GURUFOCUS.COM » STOCK LIST » Canada » TSX » Allbanc Split Corp (TSX:ABK.PR.C.PFD) » Definitions » ROA %
Switch to:

Allbanc Split (TSX:ABK.PR.C.PFD) ROA %

: -13.19% (As of Aug. 2017)
View and export this data going back to 2013. Start your Free Trial

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Allbanc Split's annualized Net Income for the quarter that ended in Aug. 2017 was C$-7.05 Mil. Allbanc Split's average Total Assets over the quarter that ended in Aug. 2017 was C$53.47 Mil. Therefore, Allbanc Split's annualized ROA % for the quarter that ended in Aug. 2017 was -13.19%.

The historical rank and industry rank for Allbanc Split's ROA % or its related term are showing as below:

TSX:ABK.PR.C.PFD' s ROA % Range Over the Past 10 Years
Min: -32.8   Med: 6.18   Max: 70.83
Current: 15.45

During the past 13 years, Allbanc Split's highest ROA % was 70.83%. The lowest was -32.80%. And the median was 6.18%.

TSX:ABK.PR.C.PFD's ROA % is not ranked
in the Asset Management industry.
Industry Median: -1.16 vs TSX:ABK.PR.C.PFD: 15.45

Allbanc Split (TSX:ABK.PR.C.PFD) ROA % Historical Data

The historical data trend for Allbanc Split'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.

Allbanc Split Annual Data
Trend Feb08 Feb09 Feb10 Feb11 Feb12 Feb13 Feb14 Feb15 Feb16 Feb17
ROA % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.66 15.48 4.69 3.11 26.79

Allbanc Split Semi-Annual Data
Feb08 Aug08 Feb09 Aug09 Feb10 Aug10 Feb11 Aug11 Feb12 Aug12 Feb13 Aug13 Feb14 Aug14 Feb15 Aug15 Feb16 Aug16 Feb17 Aug17
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 -3.89 10.23 19.10 35.25 -13.19

Allbanc Split (TSX:ABK.PR.C.PFD) ROA % Competitive Comparison

For the Asset Management subindustry, Allbanc Split'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.

   

Allbanc Split (TSX:ABK.PR.C.PFD) ROA % Distribution

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

* The bar in red indicates where Allbanc Split's ROA % falls into.



Allbanc Split ROA % Calculation

Allbanc Split's annualized ROA % for the fiscal year that ended in Feb. 2017 is calculated as:

ROA %=Net Income (A: Feb. 2017 )/( (Total Assets (A: Feb. 2016 )+Total Assets (A: Feb. 2017 ))/ count )
=14.612/( (53.587+55.495)/ 2 )
=14.612/54.541
=26.79 %

Allbanc Split's annualized ROA % for the quarter that ended in Aug. 2017 is calculated as:

ROA %=Net Income (Q: Aug. 2017 )/( (Total Assets (Q: Feb. 2017 )+Total Assets (Q: Aug. 2017 ))/ count )
=-7.052/( (55.495+51.437)/ 2 )
=-7.052/53.466
=-13.19 %

* 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 (Aug. 2017) net income data. ROA % is displayed in the 30-year financial page.


Allbanc Split  (TSX:ABK.PR.C.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: Aug. 2017 )
=Net Income/Total Assets
=-7.052/53.466
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-7.052 / -6.048)*(-6.048 / 53.466)
=Net Margin %*Asset Turnover
=116.6 %*-0.1131
=-13.19 %

Note: The Net Income data used here is two times the semi-annual (Aug. 2017) net income data. The Revenue data used here is two times the semi-annual (Aug. 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.


Allbanc Split ROA % Related Terms

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


Allbanc Split (TSX:ABK.PR.C.PFD) Business Description

Allbanc Split logo
Traded in Other Exchanges
N/A
Address
Allbanc Split Corp is a mutual fund corporation. The company's portfolio includes shares of various banks to generate income for the holders of its preferred shares and to enable the holders of its capital shares to participate in any capital appreciation in the Portfolio Shares and to benefit from any increase in the dividends payable on the Portfolio Shares.

Allbanc Split (TSX:ABK.PR.C.PFD) Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
premium membership