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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Advanced Disposal Services's annualized Net Income for the quarter that ended in Jun. 2020 was $25 Mil. Advanced Disposal Services's average Total Assets over the quarter that ended in Jun. 2020 was $3,513 Mil. Therefore, Advanced Disposal Services's annualized ROA % for the quarter that ended in Jun. 2020 was 0.71%.
The historical rank and industry rank for Advanced Disposal Services's ROA % or its related term are showing as below:
During the past 8 years, Advanced Disposal Services's highest ROA % was 1.05%. The lowest was -3.25%. And the median was -0.51%.
The historical data trend for Advanced Disposal Services'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.
Advanced Disposal Services Annual Data | |||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | |||||||||
ROA % | Get a 7-Day Free Trial | -0.97 | -0.90 | 1.12 | 0.27 | -0.19 |
Advanced Disposal Services Quarterly Data | ||||||||||||||||||||
Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | |
ROA % | Get a 7-Day Free Trial | -0.11 | 0.41 | -0.36 | -0.71 | 0.71 |
For the Waste Management subindustry, Advanced Disposal Services'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 Waste Management industry and Industrials sector, Advanced Disposal Services's ROA % distribution charts can be found below:
* The bar in red indicates where Advanced Disposal Services's ROA % falls into.
Advanced Disposal Services's annualized ROA % for the fiscal year that ended in Dec. 2019 is calculated as:
ROA % | = | Net Income (A: Dec. 2019 ) | / | ( (Total Assets (A: Dec. 2018 ) | + | Total Assets (A: Dec. 2019 )) | / count ) |
= | -6.6 | / | ( (3528.3 | + | 3543.5) | / 2 ) | |
= | -6.6 | / | 3535.9 | ||||
= | -0.19 % |
Advanced Disposal Services's annualized ROA % for the quarter that ended in Jun. 2020 is calculated as:
ROA % | = | Net Income (Q: Jun. 2020 ) | / | ( (Total Assets (Q: Mar. 2020 ) | + | Total Assets (Q: Jun. 2020 )) | / count ) |
= | 24.8 | / | ( (3522.3 | + | 3502.9) | / 2 ) | |
= | 24.8 | / | 3512.6 | ||||
= | 0.71 % |
* 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. 2020) net income data. ROA % is displayed in the 30-year financial page.
Advanced Disposal Services (NYSE:ADSW) 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. 2020 ) | ||
= | Net Income | / | Total Assets |
= | 24.8 | / | 3512.6 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (24.8 / 1521.2) | * | (1521.2 / 3512.6) |
= | Net Margin % | * | Asset Turnover |
= | 1.63 % | * | 0.4331 |
= | 0.71 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2020) net income data. The Revenue data used here is four times the quarterly (Jun. 2020) 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 Advanced Disposal Services's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Tanuja M Dehne | director | C/O SILVER BAY REALTY TRUST CORP., 601 CARLSON PARKWAY, SUITE 250, MINNETONKA MN 55305 |
E Renae Conley | director | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
B Clyde Preslar | director | 305 GREGSON DRIVE, CARY NC 27518 |
Melissa Westerman | officer: Chief Accounting Officer | 5950 HAZELTINE NATIONAL DRIVE, SUITE 650, ORLANDO FL 32822 |
Burke Richard L. Jr. | director, officer: Chief Exec. Officer & Director | 90 FORT WADE ROAD, PONTE VEDRA FL 32081 |
John S. Spegal | officer: Chief Operating Officer | 90 FORT WADE ROAD PONTE VEDRA FL 32081 |
Steven R. Carn | officer: Executive Vice President & CFO | 90 FORT WADE ROAD PONTE VEDRA FL 32081 |
Michael K Slattery | officer: Senior VP, Gen Coun, Secretary | 90 FORT WADE ROAD PONTE VEDRA FL 32081 |
Michael J Hoffman | director | 1400 WEST 94TH STREET, BLOOMINGTON MN 55431 |
Ernest J Mrozek | director | SERVICE MASTER, 2300 WARRENVILLE ROAD, DOWNERS GROVE IL 60515 |
Highstar Capital Lp | 10 percent owner | 277 PARK AVENUE, 45TH FLOOR, NEW YORK NY 10172 |
Star Atlantic Waste Holdings, L.p. | 10 percent owner | 277 PARK AVENUE, 45TH FLOOR NEW YORK NY 10172 |
Star Atlantic Gp, Inc. | 10 percent owner | 277 PARK AVENUE, 45TH FLOOR NEW YORK NY 10172 |
Matthew C. Gunnelson | officer: Chief Accounting Officer | 90 FORT WADE ROAD PONTE VEDRA FL 32081 |
William W. Westrate | officer: Chief Administrative Officer | 90 FORT WADE ROAD PONTE VEDRA FL 32081 |
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