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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. CO2 Gro's annualizedNet Income for the quarter that ended in Sep. 2023 was C$-0.52 Mil.
CO2 Gro's average Total Assets over the quarter that ended in Sep. 2023 was C$0.97 Mil. Therefore, CO2 Gro's annualized ROA % for the quarter that ended in Sep. 2023 was -54.27%.
The historical rank and industry rank for CO2 Gro's ROA % or its related term are showing as below:
TSXV:GROW.H's ROA % is not ranked *
in the Agriculture industry.
Industry Median: 3.19 * Ranked among companies with meaningful ROA % only.
CO2 Gro (TSXV:GROW.H) 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:
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.
CO2 Gro ROA % Related Terms
CO2 Gro ROA % Historical Data
* Premium members only.
The historical data trend for CO2 Gro'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.
For the Agricultural Inputs subindustry, CO2 Gro'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.
CO2 Gro ROA % vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, CO2 Gro's ROA % distribution charts can be found below:
* The bar in red indicates where CO2 Gro'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. 2023) net income data.
ROA % is displayed in the 30-year financial page.
CO2 Gro (TSXV:GROW.H) has a ROA % of -54.27% as of Sep. 2023. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on CO2 Gro and its competitors.
Is CO2 Gro's ROA % too high?
CO2 Gro's current ROA % is -54.27%.
How does CO2 Gro's ROA % compare to CTVA and CF?
CO2 Gro's ROA % of -54.27% can be compared against companies in the Agriculture industry. The industry median ROA % is 3.19. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Agriculture company?
The median ROA % among Agriculture companies is 3.19, based on 260 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on CO2 Gro and its competitors. For the Agriculture industry, the median ROA % is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CO2 Gro's current ROA % is -54.27%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CO2 Gro stock overvalued right now?
CO2 Gro (TSXV:GROW.H) has a current ROA % of -54.27%. The current ROA % is -54.27%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For CO2 Gro (TSXV:GROW.H), the current ROA % is -54.27% as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
CO2 Gro Inc is engaged in commercializing its patent-licensed CO2 gas infusion technology and its patent-pending US PTO CO2 Delivery Solutions system, both of which form the company's saturated CO2 solutions plant platform. Saturated CO2 solution when misted onto plants provides growers that cannot gas with CO2 the opportunity to increase plant yields. The company's sole focus is working with its plant growers and agri-industrial partners in proving and adopting its CO2 technologies for specific growers' plant yield needs.
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