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Invesco Mortgage Capital ROA %

: -3.10% (As of Jun. 2021)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Invesco Mortgage Capital's annualized Net Income for the quarter that ended in Jun. 2021 was $-295.0 Mil. Invesco Mortgage Capital's average Total Assets over the quarter that ended in Jun. 2021 was $9,519.8 Mil. Therefore, Invesco Mortgage Capital's annualized ROA % for the quarter that ended in Jun. 2021 was -3.10%.

The historical rank and industry rank for Invesco Mortgage Capital's ROA % or its related term are showing as below:

NYSE:IVR' s ROA % Range Over the Past 10 Years
Min: -10.81   Med: 1.19   Max: 2.73
Current: 2.05

-10.81
2.73

During the past 12 years, Invesco Mortgage Capital's highest ROA % was 2.73%. The lowest was -10.81%. And the median was 1.19%.

NYSE:IVR's ROA % is ranked lower than
99.99% of the 200 Companies
in the REITs industry.

( Industry Median: 2.60 vs. NYSE:IVR: 2.05 )

Invesco Mortgage Capital ROA % Historical Data

The historical data trend for Invesco Mortgage Capital'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.

Invesco Mortgage Capital Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROA %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.57 2.03 -0.39 1.81 -10.81

Invesco Mortgage Capital Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
ROA % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -19.70 10.25 6.50 -0.40 -3.10

Competitive Comparison

For the REIT - Mortgage subindustry, Invesco Mortgage Capital'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.

   

Invesco Mortgage Capital ROA % Distribution

For the REITs industry and Real Estate sector, Invesco Mortgage Capital's ROA % distribution charts can be found below:

* The bar in red indicates where Invesco Mortgage Capital's ROA % falls into.



Invesco Mortgage Capital ROA % Calculation

Invesco Mortgage Capital's annualized ROA % for the fiscal year that ended in Dec. 2020 is calculated as:

ROA %=Net Income (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=-1674.352/( (22346.545+8632.851)/ 2 )
=-1674.352/15489.698
=-10.81 %

Invesco Mortgage Capital's annualized ROA % for the quarter that ended in Jun. 2021 is calculated as:

ROA %=Net Income (Q: Jun. 2021 )/( (Total Assets (Q: Mar. 2021 )+Total Assets (Q: Jun. 2021 ))/ count )
=-295.032/( (9762.836+9276.7)/ 2 )
=-295.032/9519.768
=-3.10 %

* 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. 2021) net income data. ROA % is displayed in the 30-year financial page.


Invesco Mortgage Capital  (NYSE:IVR) 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: Jun. 2021 )
=Net Income/Total Assets
=-295.032/9519.768
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-295.032 / -269.268)*(-269.268 / 9519.768)
=Net Margin %*Asset Turnover
=109.57 %*-0.0283
=-3.10 %

Note: The Net Income data used here is four times the quarterly (Jun. 2021) net income data. The Revenue data used here is four times the quarterly (Jun. 2021) 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.


Invesco Mortgage Capital ROA % Related Terms

Thank you for viewing the detailed overview of Invesco Mortgage Capital's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Invesco Mortgage Capital Business Description

Invesco Mortgage Capital logo
Industry
Real Estate » REITs NAICS : 531190 SIC : 6798
Address
1555 Peachtree Street, N.E., Suite 1800, Two Peachtree Pointe, Atlanta, GA, USA, 30309
Invesco Mortgage Capital Inc is an REIT that invests, finances, and manages residential and commercial mortgage-backed securities and mortgage loans. The company's portfolio consists of residential mortgage-backed securities for which a U.S. government agency or a federally chartered corporation guarantees payment of principal and interest, or Agency RMBS; residential mortgage-backed securities that are not issued or guaranteed by an agency, or nonagency RMBS; commercial mortgage-backed securities, or CMBS; and residential and commercial mortgage loans. The asset manager for the company is Invesco Advisers, a subsidiary of Invesco.
Executives
Hardin Edward J director 5430 LBJ FREEWAY SUIT 1700 DALLAS TX 75240
Lockhart Dennis P director 100 GOLF ROAD GOLF IL 60029
Handlon Carolyn B director 1555 PEACHTREE ST. NE, SUITE 1800 ATLANTA GA 30309
Day John director 1520 OLD TROLLEY ROAD SUMMERVILLE SC 29485
Lientz James R Jr director GEORGIA POSER CO BIN 10240 241 RALPH MCGILL BLVD ATLANTA GA 30308
Starr Loren M director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: STARR LOREN M a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Lyle David B officer: Chief Operating Officer 1555 PEACHTREE ST. NE SUITE 1800 ATLANTA GA 30309
Collins Kevin M officer: President 1555 PEACHTREE STREET NE SUITE 1800 ATLANTA GA 30309
Clemente Mario other: Officer of Manager 1555 PEACHTREE STREET, NE, SUITE 1800 ATLANTA GA 30309
Norris Brian officer: CIO 1555 PEACHTREE STREET, NE, SUITE 1800 ATLANTA GA 30309
Phegley Richard Lee Jr. officer: Chief Financial Officer 1555 PEACHTREE ST. NE SUITE 1800 ATLANTA GA 30309
Anzalone John officer: CEO INVESCO LTD. 1555 PEACHTREE STREET NE ATLANTA GA 30309
Perlis Roseann officer: Chief Accounting Officer 1555 PEACHTREE ST. NE SUITE 1800 ATLANTA GA 30309
Morris Sheri officer: Chief Investment Officer INVESCO LTD., 1555 PEACHTREE STREET NE SUITE 100 ATLANTA GA 30309
Marshall Jason officer: Chief Investment Officer 1555 PEACHTREE STREET, NE, SUITE 1800 ATLANTA GA 30309

Invesco Mortgage Capital Headlines

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