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Vantage Energy Acquisition ROA %

: 0.03% (As of Dec. 2018)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Vantage Energy Acquisition's annualized Net Income for the quarter that ended in Dec. 2018 was $0.16 Mil. Vantage Energy Acquisition's average Total Assets over the quarter that ended in Dec. 2018 was $561.07 Mil. Therefore, Vantage Energy Acquisition's annualized ROA % for the quarter that ended in Dec. 2018 was 0.03%.

The historical rank and industry rank for Vantage Energy Acquisition's ROA % or its related term are showing as below:

VEACU' s ROA % Range Over the Past 10 Years
Min: 0.72   Med: 0.72   Max: 0.73
Current: 0.73

During the past 2 years, Vantage Energy Acquisition's highest ROA % was 0.73%. The lowest was 0.72%. And the median was 0.72%.

VEACU's ROA % is not ranked
in the Conglomerates industry.
Industry Median: 2.60 vs VEACU: 0.73

Vantage Energy Acquisition ROA % Historical Data

The historical data trend for Vantage Energy Acquisition'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.

Vantage Energy Acquisition Annual Data
Trend Dec17 Dec18
ROA %
- 0.72

Vantage Energy Acquisition Quarterly Data
Feb17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
ROA % Premium Member Only Premium Member Only Premium Member Only - 0.90 0.71 1.27 0.03

Competitive Comparison

For the Conglomerates subindustry, Vantage Energy Acquisition'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.

   

Vantage Energy Acquisition ROA % Distribution

For the Conglomerates industry and Industrials sector, Vantage Energy Acquisition's ROA % distribution charts can be found below:

* The bar in red indicates where Vantage Energy Acquisition's ROA % falls into.



Vantage Energy Acquisition ROA % Calculation

Vantage Energy Acquisition'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 )
=4.048/( (554.943+562.313)/ 2 )
=4.048/558.628
=0.72 %

Vantage Energy Acquisition's annualized ROA % for the quarter that ended in Dec. 2018 is calculated as:

ROA %=Net Income (Q: Dec. 2018 )/( (Total Assets (Q: Sep. 2018 )+Total Assets (Q: Dec. 2018 ))/ count )
=0.16/( (559.826+562.313)/ 2 )
=0.16/561.0695
=0.03 %

* 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. 2018) net income data. ROA % is displayed in the 30-year financial page.


Vantage Energy Acquisition  (NAS:VEACU) 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: Dec. 2018 )
=Net Income/Total Assets
=0.16/561.0695
=(Net Income / Revenue)*(Revenue / Total Assets)
=(0.16 / 0)*(0 / 561.0695)
=Net Margin %*Asset Turnover
=N/A %*0
=0.03 %

Note: The Net Income data used here is four times the quarterly (Dec. 2018) net income data. The Revenue data used here is four times the quarterly (Dec. 2018) 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.


Vantage Energy Acquisition ROA % Related Terms

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Vantage Energy Acquisition Business Description

Vantage Energy Acquisition logo
Traded in Other Exchanges
N/A
Address
5221 N. O’Connor Boulevard, 11th Floor, Irving, TX, USA, 75039
Website
Vantage Energy Acquisition Corp is a blank check company.
Executives
Glick Craig S director 6122 NORWAY DALLAS TX 75230
Gieselman Scott director REG NEWCO, INC. 416 S. BELL AVENUE AMES IA 50010
Gannon Justin A. director 3 CHESTER DOWNS SAN ANTONIO TX 78257
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