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GO Acquisition ROA %

: 9.22% (As of Mar. 2022)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. GO Acquisition's annualized Net Income for the quarter that ended in Mar. 2022 was $53.10 Mil. GO Acquisition's average Total Assets over the quarter that ended in Mar. 2022 was $575.71 Mil. Therefore, GO Acquisition's annualized ROA % for the quarter that ended in Mar. 2022 was 9.22%.

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

GOAC' s ROA % Range Over the Past 10 Years
Min: 2.98   Med: 3.62   Max: 3.62
Current: 2.98

During the past 2 years, GO Acquisition's highest ROA % was 3.62%. The lowest was 2.98%. And the median was 3.62%.

GOAC's ROA % is ranked better than
74.53% of 856 companies
in the Diversified Financial Services industry
Industry Median: -0.10 vs GOAC: 2.98

GO Acquisition ROA % Historical Data

The historical data trend for GO 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.

GO Acquisition Annual Data
Trend Dec20 Dec21
ROA %
- 3.62

GO Acquisition Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
ROA % Premium Member Only Premium Member Only Premium Member Only 11.78 -3.94 5.82 0.84 9.22

Competitive Comparison

For the Shell Companies subindustry, GO 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.

   

GO Acquisition ROA % Distribution

For the Diversified Financial Services industry and Financial Services sector, GO Acquisition's ROA % distribution charts can be found below:

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



GO Acquisition ROA % Calculation

GO Acquisition'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 )
=20.876/( (576.775+575.621)/ 2 )
=20.876/576.198
=3.62 %

GO Acquisition'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 )
=53.104/( (575.621+575.794)/ 2 )
=53.104/575.7075
=9.22 %

* 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.


GO Acquisition  (NYSE:GOAC) 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: Mar. 2022 )
=Net Income/Total Assets
=53.104/575.7075
=(Net Income / Revenue)*(Revenue / Total Assets)
=(53.104 / 0)*(0 / 575.7075)
=Net Margin %*Asset Turnover
=N/A %*0
=9.22 %

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.


GO Acquisition ROA % Related Terms

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GO Acquisition Business Description

GO Acquisition logo
Traded in Other Exchanges
Address
450 West 14th Street, 15th Floor, New York, NY, USA, 10014
GO Acquisition Corp is a blank check company.
Executives
Ohara Michael Gregory director, 10 percent owner, officer: Co-Chief Executive Officer C/O CERTARES MANAGEMENT LLC 350 MADISON AVENUE, 8TH FLOOR NEW YORK NY 10017
San Miguel Alejandro R. officer: Vice President and Secretary C/O GLG PARTNERS LP 1 CURZON STREET LONDON X0 W1J 5HB
Gottesman Noam director, 10 percent owner, officer: Co-Chief Executive Officer C/O TOMS CAPITAL LLC 450 WEST 14TH STREET, 13TH FLOOR NEW YORK NY 10014
Corio Norma director C/O GO ACQUISITION CORP. 450 W 14TH ST NEW YORK NY 10014
Weltsch Guy officer: President and CFO C/O GO ACQUISITION CORP. 460 W 14TH ST NEW YORK NY 10014
Go Acquisition Founder Llc 10 percent owner 450 W 14TH STREET NEW YORK NY 10014
Marsden Spencer officer: Vice President C/O GO ACQUISITION CORP. 450 W 14TH ST NEW YORK NY 10014
Isaacs Jeremy Michael director C/O GO ACQUISITION CORP. 450 W 14TH ST NEW YORK NY 10014
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