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Liberty Formula One Group ROA %

: 1.83% (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. Liberty Formula One Group's annualized Net Income for the quarter that ended in Jun. 2021 was $220 Mil. Liberty Formula One Group's average Total Assets over the quarter that ended in Jun. 2021 was $12,015 Mil. Therefore, Liberty Formula One Group's annualized ROA % for the quarter that ended in Jun. 2021 was 1.83%.

The historical rank and industry rank for Liberty Formula One Group's ROA % or its related term are showing as below:

OTCPK:FWONB' s ROA % Range Over the Past 10 Years
Min: -5.25   Med: 1.68   Max: 40.96
Current: -0.38

-5.25
40.96

During the past 11 years, Liberty Formula One Group's highest ROA % was 40.96%. The lowest was -5.25%. And the median was 1.68%.

OTCPK:FWONB's ROA % is ranked higher than
66% of the 200 Companies
in the Media - Diversified industry.

( Industry Median: 1.28 vs. OTCPK:FWONB: -0.38 )

Liberty Formula One Group ROA % Historical Data

The historical data trend for Liberty Formula One Group'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.

Liberty Formula One Group 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 13.30 3.45 -1.32 -2.77 -5.25

Liberty Formula One Group 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 -6.97 -3.33 1.50 -1.59 1.83

Competitive Comparison

For the Broadcasting subindustry, Liberty Formula One Group'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.

   

Liberty Formula One Group ROA % Distribution

For the Media - Diversified industry and Communication Services sector, Liberty Formula One Group's ROA % distribution charts can be found below:

* The bar in red indicates where Liberty Formula One Group's ROA % falls into.



Liberty Formula One Group ROA % Calculation

Liberty Formula One Group'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 )
=-596/( (11505+11191)/ 2 )
=-596/11348
=-5.25 %

Liberty Formula One Group'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 )
=220/( (12001+12029)/ 2 )
=220/12015
=1.83 %

* 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.


Liberty Formula One Group  (OTCPK:FWONB) 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
=220/12015
=(Net Income / Revenue)*(Revenue / Total Assets)
=(220 / 2004)*(2004 / 12015)
=Net Margin %*Asset Turnover
=10.98 %*0.1668
=1.83 %

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.


Liberty Formula One Group ROA % Related Terms

Thank you for viewing the detailed overview of Liberty Formula One Group's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Liberty Formula One Group Business Description

Liberty Formula One Group logo
Industry
Address
12300 Liberty Boulevard, Englewood, CO, USA, 80112
Liberty Formula One Group controls the exclusive commercial and promotional rights to the FIA Formula One World Championship series, and the monetization of those rights is the primary business of the group. The firm is responsible for development and promotion of the Formula One race series in concert with its three partners: the FIA (the regulatory body), the teams that participate in the series, and the series' commercial partners, which include the race promoters, broadcasters, sponsors, and advertisers. Formula One Group is a subsidiary of Liberty Media Corporation, which purchased the firm in January 2017. Formula One stock is a tracking stock for the assets under Formula One Group with Liberty Media.

Liberty Formula One Group Headlines

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