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Special Opportunities Fund (NYSE:SPEpB.PFD) ROA %

: -24.38% (As of Jun. 2022)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Special Opportunities Fund's annualized Net Income for the quarter that ended in Jun. 2022 was $-51.89 Mil. Special Opportunities Fund's average Total Assets over the quarter that ended in Jun. 2022 was $212.82 Mil. Therefore, Special Opportunities Fund's annualized ROA % for the quarter that ended in Jun. 2022 was -24.38%.

The historical rank and industry rank for Special Opportunities Fund's ROA % or its related term are showing as below:

SPEpB.PFD' s ROA % Range Over the Past 10 Years
Min: -7.03   Med: 11.59   Max: 20.19
Current: -7.03

During the past 5 years, Special Opportunities Fund's highest ROA % was 20.19%. The lowest was -7.03%. And the median was 11.59%.

SPEpB.PFD's ROA % is ranked worse than
69.24% of 1713 companies
in the Asset Management industry
Industry Median: -0.59 vs SPEpB.PFD: -7.03

Special Opportunities Fund (NYSE:SPEpB.PFD) ROA % Historical Data

The historical data trend for Special Opportunities Fund'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.

Special Opportunities Fund Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21
ROA % 11.59 -5.64 15.85 6.27 20.19

Special Opportunities Fund Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
ROA % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -22.48 36.02 29.11 10.14 -24.38

Special Opportunities Fund (NYSE:SPEpB.PFD) ROA % Competitive Comparison

For the Asset Management subindustry, Special Opportunities Fund'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.

   

Special Opportunities Fund (NYSE:SPEpB.PFD) ROA % Distribution

For the Asset Management industry and Financial Services sector, Special Opportunities Fund's ROA % distribution charts can be found below:

* The bar in red indicates where Special Opportunities Fund's ROA % falls into.



Special Opportunities Fund ROA % Calculation

Special Opportunities Fund'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 )
=40.779/( (193.175+210.758)/ 2 )
=40.779/201.9665
=20.19 %

Special Opportunities Fund's annualized ROA % for the quarter that ended in Jun. 2022 is calculated as:

ROA %=Net Income (Q: Jun. 2022 )/( (Total Assets (Q: Dec. 2021 )+Total Assets (Q: Jun. 2022 ))/ count )
=-51.886/( (210.758+214.872)/ 2 )
=-51.886/212.815
=-24.38 %

* 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 (Jun. 2022) net income data. ROA % is displayed in the 30-year financial page.


Special Opportunities Fund  (NYSE:SPEpB.PFD) 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. 2022 )
=Net Income/Total Assets
=-51.886/212.815
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-51.886 / -50.884)*(-50.884 / 212.815)
=Net Margin %*Asset Turnover
=101.97 %*-0.2391
=-24.38 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2022) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.


Special Opportunities Fund ROA % Related Terms

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


Special Opportunities Fund (NYSE:SPEpB.PFD) Business Description

Special Opportunities Fund logo
Traded in Other Exchanges
Address
615 East Michigan Street, Milwaukee, WI, USA, 53202
Special Opportunities Fund Inc is the United States based closed-end diversified management investment company. Its investment objective is to have the total return. The company's investment portfolio consists of investment companies, common stocks, money market funds, commodity partnerships, preferred stocks, convertible bonds, liquidating trusts, promissory notes, senior unsecured notes, warrants, rights, corporate notes and corporate bonds. In addition, it also makes investments in construction materials, consumer finance, healthcare equipment and supplies, independent power and renewable electricity producers, insurance, personal products, professional services and real estate investment trusts.
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