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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Mid-America Apartment Communities's annualized Net Income for the quarter that ended in Dec. 2024 was $667 Mil. Mid-America Apartment Communities's average Total Assets over the quarter that ended in Dec. 2024 was $11,784 Mil. Therefore, Mid-America Apartment Communities's annualized ROA % for the quarter that ended in Dec. 2024 was 5.66%.
The historical rank and industry rank for Mid-America Apartment Communities's ROA % or its related term are showing as below:
During the past 13 years, Mid-America Apartment Communities's highest ROA % was 5.66%. The lowest was 1.95%. And the median was 3.84%.
The historical data trend for Mid-America Apartment Communities'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.
Mid-America Apartment Communities Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
ROA % | Get a 7-Day Free Trial |
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2.27 | 4.75 | 5.66 | 4.87 | 4.53 |
Mid-America Apartment Communities Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
ROA % | Get a 7-Day Free Trial |
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5.61 | 5.01 | 3.54 | 3.95 | 5.66 |
For the REIT - Residential subindustry, Mid-America Apartment Communities'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 REITs industry and Real Estate sector, Mid-America Apartment Communities's ROA % distribution charts can be found below:
* The bar in red indicates where Mid-America Apartment Communities's ROA % falls into.
Mid-America Apartment Communities's annualized ROA % for the fiscal year that ended in Dec. 2024 is calculated as:
ROA % | = | Net Income (A: Dec. 2024 ) | / | ( (Total Assets (A: Dec. 2023 ) | + | Total Assets (A: Dec. 2024 )) | / count ) |
= | 527.543 | / | ( (11484.503 | + | 11812.369) | / 2 ) | |
= | 527.543 | / | 11648.436 | ||||
= | 4.53 % |
Mid-America Apartment Communities's annualized ROA % for the quarter that ended in Dec. 2024 is calculated as:
ROA % | = | Net Income (Q: Dec. 2024 ) | / | ( (Total Assets (Q: Sep. 2024 ) | + | Total Assets (Q: Dec. 2024 )) | / count ) |
= | 666.584 | / | ( (11756.252 | + | 11812.369) | / 2 ) | |
= | 666.584 | / | 11784.3105 | ||||
= | 5.66 % |
* 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 (Dec. 2024) net income data. ROA % is displayed in the 30-year financial page.
Mid-America Apartment Communities (NYSE:MAA) 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: Dec. 2024 ) | ||
= | Net Income | / | Total Assets |
= | 666.584 | / | 11784.3105 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (666.584 / 2199.328) | * | (2199.328 / 11784.3105) |
= | Net Margin % | * | Asset Turnover |
= | 30.31 % | * | 0.1866 |
= | 5.66 % |
Note: The Net Income data used here is four times the quarterly (Dec. 2024) net income data. The Revenue data used here is four times the quarterly (Dec. 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.
Thank you for viewing the detailed overview of Mid-America Apartment Communities's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gary Shorb | director | 6584 POPLAR AVE, MEMPHIS TN 38138 |
Timothy Argo | officer: EVP, Chief Strategy & Analysis | 6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138 |
Melanie Carpenter | officer: EVP & CHRO | 6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138 |
Bolton H Eric Jr | director, officer: President and Chief Executive | |
Robert J. Delpriore | officer: EVP, General Counsel | 6584 POPLAR AVENUE, MEMPHIS TN 38138 |
William Reid Sanders | director | C/O TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416 |
Tamara D Fischer | director | 5200 DTC PARKWAY, SUITE 200, GREENWOOD VILLAGE CO 80111 |
John Case | director | 600 LA TERRAZA BOULEVARD, ESCONDIDO CA 92025 |
Deborah H Caplan | director | 700 UNIVERSE BLVD, JUNO BEACH FL 33408 |
Adrian Hill | officer: EVP, Chief Investment Officer | 6815 POPLAR AVE, SUITE 500, GERMANTOWN TN 38138 |
Campbell Albert M Iii | officer: EVP-Director of Finance | 6584 POPLAR AVE., STE. 300, MEMPHIS TN 38138 |
Monica Houle Mcgurk | director | C/O BUNGE LIMITED, 1391 TIMBERLAKE MANOR PARKWAY, CHESTERFIELD MO 63017 |
Grimes Thomas L Jr | officer: EVP-Director of Property Mgm | 6584 POPLAR AVE., STE. 300, MEMPHIS TN 38138 |
David P Stockert | director | 4401 NORTHSIDE PARKWAY, SUITE 800, ATLANTA GA 30327-3057 |
Green Edith Kelly | director | 3131 DEMOCRAT ROAD BLDG B206, MEMPHIS TN 38118 |
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