ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Highwater Ethanol LLC's annualizedNet Income for the quarter that ended in Apr. 2026 was $33.3 Mil.
Highwater Ethanol LLC's average Total Assets over the quarter that ended in Apr. 2026 was $90.7 Mil. Therefore, Highwater Ethanol LLC's annualized ROA % for the quarter that ended in Apr. 2026 was 36.69%.
The historical rank and industry rank for Highwater Ethanol LLC's ROA % or its related term are showing as below:
HEOL'
s ROA % Range Over the Past 10 Years
Min: -10.78 Med: 5.2 Max: 37.4
Current: 37.4
During the past 13 years, Highwater Ethanol LLC's highest ROA % was 37.40%. The lowest was -10.78%. And the median was 5.20%.
HEOL's ROA % is not ranked
in the Oil & Gas industry.
Industry Median: 1.89
vs HEOL: 37.40
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 four times the quarterly (Apr. 2026) net income data. The Revenue data used here is four times the quarterly (Apr. 2026) 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.
* 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.
For the Oil & Gas Refining & Marketing subindustry, Highwater Ethanol LLC'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.
Highwater Ethanol LLC ROA % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Highwater Ethanol LLC's ROA % distribution charts can be found below:
* The bar in red indicates where Highwater Ethanol LLC'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 four times the quarterly (Apr. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Highwater Ethanol LLC (HEOL) has a ROA % of 36.69% as of Apr. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Highwater Ethanol LLC and its competitors. This is 606% above median its historical median of 5.20.
Is Highwater Ethanol LLC's ROA % too high?
Highwater Ethanol LLC's current ROA % of 36.69% is 606% above median its 10-year median of 5.20. The Oil & Gas industry median ROA % is 1.89. Highwater Ethanol LLC's value of 36.69% is 1841.3% above this industry median. Overall, Highwater Ethanol LLC has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Highwater Ethanol LLC's ROA % compare to BDCO and DLXY?
Highwater Ethanol LLC's ROA % of 36.69% can be compared against companies in the Oil & Gas industry. The industry median ROA % is 1.89. Highwater Ethanol LLC's value of 36.69% is 1841.3% above this benchmark. While the company's 10-year median is 5.20 vs. the industry median of 1.89, Highwater Ethanol LLC has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Oil & Gas company?
The median ROA % among Oil & Gas companies is 1.89, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Highwater Ethanol LLC's current ROA % of 36.69% is 1841.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Highwater Ethanol LLC and its competitors. For the Oil & Gas industry, the median ROA % is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highwater Ethanol LLC's current ROA % is 36.69%, which is 606% above median its own 10-year median of 5.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highwater Ethanol LLC stock overvalued right now?
Highwater Ethanol LLC (HEOL) has a current ROA % of 36.69%. The stock's GF Value™ is $11,817.74, compared to a current price of $14,005.00 — trading 18.5% above its estimated fair value. The current ROA % is 36.69%, which is 606% above median its 10-year median of 5.20 and 1841.3% above the Oil & Gas industry median of 1.89. Highwater Ethanol LLC's overall GF Score™ is 32/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Highwater Ethanol LLC (HEOL), the current ROA % is 36.69% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Highwater Ethanol LLC (HEOL) Overvalued in 2026?
Based on GuruFocus' analysis, Highwater Ethanol LLC stock appears to be overvalued.
The current stock price of $14,005.00 is trading 18.5% above its estimated GF Value™ of $11,817.74.
Key valuation signals for HEOL:
ROA %: 36.69% (606% above median its 10-year median of 5.20)
GF Value™: $11,817.74 vs. price of $14,005.00 (18.5% above fair value)
Industry Position: 1841.3% above the Oil & Gas median
No single metric tells the full story. See the HEOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Highwater Ethanol LLC is engaged in the production of ethanol and distillers grains at the plant. It focuses on the manufacturing and marketing of fuel-grade ethanol and the co-products of the ethanol production process. Its products include fuel-grade ethanol, distillers grains, and corn oil. The company produces and sells fuel ethanol and co-products of the fuel ethanol production process in the continental United States.
32GF Score
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