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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Hero Technologies's annualized Net Income for the quarter that ended in Sep. 2023 was $-1.65 Mil. Hero Technologies's average Total Assets over the quarter that ended in Sep. 2023 was $0.15 Mil. Therefore, Hero Technologies's annualized ROA % for the quarter that ended in Sep. 2023 was -1,070.13%.
The historical rank and industry rank for Hero Technologies's ROA % or its related term are showing as below:
During the past 13 years, Hero Technologies's highest ROA % was 1.93%. The lowest was -902.37%. And the median was -7.03%.
The historical data trend for Hero Technologies'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.
Hero Technologies Annual Data | |||||||||||||||||||||
Trend | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec20 | Dec21 | Dec22 | |||||||||||
ROA % | Get a 7-Day Free Trial | -10.53 | -0.55 | -69.50 | -902.37 | -130.29 |
Hero Technologies Quarterly Data | ||||||||||||||||||||
Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Mar18 | Jun18 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
ROA % | Get a 7-Day Free Trial | -358.07 | -107.48 | -116.44 | -1,013.67 | -1,070.13 |
For the Drug Manufacturers - Specialty & Generic subindustry, Hero Technologies'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 Drug Manufacturers industry and Healthcare sector, Hero Technologies's ROA % distribution charts can be found below:
* The bar in red indicates where Hero Technologies's ROA % falls into.
Hero Technologies's annualized ROA % for the fiscal year that ended in Dec. 2022 is calculated as:
ROA % | = | Net Income (A: Dec. 2022 ) | / | ( (Total Assets (A: Dec. 2021 ) | + | Total Assets (A: Dec. 2022 )) | / count ) |
= | -0.542 | / | ( (0.187 | + | 0.645) | / 2 ) | |
= | -0.542 | / | 0.416 | ||||
= | -130.29 % |
Hero Technologies's annualized ROA % for the quarter that ended in Sep. 2023 is calculated as:
ROA % | = | Net Income (Q: Sep. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Sep. 2023 )) | / count ) |
= | -1.648 | / | ( (0.164 | + | 0.144) | / 2 ) | |
= | -1.648 | / | 0.154 | ||||
= | -1,070.13 % |
* 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 (Sep. 2023) net income data. ROA % is displayed in the 30-year financial page.
Hero Technologies (OTCPK:HENC) 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: Sep. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -1.648 | / | 0.154 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-1.648 / 0) | * | (0 / 0.154) |
= | Net Margin % | * | Asset Turnover |
= | N/A % | * | 0 |
= | -1,070.13 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 2023) 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 Hero Technologies's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gina L. Serkasevich | officer: CFO and Treasurer | 310 COMMONS TRAIL LANE, HUFFMAN TX 77336 |
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Holloman Value Holdings, Llc | 10 percent owner | 333 NORTH SAM HOUSTON PARKWAY EAST, SUITE 600, HOUSTON TX 77060 |
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Mark E. Stevenson | director, officer: Secretary | 8225 SAN DIEGO ST., ODESSA TX 79765 |
Eric C Prim | director | 4901 POLO PARKWAY, MIDLAND TX 79705 |
Grant M Petersen | officer: Chief Executive Officer | 1027 DAVIE ST., SUITE 482, VANCOUVER A1 V4E 1N9 |
Holloman Corp | other: Affiliate | 5257 WEST INTERSTATE 20, PO BOX 69410, ODESSA TX 79769 |
Holloman Oil & Gas Ltd. | 10 percent owner | 88 FORREST STREET, UNITS 8-9, COTTESLOE C3 6011 |
David R Lewis | director | 11115 EAST MONTGOMERY DRIVE, SUITE G, SPOKANE VALLEY WA 99206 |
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