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Enablence Technologies (TSXV:ENA) ROA % : -213.12% (As of Sep. 2023)


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What is Enablence Technologies ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Enablence Technologies's annualized Net Income for the quarter that ended in Sep. 2023 was C$-13.35 Mil. Enablence Technologies's average Total Assets over the quarter that ended in Sep. 2023 was C$6.26 Mil. Therefore, Enablence Technologies's annualized ROA % for the quarter that ended in Sep. 2023 was -213.12%.

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

TSXV:ENA' s ROA % Range Over the Past 10 Years
Min: -533.77   Med: -206.54   Max: 846.83
Current: -316.08

During the past 13 years, Enablence Technologies's highest ROA % was 846.83%. The lowest was -533.77%. And the median was -206.54%.

TSXV:ENA's ROA % is ranked worse than
99.52% of 2480 companies
in the Hardware industry
Industry Median: 2.325 vs TSXV:ENA: -316.08

Enablence Technologies ROA % Historical Data

The historical data trend for Enablence Technologies'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.

Enablence Technologies ROA % Chart

Enablence Technologies Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -360.25 -533.77 -316.79 846.83 -234.09

Enablence Technologies Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
ROA % Get a 7-Day Free Trial 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 -561.07 -478.34 -648.37 -203.02 -213.12

Competitive Comparison of Enablence Technologies's ROA %

For the Communication Equipment subindustry, Enablence Technologies'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.


Enablence Technologies's ROA % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Enablence Technologies's ROA % distribution charts can be found below:

* The bar in red indicates where Enablence Technologies's ROA % falls into.



Enablence Technologies ROA % Calculation

Enablence Technologies's annualized ROA % for the fiscal year that ended in Jun. 2023 is calculated as:

ROA %=Net Income (A: Jun. 2023 )/( (Total Assets (A: Jun. 2022 )+Total Assets (A: Jun. 2023 ))/ count )
=-11.433/( (1.836+7.932)/ 2 )
=-11.433/4.884
=-234.09 %

Enablence Technologies's annualized ROA % for the quarter that ended in Sep. 2023 is calculated as:

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Jun. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=-13.348/( (7.932+4.594)/ 2 )
=-13.348/6.263
=-213.12 %

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


Enablence Technologies  (TSXV:ENA) 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: Sep. 2023 )
=Net Income/Total Assets
=-13.348/6.263
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-13.348 / 1.216)*(1.216 / 6.263)
=Net Margin %*Asset Turnover
=-1097.7 %*0.1942
=-213.12 %

Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


Enablence Technologies ROA % Related Terms

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Enablence Technologies (TSXV:ENA) Business Description

Traded in Other Exchanges
Address
390 March Road, Suite 119, Ottawa, ON, CAN, K2K 0G7
Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, primarily in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a global customer base, primarily focused on data centres and advanced vision end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headsets.

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