GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » iNeedMD Holdings Inc (GREY:NEMD) » Definitions » ROA %

iNeedMD Holdings (iNeedMD Holdings) ROA % : 650.67% (As of Mar. 2016)


View and export this data going back to 2014. Start your Free Trial

What is iNeedMD Holdings ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. iNeedMD Holdings's annualized Net Income for the quarter that ended in Mar. 2016 was $4.58 Mil. iNeedMD Holdings's average Total Assets over the quarter that ended in Mar. 2016 was $0.70 Mil. Therefore, iNeedMD Holdings's annualized ROA % for the quarter that ended in Mar. 2016 was 650.67%.

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

NEMD's ROA % is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: -1.93
* Ranked among companies with meaningful ROA % only.

iNeedMD Holdings ROA % Historical Data

The historical data trend for iNeedMD Holdings'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.

iNeedMD Holdings ROA % Chart

iNeedMD Holdings Annual Data
Trend Nov12 Nov13 Nov14 Dec15
ROA %
-322.22 -800.00 -4,900.00 -428.03

iNeedMD Holdings Quarterly Data
Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Mar15 Jun15 Sep15 Dec15 Mar16
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 -181.87 -140.47 -128.11 -797.66 650.67

Competitive Comparison of iNeedMD Holdings's ROA %

For the Medical Devices subindustry, iNeedMD Holdings'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.


iNeedMD Holdings's ROA % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, iNeedMD Holdings's ROA % distribution charts can be found below:

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



iNeedMD Holdings ROA % Calculation

iNeedMD Holdings's annualized ROA % for the fiscal year that ended in Dec. 2015 is calculated as:

ROA %=Net Income (A: Dec. 2015 )/( (Total Assets (A: Nov. 2014 )+Total Assets (A: Dec. 2015 ))/ count )
=-4.948/( (0+1.156)/ 1 )
=-4.948/1.156
=-428.03 %

iNeedMD Holdings's annualized ROA % for the quarter that ended in Mar. 2016 is calculated as:

ROA %=Net Income (Q: Mar. 2016 )/( (Total Assets (Q: Dec. 2015 )+Total Assets (Q: Mar. 2016 ))/ count )
=4.584/( (1.156+0.253)/ 2 )
=4.584/0.7045
=650.67 %

* 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 (Mar. 2016) net income data. ROA % is displayed in the 30-year financial page.


iNeedMD Holdings  (GREY:NEMD) 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: Mar. 2016 )
=Net Income/Total Assets
=4.584/0.7045
=(Net Income / Revenue)*(Revenue / Total Assets)
=(4.584 / 0)*(0 / 0.7045)
=Net Margin %*Asset Turnover
=N/A %*0
=650.67 %

Note: The Net Income data used here is four times the quarterly (Mar. 2016) net income data. The Revenue data used here is four times the quarterly (Mar. 2016) 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.


iNeedMD Holdings ROA % Related Terms

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


iNeedMD Holdings (iNeedMD Holdings) Business Description

Traded in Other Exchanges
N/A
Address
650 First Avenue, Third Floor, New York, NY, USA, 10016
iNeedMD Holdings Inc is a United States of America based medical device development company. The company's products include The EKG Glove and Portable ECG devices. Its product development programs focus on easy-to-use systems for collecting a plurality of diagnostic information and transmitting that data to local and remote locations. The EKG Glove provides healthcare workers with a standardized ECG solution that enables to quickly and accurately assess an individual's cardiac health.
Executives
Thomas Albert Nicolette director, officer: President and CEO 7 SPRING HOLLOW ROAD, CENTERPORT NY 11721

iNeedMD Holdings (iNeedMD Holdings) Headlines

No Headlines