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Neovici Holding AB (publ) Co (OSTO:NEO B) ROA % : -27.75% (As of Dec. 2024)


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What is Neovici Holding AB (publ) Co ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Neovici Holding AB (publ) Co's annualized Net Income for the quarter that ended in Dec. 2024 was kr-26.72 Mil. Neovici Holding AB (publ) Co's average Total Assets over the quarter that ended in Dec. 2024 was kr96.27 Mil. Therefore, Neovici Holding AB (publ) Co's annualized ROA % for the quarter that ended in Dec. 2024 was -27.75%.

The historical rank and industry rank for Neovici Holding AB (publ) Co's ROA % or its related term are showing as below:

OSTO:NEO B' s ROA % Range Over the Past 10 Years
Min: -43.78   Med: -34.84   Max: -23.61
Current: -28.3

During the past 3 years, Neovici Holding AB (publ) Co's highest ROA % was -23.61%. The lowest was -43.78%. And the median was -34.84%.

OSTO:NEO B's ROA % is ranked worse than
84.48% of 2796 companies
in the Software industry
Industry Median: 1.585 vs OSTO:NEO B: -28.30

Neovici Holding AB (publ) Co ROA % Historical Data

The historical data trend for Neovici Holding AB (publ) Co'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.

Neovici Holding AB (publ) Co ROA % Chart

Neovici Holding AB (publ) Co Annual Data
Trend Dec22 Dec23 Dec24
ROA %
-23.61 -43.78 -34.84

Neovici Holding AB (publ) Co Quarterly Data
Dec22 Mar23 Sep23 Dec23 Mar24 Sep24 Dec24
ROA % Get a 7-Day Free Trial - -74.14 -50.42 -36.22 -27.75

Competitive Comparison of Neovici Holding AB (publ) Co's ROA %

For the Software - Application subindustry, Neovici Holding AB (publ) Co'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.


Neovici Holding AB (publ) Co's ROA % Distribution in the Software Industry

For the Software industry and Technology sector, Neovici Holding AB (publ) Co's ROA % distribution charts can be found below:

* The bar in red indicates where Neovici Holding AB (publ) Co's ROA % falls into.


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Neovici Holding AB (publ) Co ROA % Calculation

Neovici Holding AB (publ) Co'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 )
=-29.297/( (68.941+99.261)/ 2 )
=-29.297/84.101
=-34.84 %

Neovici Holding AB (publ) Co'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 )
=-26.716/( (93.281+99.261)/ 2 )
=-26.716/96.271
=-27.75 %

* 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.


Neovici Holding AB (publ) Co  (OSTO:NEO B) 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: Dec. 2024 )
=Net Income/Total Assets
=-26.716/96.271
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-26.716 / 55.128)*(55.128 / 96.271)
=Net Margin %*Asset Turnover
=-48.46 %*0.5726
=-27.75 %

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.


Neovici Holding AB (publ) Co ROA % Related Terms

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Neovici Holding AB (publ) Co Business Description

Traded in Other Exchanges
N/A
Address
Stora Nygatan 27, Stockholm, SWE, 111 27
Neovici Holding AB (publ) Co is engaged in providing automated financial services through a SaaS model (Software-as-a-Service). It develop, sell and implement a cloud-based platform for financial automation. The company operates in the Nordic region and in Latin America.

Neovici Holding AB (publ) Co Headlines

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