ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Brookfield Renewable Partners LP's annualizedNet Income for the quarter that ended in Sep. 2024 was C$-449.73 Mil.
Brookfield Renewable Partners LP's average Total Assets over the quarter that ended in Sep. 2024 was C$101,485.44 Mil. Therefore, Brookfield Renewable Partners LP's annualized ROA % for the quarter that ended in Sep. 2024 was -0.44%.
TSX:BEP.PR.M.PFD'
s ROA % Range Over the Past 10 Years
Min: -0.27 Med: -0.08 Max: 0.33
Current: -0.27
During the past 13 years, Brookfield Renewable Partners LP's highest ROA % was 0.33%. The lowest was -0.27%. And the median was -0.08%.
TSX:BEP.PR.M.PFD's ROA % is ranked worse than 71.49% of 442
companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.03
vs TSX:BEP.PR.M.PFD: -0.27
Brookfield Renewable Partners LP ROA % Historical 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.
Competitive Comparison of Brookfield Renewable Partners LP's ROA %
For the Utilities - Renewable subindustry, Brookfield Renewable Partners LP'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.
Brookfield Renewable Partners LP's ROA % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Brookfield Renewable Partners LP's ROA % distribution charts can be found below:
* The bar in red indicates where Brookfield Renewable Partners LP's ROA % falls into.
* 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. 2024) 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 four times the quarterly (Sep. 2024) net income data. The Revenue data used here is four times the quarterly (Sep. 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.
Brookfield Renewable Partners LP ROA % Related Terms
Thank you for viewing the detailed overview of Brookfield Renewable Partners LP's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.
Brookfield Renewable Partners LP Business Description
Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company's portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia and totals over 20 gigawatts of installed capacity. Brookfield Renewable invests in assets directly, as well as with institutional partners, joint venture partners, and through other arrangements. The company offers two separate listings for investors: Brookfield Renewable Partners and Brookfield Renewable Corp.
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