ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. JPMorgan Private Equity's annualizedNet Income for the quarter that ended in Dec. 2023 was £-4.63 Mil.
JPMorgan Private Equity's average Total Assets over the quarter that ended in Dec. 2023 was £29.58 Mil. Therefore, JPMorgan Private Equity's annualized ROA % for the quarter that ended in Dec. 2023 was -15.67%.
The historical rank and industry rank for JPMorgan Private Equity's ROA % or its related term are showing as below:
LSE:JPEZ'
s ROA % Range Over the Past 10 Years
Min: -15.82 Med: 4.73 Max: 18.35
Current: -15.82
During the past 13 years, JPMorgan Private Equity's highest ROA % was 18.35%. The lowest was -15.82%. And the median was 4.73%.
LSE:JPEZ's ROA % is ranked worse than 90.69% of 1718
companies
in the Asset Management industry
Industry Median: 2.93
vs LSE:JPEZ: -15.82
* 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.
Competitive Comparison of JPMorgan Private Equity's ROA %
For the Asset Management subindustry, JPMorgan Private Equity'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.
JPMorgan Private Equity's ROA % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, JPMorgan Private Equity's ROA % distribution charts can be found below:
* The bar in red indicates where JPMorgan Private Equity's ROA % falls into.
JPMorgan Private Equity ROA % Calculation
JPMorgan Private Equity's annualized ROA % for the fiscal year that ended in Jun. 2023 is calculated as:
* 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. 2023) net income data.
ROA % is displayed in the 30-year financial page.
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 two times the semi-annual (Dec. 2023) net income data. The Revenue data used here is two times the semi-annual (Dec. 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.
JPMorgan Private Equity ROA % Related Terms
Thank you for viewing the detailed overview of JPMorgan Private Equity's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
JPMorgan Private Equity (LSE:JPEZ) Business Description
JPEL Private Equity Ltd is a Guernsey registered closed-ended investment company. Its principal activity is to invest in private equity funds, unquoted and public companies, and subsidiaries. The company's investment objective is to achieve both short-term and long-term capital appreciation by investing in a well-diversified portfolio of private equity interests and by capitalizing on the inefficiencies of the global secondary private equity market. It pursues various strategies such as acquiring secondary portfolios of direct investments and investing partnership investments to accelerate NAV development; investing in buyout, venture capital, and special situations funds.
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