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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. ChannelAdvisor's annualized Net Income for the quarter that ended in Sep. 2022 was $-0.4 Mil. ChannelAdvisor's average Total Assets over the quarter that ended in Sep. 2022 was $221.2 Mil. Therefore, ChannelAdvisor's annualized ROA % for the quarter that ended in Sep. 2022 was -0.18%.
The historical rank and industry rank for ChannelAdvisor's ROA % or its related term are showing as below:
The historical data trend for ChannelAdvisor'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.
ChannelAdvisor Annual Data | |||||||||||||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | |||||||||||
ROA % | Get a 7-Day Free Trial | -11.84 | -5.53 | 2.48 | 11.50 | 22.45 |
ChannelAdvisor Quarterly Data | ||||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
ROA % | Get a 7-Day Free Trial | 6.92 | 60.28 | 3.03 | 3.17 | -0.18 |
For the Software - Application subindustry, ChannelAdvisor'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, ChannelAdvisor's ROA % distribution charts can be found below:
* The bar in red indicates where ChannelAdvisor's ROA % falls into.
ChannelAdvisor'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 ) |
= | 47.215 | / | ( (180.661 | + | 239.972) | / 2 ) | |
= | 47.215 | / | 210.3165 | ||||
= | 22.45 % |
ChannelAdvisor's annualized ROA % for the quarter that ended in Sep. 2022 is calculated as:
ROA % | = | Net Income (Q: Sep. 2022 ) | / | ( (Total Assets (Q: Jun. 2022 ) | + | Total Assets (Q: Sep. 2022 )) | / count ) |
= | -0.396 | / | ( (221.248 | + | 221.132) | / 2 ) | |
= | -0.396 | / | 221.19 | ||||
= | -0.18 % |
* 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 (Sep. 2022) net income data. ROA % is displayed in the 30-year financial page.
ChannelAdvisor (NYSE:ECOM) 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: Sep. 2022 ) | ||
= | Net Income | / | Total Assets |
= | -0.396 | / | 221.19 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-0.396 / 173.96) | * | (173.96 / 221.19) |
= | Net Margin % | * | Asset Turnover |
= | -0.23 % | * | 0.7865 |
= | -0.18 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 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 ChannelAdvisor's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
M Scot Wingo | director, officer: Chief Executive Officer | 3000 AERIAL CTR, STE 110, MORRISVILLE NC 27560 |
Timothy V Williams | director | 3100 MAIN STREET, STE 900, HOUSTON TX 77002 |
Himanshu Palsule | director | C/O CHANNELADVISOR, INC., 3025 CARRINGTON MILL BOULEVARD, MORRISVILLE NC 27560 |
Janet Raye Cowell | director | C/O COOLEY LLP, 11951 FREEDOM DRIVE, SUITE 1600, RESTON VA 20190 |
Linda M. Crawford | director | 3365 CLAY STREET, SAN FRANCISCO CA 94118 |
Joseph L Cowan | director | 9715 KEY WEST AVENUE, ROCKVILLE MD 20850 |
Marshall Heinberg | director | 1 CORPORATE AVENUE, ROWVILLE C3 3178 |
Elizabeth Segovia | officer: Chief Operating Officer | C/O CHANNELADVISOR CORPORATION, 3025 CARRINGTON MILL BOULEVARD, STE 500, MORRISVILLE VA 27560 |
Timothy Buckley | director | C/O RED HAT, INC, 1801 VARSITY DRIVE, RALEIGH NC 27606 |
David J Spitz | officer: President and COO | C/O CHANNELADVISOR CORPORATION, 2701 AERIAL CENTER PARKWAY, MORRISVILLE NC 27568 |
Marc Huffman | director | C/O NETSUITE INC., 2955 CAMPUS DRIVE, SUITE 100, SAN MATEO CA 94403 |
Richard Cornetta | officer: Chief Accounting Officer | C/O CHANNELADVISOR CORPORATION, 3025 CARRINGTON MILL BOULEVARD, MORRISVILLE NC 27560 |
Mark Cook | officer: Chief Financial Officer | C/O CHANNELADVISOR CORPORATION, 3025 CARRINGTON MILL BOULEVARD, RALEIGH NC 27601 |
Patrick J Kerins | director, 10 percent owner | |
Diana Semel Allen | officer: VP and General Counsel | C/O CHANNELADVISOR CORPORATION, 2701 AERIAL CENTER PARKWAY, MORRISVILLE NC 27560 |
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