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Spirit Blockchain Capital (XCNQ:SPIR) ROA %

: -133.78% (As of Sep. 2022)
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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Spirit Blockchain Capital's annualized Net Income for the quarter that ended in Sep. 2022 was C$-1.78 Mil. Spirit Blockchain Capital's average Total Assets over the quarter that ended in Sep. 2022 was C$1.33 Mil. Therefore, Spirit Blockchain Capital's annualized ROA % for the quarter that ended in Sep. 2022 was -133.78%.

The historical rank and industry rank for Spirit Blockchain Capital's ROA % or its related term are showing as below:

XCNQ:SPIR' s ROA % Range Over the Past 10 Years
Min: -156.36   Med: 0   Max: 0
Current: -156.36

XCNQ:SPIR's ROA % is ranked worse than
98.34% of 785 companies
in the Capital Markets industry
Industry Median: 1.21 vs XCNQ:SPIR: -156.36

Spirit Blockchain Capital ROA % Historical Data

The historical data trend for Spirit Blockchain Capital'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.

Spirit Blockchain Capital Annual Data
Trend
ROA %

Spirit Blockchain Capital Quarterly Data
Jun21 Sep21 Jun22 Sep22
ROA % - - -457.82 -133.78

Competitive Comparison

For the Capital Markets subindustry, Spirit Blockchain Capital'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.

   

Spirit Blockchain Capital ROA % Distribution

For the Capital Markets industry and Financial Services sector, Spirit Blockchain Capital's ROA % distribution charts can be found below:

* The bar in red indicates where Spirit Blockchain Capital's ROA % falls in comparison to its industry or sector. The grey bar indicates the ROA %'s extreme value range as defined by GuruFocus.



Spirit Blockchain Capital ROA % Calculation

Spirit Blockchain Capital's annualized ROA % for the fiscal year that ended in . 20 is calculated as:

ROA %=Net Income (A: . 20 )/( (Total Assets (A: . 20 )+Total Assets (A: . 20 ))/ count )
=/( (+)/ )
=/
= %

Spirit Blockchain Capital's annualized ROA % for the quarter that ended in Sep. 2022 is calculated as:

ROA %=Net Income (Q: Sep. 2022 )/( (Total Assets (Q: Jun. 2022 )+Total Assets (Q: Sep. 2022 ))/ count )
=-1.784/( (1.432+1.235)/ 2 )
=-1.784/1.3335
=-133.78 %

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


Spirit Blockchain Capital  (XCNQ:SPIR) 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. 2022 )
=Net Income/Total Assets
=-1.784/1.3335
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.784 / 0)*(0 / 1.3335)
=Net Margin %*Asset Turnover
=N/A %*0
=-133.78 %

Note: The Net Income data used here is four times the quarterly (Sep. 2022) net income data. The Revenue data used here is four times the quarterly (Sep. 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.


Spirit Blockchain Capital ROA % Related Terms

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


Spirit Blockchain Capital (XCNQ:SPIR) Business Description

Spirit Blockchain Capital logo
Comparable Companies
Traded in Other Exchanges
N/A
Address
505 Burrard Street, Suite 1570, One Bentall Centre, Vancouver, BC, CAN, V7X 1M5
Website
Spirit Blockchain Capital Inc is a blockchain company providing capital to blockchain ecosystem participants and blockchain research and advisory services. The company aims to supply capital to the blockchain ecosystem through lending, staking, streaming, and mining. The company also provides blockchain advisory and research services.

Spirit Blockchain Capital (XCNQ:SPIR) Headlines

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