ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Innovative Holdings Alliance's annualizedNet Income for the quarter that ended in Aug. 2023 was $-0.04 Mil.
Innovative Holdings Alliance's average Total Assets over the quarter that ended in Aug. 2023 was $0.09 Mil. Therefore, Innovative Holdings Alliance's annualized ROA % for the quarter that ended in Aug. 2023 was -43.48%.
The historical rank and industry rank for Innovative Holdings Alliance's ROA % or its related term are showing as below:
IHAI's ROA % is not ranked *
in the Diversified Financial Services industry.
Industry Median: 0.9 * Ranked among companies with meaningful ROA % only.
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 one times the annual (Aug. 2023) net income data. The Revenue data used here is one times the annual (Aug. 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.
Innovative Holdings Alliance ROA % Related Terms
Innovative Holdings Alliance 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.
Innovative Holdings Alliance ROA % Chart
Innovative Holdings Alliance Annual Data
Trend
ROA %
Innovative Holdings Alliance Semi-Annual Data
Aug22
Aug23
ROA %
0.00
-43.48
IHAI vs RENI, SRNW, MAYX: ROA % Comparison
For the Shell Companies subindustry, Innovative Holdings Alliance'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.
Innovative Holdings Alliance ROA % vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Innovative Holdings Alliance's ROA % distribution charts can be found below:
* The bar in red indicates where Innovative Holdings Alliance'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 one times the annual (Aug. 2023) net income data.
ROA % is displayed in the 30-year financial page.
Innovative Holdings Alliance (IHAI) has a ROA % of -43.48% as of Aug. 2023. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Innovative Holdings Alliance and its competitors.
Is Innovative Holdings Alliance's ROA % too high?
Innovative Holdings Alliance's current ROA % is -43.48%. Overall, Innovative Holdings Alliance has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Innovative Holdings Alliance's ROA % compare to RENI and SRNW?
Innovative Holdings Alliance's ROA % of -43.48% can be compared against companies in the Diversified Financial Services industry. The industry median ROA % is 0.90. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Diversified Financial Services company?
The median ROA % among Diversified Financial Services companies is 0.90, based on 561 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. 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 Innovative Holdings Alliance and its competitors. For the Diversified Financial Services industry, the median ROA % is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Holdings Alliance's current ROA % is -43.48%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative Holdings Alliance stock overvalued right now?
Innovative Holdings Alliance (IHAI) has a current ROA % of -43.48%. The current ROA % is -43.48%. Innovative Holdings Alliance's overall GF Score™ is 33/100. 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 Innovative Holdings Alliance (IHAI), the current ROA % is -43.48% as of Aug. 2023. 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.
Innovative Holdings Alliance Inc plans to participate in and acquire interests that are edge in their respective market niches and have expectations of enhancing shareholder value. It is a U.S. technology development company focused on international battery power management and energy optimization. Premergy's patent-protected electric vehicle battery management design and control systems address two key issues in the electric vehicle marketplace, vehicle range and battery thermal stress.
33GF Score
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