PPHP has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
PPHP has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. PHP Ventures Acquisition's annualized Net Income for the quarter that ended in Sep. 2023 was $-2.94 Mil. PHP Ventures Acquisition's average Total Assets over the quarter that ended in Sep. 2023 was $14.42 Mil. Therefore, PHP Ventures Acquisition's annualized ROA % for the quarter that ended in Sep. 2023 was -20.37%.
The historical rank and industry rank for PHP Ventures Acquisition's ROA % or its related term are showing as below:
During the past 2 years, PHP Ventures Acquisition's highest ROA % was -3.12%. The lowest was -4.34%. And the median was -3.12%.
The historical data trend for PHP Ventures Acquisition'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.
PHP Ventures Acquisition Annual Data | |||||
Trend | Dec21 | Dec22 | |||
ROA % | - | -3.12 |
PHP Ventures Acquisition Quarterly Data | ||||||||||
May21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
ROA % | Get a 7-Day Free Trial | -2.87 | -2.34 | -4.16 | 0.99 | -20.37 |
For the Shell Companies subindustry, PHP Ventures Acquisition'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 Diversified Financial Services industry and Financial Services sector, PHP Ventures Acquisition's ROA % distribution charts can be found below:
* The bar in red indicates where PHP Ventures Acquisition's ROA % falls into.
PHP Ventures Acquisition's annualized ROA % for the fiscal year that ended in Dec. 2022 is calculated as:
ROA % | = | Net Income (A: Dec. 2022 ) | / | ( (Total Assets (A: Dec. 2021 ) | + | Total Assets (A: Dec. 2022 )) | / count ) |
= | -1.848 | / | ( (58.661 | + | 59.855) | / 2 ) | |
= | -1.848 | / | 59.258 | ||||
= | -3.12 % |
PHP Ventures Acquisition's annualized ROA % for the quarter that ended in Sep. 2023 is calculated as:
ROA % | = | Net Income (Q: Sep. 2023 ) | / | ( (Total Assets (Q: Jun. 2023 ) | + | Total Assets (Q: Sep. 2023 )) | / count ) |
= | -2.936 | / | ( (19.101 | + | 9.729) | / 2 ) | |
= | -2.936 | / | 14.415 | ||||
= | -20.37 % |
* 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 (Sep. 2023) net income data. ROA % is displayed in the 30-year financial page.
PHP Ventures Acquisition (NAS:PPHP) 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: Sep. 2023 ) | ||
= | Net Income | / | Total Assets |
= | -2.936 | / | 14.415 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (-2.936 / 0) | * | (0 / 14.415) |
= | Net Margin % | * | Asset Turnover |
= | N/A % | * | 0 |
= | -20.37 % |
Note: The Net Income data used here is four times the quarterly (Sep. 2023) net income data. The Revenue data used here is four times the quarterly (Sep. 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.
Thank you for viewing the detailed overview of PHP Ventures Acquisition's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Polar Asset Management Partners Inc. | 10 percent owner | 16 YORK STREET SUITE 2900, TORONTO A6 M5J 0E6 |
Atlas Merchant Capital Llc | 10 percent owner | 477 MADISON AVENUE, 22ND FLOOR, NEW YORK NY 10022 |
Yakira Capital Management, Inc. | 10 percent owner | 1555 POST ROAD EAST, SUITE 202, WESTPORT CT 06880 |
Garry Richard Stein | officer: Chief Financial Officer | FLAT LB, 6/F, TOWER 3, AMBER HEMERA, OF LOHAS PARK, 1 LOHAS PARK ROAD, TSEUNG KWAN O, NEW TERRITORIES K3 00000 |
Plc Barclays | 10 percent owner | 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP |
Antony Gordon | director | C/O FISCHER ZIZBLATT & KISS, 1800 AVE OF THE STARS #320, LOS ANGELES CA 90067 |
Global Link Investment Llc | 10 percent owner | 25, JALAN SS19/4E, SUBANG JAYA, SELANGOR N8 47500 |
Ngoh Marcus Choo Yeow | director, officer: Chief Executive Officer | CT10-06 LEVEL 10 CORPORATE TOWER SUBANG, JALAN SS 15/4G SUBANG JAYA, SELANGOR N8 47500 |
Anih Donald Nnamdi Esq. | director | 16/18 OREMEJI STREET, LIVERPOOL ESTATE, SATELLITE TOWN, LAGOS Q5 102262 |
Phoon Khye Wang | director | 29-2, JALAN RADIN ANUM 2, SRI PETALING, KUALA LUMPUR N8 57000 |
From GuruFocus
By GlobeNewswire GlobeNewswire • 11-07-2022
By GuruFocus Research • 08-11-2023
By Value_Insider Value_Insider • 11-07-2022
By Marketwired • 09-27-2023
By GlobeNewswire GlobeNewswire • 12-30-2022
By sperokesalga sperokesalga • 03-23-2023
By Tiesvg Tiesvg • 12-28-2022
By Tiesvg Tiesvg • 12-30-2022
By GlobeNewswire • 09-27-2023
By Business Wire Business Wire • 02-06-2023
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.