ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Herzfeld Caribbean Basin Fund's annualizedNet Income for the quarter that ended in Jun. 2024 was $-1.13 Mil.
Herzfeld Caribbean Basin Fund's average Total Assets over the quarter that ended in Jun. 2024 was $57.22 Mil. Therefore, Herzfeld Caribbean Basin Fund's annualized ROA % for the quarter that ended in Jun. 2024 was -1.98%.
The historical rank and industry rank for Herzfeld Caribbean Basin Fund's ROA % or its related term are showing as below:
CUBA'
s ROA % Range Over the Past 10 Years
Min: -29.37 Med: -1.32 Max: 50.3
Current: 3.28
During the past 7 years, Herzfeld Caribbean Basin Fund's highest ROA % was 50.30%. The lowest was -29.37%. And the median was -1.32%.
CUBA's ROA % is ranked worse than 56.38% of 1694
companies
in the Asset Management industry
Industry Median: 4.185
vs CUBA: 3.28
Herzfeld Caribbean Basin Fund ROA % Historical 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.
Competitive Comparison of Herzfeld Caribbean Basin Fund's ROA %
For the Asset Management subindustry, Herzfeld Caribbean Basin Fund'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.
Herzfeld Caribbean Basin Fund's ROA % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Herzfeld Caribbean Basin Fund's ROA % distribution charts can be found below:
* The bar in red indicates where Herzfeld Caribbean Basin Fund's ROA % falls into.
* 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.
Herzfeld Caribbean Basin Fund (NAS:CUBA) 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 banks 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:
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.
Herzfeld Caribbean Basin Fund ROA % Related Terms
Thank you for viewing the detailed overview of Herzfeld Caribbean Basin Fund's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Herzfeld Caribbean Basin Fund Business Description
Herzfeld Caribbean Basin Fund Inc operates as a closed-end management investment company. The company's investment objective is to obtain long-term capital appreciation. The firm offers customized discretionary account management and fund management services to individual and institutional investors. The fund invests in equity and equity-linked securities of public and private companies, including United States-based companies, whose securities are traded principally on a stock exchange in a Caribbean Basin Country. The fund's revenue source is through the dividends it receives. Its investments are geographically allocated in the United States followed by Mexico, Puerto Rico, and other countries.
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