ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Greatcell Solar's annualizedNet Income for the quarter that ended in Dec. 2017 was $-5.47 Mil.
Greatcell Solar's average Total Assets over the quarter that ended in Dec. 2017 was $5.10 Mil. Therefore, Greatcell Solar's annualized ROA % for the quarter that ended in Dec. 2017 was -107.30%.
The historical rank and industry rank for Greatcell Solar's ROA % or its related term are showing as below:
DYSOY's ROA % is not ranked *
in the Semiconductors industry.
Industry Median: 2.465 * Ranked among companies with meaningful ROA % only.
Greatcell Solar ROA % Historical Data
The historical data trend for Greatcell Solar'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.
For the Solar subindustry, Greatcell Solar'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.
Greatcell Solar's ROA % Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Greatcell Solar's ROA % distribution charts can be found below:
* The bar in red indicates where Greatcell Solar's ROA % falls into.
Greatcell Solar ROA % Calculation
Greatcell Solar's annualized ROA % for the fiscal year that ended in Jun. 2017 is calculated as:
* 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 two times the semi-annual (Dec. 2017) net income data.
ROA % is displayed in the 30-year financial page.
Greatcell Solar (OTCPK:DYSOY) 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:
Note:
The Net Income data used here is two times the semi-annual (Dec. 2017) net income data. The Revenue data used here is two times the semi-annual (Dec. 2017) 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.
Greatcell Solar ROA % Related Terms
Thank you for viewing the detailed overview of Greatcell Solar's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Greatcell Solar (Greatcell Solar) Business Description
Greatcell Solar Ltd develops and supplies dye solar cell materials, equipment and technology and supplies materials and components for DSC products. It offers a range of products and services including materials, consulting, research and development. The company operates its business through three segments. The Glass and Equipment segment develops the glass-based DSC market, to support current and generate future sales of Dyesol manufactured materials and equipment. The Metal Strip segment develops DSC on coil steel in collaboration with tata steel Europe. The R&D Materials segment which generates majority revenue undertakes core DSC material technology research and development of a generic nature which is applicable to a wide range of ultimate DSC device product forms.
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