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Australis Oil & Gas (ASX:ATS) ROA % : -11.49% (As of Jun. 2024)


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What is Australis Oil & Gas ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Australis Oil & Gas's annualized Net Income for the quarter that ended in Jun. 2024 was A$-12.16 Mil. Australis Oil & Gas's average Total Assets over the quarter that ended in Jun. 2024 was A$105.84 Mil. Therefore, Australis Oil & Gas's annualized ROA % for the quarter that ended in Jun. 2024 was -11.49%.

The historical rank and industry rank for Australis Oil & Gas's ROA % or its related term are showing as below:

ASX:ATS' s ROA % Range Over the Past 10 Years
Min: -73.81   Med: -2.02   Max: 3.4
Current: -7.86

During the past 8 years, Australis Oil & Gas's highest ROA % was 3.40%. The lowest was -73.81%. And the median was -2.02%.

ASX:ATS's ROA % is ranked worse than
75.28% of 1064 companies
in the Oil & Gas industry
Industry Median: 2.45 vs ASX:ATS: -7.86

Australis Oil & Gas ROA % Historical Data

The historical data trend for Australis Oil & Gas'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.

Australis Oil & Gas ROA % Chart

Australis Oil & Gas Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Get a 7-Day Free Trial 3.40 -73.81 -2.76 2.23 -19.09

Australis Oil & Gas Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 2.49 1.90 -33.70 -4.33 -11.49

Competitive Comparison of Australis Oil & Gas's ROA %

For the Oil & Gas E&P subindustry, Australis Oil & Gas'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.


Australis Oil & Gas's ROA % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Australis Oil & Gas's ROA % distribution charts can be found below:

* The bar in red indicates where Australis Oil & Gas's ROA % falls into.



Australis Oil & Gas ROA % Calculation

Australis Oil & Gas'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 )
=-22.881/( (133.948+105.741)/ 2 )
=-22.881/119.8445
=-19.09 %

Australis Oil & Gas's annualized ROA % for the quarter that ended in Jun. 2024 is calculated as:

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=-12.16/( (105.741+105.947)/ 2 )
=-12.16/105.844
=-11.49 %

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


Australis Oil & Gas  (ASX:ATS) 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: Jun. 2024 )
=Net Income/Total Assets
=-12.16/105.844
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-12.16 / 31.234)*(31.234 / 105.844)
=Net Margin %*Asset Turnover
=-38.93 %*0.2951
=-11.49 %

Note: The Net Income data used here is two times the semi-annual (Jun. 2024) net income data. The Revenue data used here is two times the semi-annual (Jun. 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.


Australis Oil & Gas ROA % Related Terms

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Australis Oil & Gas Business Description

Traded in Other Exchanges
N/A
Address
215 Hay Street, Ground Floor, Subiaco, WA, AUS, 6008
Australis Oil & Gas Ltd engages in oil and gas exploration, development, and production activities. The company operates through Oil & Gas Production, Exploration, and Other segments. The Oil & Gas Production segment earns the majority of revenue. Geographically it operates in United states of America and Australia.

Australis Oil & Gas Headlines

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