GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Afentra PLC (LSE:AET) » Definitions » ROA %

Afentra (LSE:AET) ROA % : 15.95% (As of Jun. 2024)


View and export this data going back to 1997. Start your Free Trial

What is Afentra ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Afentra's annualized Net Income for the quarter that ended in Jun. 2024 was £34.91 Mil. Afentra's average Total Assets over the quarter that ended in Jun. 2024 was £218.83 Mil. Therefore, Afentra's annualized ROA % for the quarter that ended in Jun. 2024 was 15.95%.

The historical rank and industry rank for Afentra's ROA % or its related term are showing as below:

LSE:AET' s ROA % Range Over the Past 10 Years
Min: -16.85   Med: -7.83   Max: 10.72
Current: 10.72

During the past 13 years, Afentra's highest ROA % was 10.72%. The lowest was -16.85%. And the median was -7.83%.

LSE:AET's ROA % is ranked better than
86.71% of 1061 companies
in the Oil & Gas industry
Industry Median: 2.13 vs LSE:AET: 10.72

Afentra ROA % Historical Data

The historical data trend for Afentra'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.

* Premium members only.

Afentra ROA % Chart

Afentra Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROA %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.33 -2.85 -8.03 -16.85 -2.04

Afentra Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
ROA % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -10.44 -22.44 -10.20 1.52 15.95

Competitive Comparison of Afentra's ROA %

For the Oil & Gas E&P subindustry, Afentra'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.


Afentra's ROA % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Afentra's ROA % distribution charts can be found below:

* The bar in red indicates where Afentra's ROA % falls into.



Afentra ROA % Calculation

Afentra's annualized ROA % for the fiscal year that ended in Dec. 2023 is calculated as:

ROA %=Net Income (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=-2.137/( (43.404+166.398)/ 2 )
=-2.137/104.901
=-2.04 %

Afentra's annualized ROA % for the quarter that ended in Jun. 2024 is calculated as:

ROA %=Net Income (Q: Jun. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Jun. 2024 ))/ count )
=34.912/( (166.398+271.266)/ 2 )
=34.912/218.832
=15.95 %

* 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.


Afentra  (LSE:AET) 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 bank’s 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: Jun. 2024 )
=Net Income/Total Assets
=34.912/218.832
=(Net Income / Revenue)*(Revenue / Total Assets)
=(34.912 / 118.948)*(118.948 / 218.832)
=Net Margin %*Asset Turnover
=29.35 %*0.5436
=15.95 %

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.


Afentra ROA % Related Terms

Thank you for viewing the detailed overview of Afentra's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.


Afentra Business Description

Traded in Other Exchanges
Address
High Holborn House, 52-54 High Holborn, London, GBR, WC1V 6RL
Afentra PLC is an upstream oil and gas company in the United Kingdom with a focus on exploring opportunities across Africa. Its purpose is to support the energy transition in Africa by establishing itself as a credible partner for divesting IOCs and Host Governments. It holds a non-operated interest in several key blocks. The group has a non-operated interest in producing Block 3/05, as well as in the adjacent development Block 3/05A in the Lower Congo Basin, Angola. Additionally, it holds a non-operating interest in the exploration of Block 23 in the Kwanza Basin. Onshore Angola, Afentra has a non-operated interest in Block KON 19, located in the western part of the Onshore Kwanza Basin. It also has a carried interest in the Odewayne Block, located onshore in southwestern Somaliland.

Afentra Headlines

From GuruFocus

David Dreman's Top 5 Health Care Buys for the 2nd Quarter

By Sydnee Gatewood Sydnee Gatewood 08-25-2017

Here's a Stock-Market Tool That Isn't Used Much

By John Dorfman John Dorfman 07-20-2016

Weekly 52-Week Highs Highlight: AET, BK, EQIX, MGA

By Jimmy Xiao gurujx 05-11-2015

Aetna: Solid Prospects in a Volatile Environment

By Robert Abbott Robert Abbott 03-31-2015

Aetna, Cisco Top Greenblatt Magic Formula Screener

By Sheila Dang Sheila Dang 06-15-2015

14 Best Undervalued Stocks of the Week

By Benjamin Clark Benjamin Clark 08-09-2016

5 Health Care Stocks Gurus Are Buying

By Tiziano Frateschi Tiziano Frateschi 10-30-2018

Huge Long Term Upside Still Available In Aetna Inc.

By Quantified Alpha Quantified Alpha 05-14-2015