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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Eagle Point Credit Co's annualized Net Income for the quarter that ended in Dec. 2024 was $106.15 Mil. Eagle Point Credit Co's average Total Assets over the quarter that ended in Dec. 2024 was $1,358.28 Mil. Therefore, Eagle Point Credit Co's annualized ROA % for the quarter that ended in Dec. 2024 was 7.82%.
The historical rank and industry rank for Eagle Point Credit Co's ROA % or its related term are showing as below:
During the past 8 years, Eagle Point Credit Co's highest ROA % was 20.59%. The lowest was -13.32%. And the median was 6.51%.
The historical data trend for Eagle Point Credit Co'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.
Eagle Point Credit Co Annual Data | |||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||
ROA % | Get a 7-Day Free Trial | 12.33 | 20.59 | -13.32 | 13.85 | 6.95 |
Eagle Point Credit Co Semi-Annual Data | |||||||||||||||
Dec17 | Jun18 | Dec18 | Jun19 | Dec19 | Jun20 | Dec20 | Jun21 | Dec21 | Jun22 | Dec22 | Jun23 | Dec23 | Jun24 | Dec24 | |
ROA % | Get a 7-Day Free Trial |
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5.34 | 7.12 | 20.97 | 5.99 | 7.82 |
For the Asset Management subindustry, Eagle Point Credit Co'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.
For the Asset Management industry and Financial Services sector, Eagle Point Credit Co's ROA % distribution charts can be found below:
* The bar in red indicates where Eagle Point Credit Co's ROA % falls into.
Eagle Point Credit Co's annualized ROA % for the fiscal year that ended in Dec. 2024 is calculated as:
ROA % | = | Net Income (A: Dec. 2024 ) | / | ( (Total Assets (A: Dec. 2023 ) | + | Total Assets (A: Dec. 2024 )) | / count ) |
= | 85.491 | / | ( (954.494 | + | 1505.444) | / 2 ) | |
= | 85.491 | / | 1229.969 | ||||
= | 6.95 % |
Eagle Point Credit Co's annualized ROA % for the quarter that ended in Dec. 2024 is calculated as:
ROA % | = | Net Income (Q: Dec. 2024 ) | / | ( (Total Assets (Q: Jun. 2024 ) | + | Total Assets (Q: Dec. 2024 )) | / count ) |
= | 106.154 | / | ( (1211.117 | + | 1505.444) | / 2 ) | |
= | 106.154 | / | 1358.2805 | ||||
= | 7.82 % |
* 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 (Dec. 2024) net income data. ROA % is displayed in the 30-year financial page.
Eagle Point Credit Co (NYSE:ECC) 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:
ROA % | (Q: Dec. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 106.154 | / | 1358.2805 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (106.154 / 120.738) | * | (120.738 / 1358.2805) |
= | Net Margin % | * | Asset Turnover |
= | 87.92 % | * | 0.0889 |
= | 7.82 % |
Note: The Net Income data used here is two times the semi-annual (Dec. 2024) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.
Thank you for viewing the detailed overview of Eagle Point Credit Co's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Kenneth P. Onorio | officer: CFO / CCO / Secretary | 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830 |
Trident Ecc Aggregator Lp | 10 percent owner | C/O STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830 |
Trident Capital Ix, L.p. | 10 percent owner | STONE POINT CAPITAL LLC, 20 HORSENECK LANE, GREENWICH CT 06830 |
Thomas P. Majewski | director, officer: Chief Executive Officer, other: Portfolio Manager | 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830 |
Oa Eagle Group Investors, Llc | other: See Remarks below | 126 OTTAWA AVENUE NW, STE 500, GRAND RAPIDS MI 49503 |
Oa Eagle Group Investors Ii, Llc | other: See Remarks below | 126 OTTAWA AVENUE NW, STE 500, GRAND RAPIDS MI 49503 |
Ottawa Avenue Private Capital, Llc | other: See Remarks below | 126 OTTAWA AVENUE, NW, SUITE 500, GRAND RAPIDS MI 49503 |
Scott Johnathan Bronner | other: Affiliate of Adviser | C/O STONE POINT CAPITAL, 20 HORSENECK LANE, GREENWICH CT 06830 |
Kevin F. Mcdonald | director | 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830 |
Scott W. Appleby | director | 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830 |
Nauman S. Malik | other: General Counsel of Inv. Adv. | 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830 |
Paul E. Tramontano | director | 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830 |
Daniel M. Spinner | other: Portfolio Manager | 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830 |
Jerry L Tubergen | other: See Remarks below | |
Eagle Point Credit Management Llc | other: Investment Adviser | 600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830 |
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