.28
3.49
4.35
7.03
Amerco Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
ROA %
9.28
10.43
6.84
2.05
7.61
Competitive Comparison
For the Rental & Leasing Services subindustry, Amerco'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.
Amerco ROA % Distribution
For the Business Services industry and Industrials sector, Amerco's ROA % distribution charts can be found below:
* The bar in red indicates where Amerco's ROA % falls into.
Amerco ROA % Calculation
Amerco's annualized ROA % for the fiscal year that ended in Mar. 2022 is calculated as:
* 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. 2022) net income data.
ROA % is displayed in the 30-year financial page.
Amerco (NAS:UHAL) 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:
Note:
The Net Income data used here is four times the quarterly (Jun. 2022) net income data. The Revenue data used here is four times the quarterly (Jun. 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.
Amerco ROA % Related Terms
Thank you for viewing the detailed overview of Amerco's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Amerco Inc is an American provider of rental trucks to household movers. The company operates a fleet of trucks, trailers, and towing devices under the U-Haul brand. The service is targeted at do-it-yourself household movers. Amerco offers its products and services through a network of retail moving stores and independent U-Haul dealers. The company also offers self-storage solutions for household and commercial goods, as well as insurance products covering loss on goods in storage, medical, life, and cargo protection. It operates in three segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance.
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