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AIB Acquisition (AIB Acquisition) ROA % : -13.89% (As of Mar. 2024)


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What is AIB Acquisition ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. AIB Acquisition's annualized Net Income for the quarter that ended in Mar. 2024 was $-1.60 Mil. AIB Acquisition's average Total Assets over the quarter that ended in Mar. 2024 was $11.52 Mil. Therefore, AIB Acquisition's annualized ROA % for the quarter that ended in Mar. 2024 was -13.89%.

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

AIBAF' s ROA % Range Over the Past 10 Years
Min: -2.74   Med: -0.07   Max: 1.32
Current: -2.74

During the past 3 years, AIB Acquisition's highest ROA % was 1.32%. The lowest was -2.74%. And the median was -0.07%.

AIBAF's ROA % is ranked worse than
54.65% of 613 companies
in the Diversified Financial Services industry
Industry Median: -0.84 vs AIBAF: -2.74

AIB Acquisition ROA % Historical Data

The historical data trend for AIB Acquisition'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.

AIB Acquisition ROA % Chart

AIB Acquisition Annual Data
Trend Dec21 Dec22 Dec23
ROA %
- 1.32 -1.46

AIB Acquisition Quarterly Data
Jul21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -0.07 -11.83 -4.76 -9.20 -13.89

Competitive Comparison of AIB Acquisition's ROA %

For the Shell Companies subindustry, AIB Acquisition'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.


AIB Acquisition's ROA % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, AIB Acquisition's ROA % distribution charts can be found below:

* The bar in red indicates where AIB Acquisition's ROA % falls into.



AIB Acquisition ROA % Calculation

AIB Acquisition'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 )
=-0.733/( (88.638+11.468)/ 2 )
=-0.733/50.053
=-1.46 %

AIB Acquisition's annualized ROA % for the quarter that ended in Mar. 2024 is calculated as:

ROA %=Net Income (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=-1.6/( (11.468+11.568)/ 2 )
=-1.6/11.518
=-13.89 %

* 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 (Mar. 2024) net income data. ROA % is displayed in the 30-year financial page.


AIB Acquisition  (OTCPK:AIBAF) 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: Mar. 2024 )
=Net Income/Total Assets
=-1.6/11.518
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-1.6 / 0)*(0 / 11.518)
=Net Margin %*Asset Turnover
=N/A %*0
=-13.89 %

Note: The Net Income data used here is four times the quarterly (Mar. 2024) net income data. The Revenue data used here is four times the quarterly (Mar. 2024) 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.


AIB Acquisition ROA % Related Terms

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AIB Acquisition (AIB Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
875 Third Avenue, Suite M204A, New York, NY, USA, 10022
Website
AIB Acquisition Corp is a blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses.
Executives
Merry Tang director GZTY CPA GROUP, LLC, 52 BRIDGE STREET, METUCHEN NJ 08840
Jie Gao officer: Chief Financial Officer 16F, SHIHAO SQUARE, MIDDLE JIANNAN BLVD., HIGH-TECH ZONE, CHENGDU, SICHUAN F4 610000
David Knower director C/O VISTAS ACQUISITION COMPANY II INC., 30 WALL STREET, 8TH FLOOR, NEW YORK NY 10005
Eric Yi-chung Chen director, 10 percent owner, officer: Chief Executive Officer 875 3RD AVENUE, SUITE M204A, NEW YORK NY 10022
Axel Hoerger director 875 3RD AVENUE, SUITE M204A, NEW YORK NY 10022
David Issac Adelman director 875 3RD AVENUE SUITE M204A, NEW YORK NY 10022
Aib Llc 10 percent owner 875 3RD AVENUE, SUITE M204A, NEW YORK NY 10022