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SAI.TECH Global (SAI.TECH Global) ROA % : -24.71% (As of Dec. 2023)


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What is SAI.TECH Global ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. SAI.TECH Global's annualized Net Income for the quarter that ended in Dec. 2023 was $-4.79 Mil. SAI.TECH Global's average Total Assets over the quarter that ended in Dec. 2023 was $19.38 Mil. Therefore, SAI.TECH Global's annualized ROA % for the quarter that ended in Dec. 2023 was -24.71%.

The historical rank and industry rank for SAI.TECH Global's ROA % or its related term are showing as below:

SAI' s ROA % Range Over the Past 10 Years
Min: -214.55   Med: -42.73   Max: 18.82
Current: -30.67

During the past 5 years, SAI.TECH Global's highest ROA % was 18.82%. The lowest was -214.55%. And the median was -42.73%.

SAI's ROA % is ranked worse than
91.94% of 806 companies
in the Capital Markets industry
Industry Median: 1.375 vs SAI: -30.67

SAI.TECH Global ROA % Historical Data

The historical data trend for SAI.TECH Global'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.

SAI.TECH Global ROA % Chart

SAI.TECH Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
- 18.82 -214.55 -54.21 -31.24

SAI.TECH Global Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
ROA % Get a 7-Day Free Trial -267.51 -28.72 -51.43 -35.66 -24.71

Competitive Comparison of SAI.TECH Global's ROA %

For the Capital Markets subindustry, SAI.TECH Global'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.


SAI.TECH Global's ROA % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SAI.TECH Global's ROA % distribution charts can be found below:

* The bar in red indicates where SAI.TECH Global's ROA % falls into.



SAI.TECH Global ROA % Calculation

SAI.TECH Global's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=-6.12/( (21.1+18.075)/ 2 )
=-6.12/19.5875
=-31.24 %

SAI.TECH Global's annualized ROA % for the quarter that ended in Dec. 2023 is calculated as:

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=-4.79/( (20.687+18.075)/ 2 )
=-4.79/19.381
=-24.71 %

* 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. 2023) net income data. ROA % is displayed in the 30-year financial page.


SAI.TECH Global  (NAS:SAI) 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: Dec. 2023 )
=Net Income/Total Assets
=-4.79/19.381
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-4.79 / 7.5)*(7.5 / 19.381)
=Net Margin %*Asset Turnover
=-63.87 %*0.387
=-24.71 %

Note: The Net Income data used here is two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 2023) 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.


SAI.TECH Global ROA % Related Terms

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SAI.TECH Global (SAI.TECH Global) Business Description

Traded in Other Exchanges
N/A
Address
195 Pearl’s Hill Terrace, Number 01-05, Singapore, SGP, 168976
SAI.TECH Global Corp is an energy saving mining operator that engages in the hosting of bitcoin mining machines for its clients. It uses a proprietary liquid cooling and heat exchange technology towards mining machines that enables utilization of waste heat to provide recycled energy heating for potential customers while achieving lower mining operating costs. The Company has two reportable segments namely equipment sales & hosting and mining pool business.
Executives
Michael Davidov director 60 EAST 42 STREET, NEW YORK NY 10165
Tao Jiang director 3 STONER AVE, GREAT NECK NY 11021
Luqi Wen officer: CFO and Secretary 3 STONER AVE, GREAT NECK NY 11021
Jianwei Li director, 10 percent owner, officer: Chairman and Co-CEO 3 STONER AVE, GREAT NECK NY 11021
David Xianglin Li director 3 STONER AVE, GREAT NECK NY 11021
Tradeup Global Sponsor Llc director, 10 percent owner 3 STONER AVE, GREAT NECK NY 11021
Lei Huang officer: Co-Chief Executive Officer 3 STONER AVE, GREAT NECK NY 10021