GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Progressive Planet Solutions Inc (OTCPK:ASHXF) » Definitions » ROA %

ASHXF (Progressive Planet Solutions) ROA % : 9.46% (As of Oct. 2024)


View and export this data going back to . Start your Free Trial

What is Progressive Planet Solutions ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Progressive Planet Solutions's annualized Net Income for the quarter that ended in Oct. 2024 was $1.81 Mil. Progressive Planet Solutions's average Total Assets over the quarter that ended in Oct. 2024 was $19.15 Mil. Therefore, Progressive Planet Solutions's annualized ROA % for the quarter that ended in Oct. 2024 was 9.46%.

The historical rank and industry rank for Progressive Planet Solutions's ROA % or its related term are showing as below:

ASHXF' s ROA % Range Over the Past 10 Years
Min: -203.72   Med: -59.86   Max: 4.86
Current: 4.86

During the past 13 years, Progressive Planet Solutions's highest ROA % was 4.86%. The lowest was -203.72%. And the median was -59.86%.

ASHXF's ROA % is ranked better than
89.21% of 2678 companies
in the Metals & Mining industry
Industry Median: -16.69 vs ASHXF: 4.86

Progressive Planet Solutions ROA % Historical Data

The historical data trend for Progressive Planet Solutions'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.

Progressive Planet Solutions ROA % Chart

Progressive Planet Solutions Annual Data
Trend Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -70.21 -81.49 -20.13 -4.07 -1.47

Progressive Planet Solutions Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
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 -2.72 5.41 -1.10 5.65 9.46

Competitive Comparison of Progressive Planet Solutions's ROA %

For the Other Industrial Metals & Mining subindustry, Progressive Planet Solutions'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.


Progressive Planet Solutions's ROA % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Progressive Planet Solutions's ROA % distribution charts can be found below:

* The bar in red indicates where Progressive Planet Solutions's ROA % falls into.



Progressive Planet Solutions ROA % Calculation

Progressive Planet Solutions's annualized ROA % for the fiscal year that ended in Apr. 2024 is calculated as:

ROA %=Net Income (A: Apr. 2024 )/( (Total Assets (A: Apr. 2023 )+Total Assets (A: Apr. 2024 ))/ count )
=-0.287/( (19.895+19.237)/ 2 )
=-0.287/19.566
=-1.47 %

Progressive Planet Solutions's annualized ROA % for the quarter that ended in Oct. 2024 is calculated as:

ROA %=Net Income (Q: Oct. 2024 )/( (Total Assets (Q: Jul. 2024 )+Total Assets (Q: Oct. 2024 ))/ count )
=1.812/( (19.273+19.035)/ 2 )
=1.812/19.154
=9.46 %

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


Progressive Planet Solutions  (OTCPK:ASHXF) 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: Oct. 2024 )
=Net Income/Total Assets
=1.812/19.154
=(Net Income / Revenue)*(Revenue / Total Assets)
=(1.812 / 15.9)*(15.9 / 19.154)
=Net Margin %*Asset Turnover
=11.4 %*0.8301
=9.46 %

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


Progressive Planet Solutions ROA % Related Terms

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


Progressive Planet Solutions Business Description

Traded in Other Exchanges
Address
724 Sarcee Street East, Kamloops, BC, CAN, V2H 1E7
Progressive Planet Solutions Inc is a manufacturer of mineral-based products derived from diatomaceous earth, zeolite, and bentonite. It owns a diatomaceous earth mine and a bentonite mine both located in Canada, and is also an operator and partial owner of a zeolite mine. Its expertise lies in developing critical low-carbon and carbon sequestering solutions. The company is also engaged in research and development activities to expand its current operations by developing products for the agricultural and supplementary cementing materials markets. Geographically, its products are sold in the United States where it generates maximum revenue, and in Canada.