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Metasphere Labs (XCNQ:LABZ) ROA % : -353.05% (As of Jul. 2024)


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What is Metasphere Labs ROA %?

ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Metasphere Labs's annualized Net Income for the quarter that ended in Jul. 2024 was C$-4.08 Mil. Metasphere Labs's average Total Assets over the quarter that ended in Jul. 2024 was C$1.15 Mil. Therefore, Metasphere Labs's annualized ROA % for the quarter that ended in Jul. 2024 was -353.05%.

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

XCNQ:LABZ' s ROA % Range Over the Past 10 Years
Min: -623.53   Med: -323.16   Max: -1.51
Current: -1.58

During the past 5 years, Metasphere Labs's highest ROA % was -1.51%. The lowest was -623.53%. And the median was -323.16%.

XCNQ:LABZ's ROA % is ranked worse than
61.1% of 2828 companies
in the Software industry
Industry Median: 1.515 vs XCNQ:LABZ: -1.58

Metasphere Labs ROA % Historical Data

The historical data trend for Metasphere Labs'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.

Metasphere Labs ROA % Chart

Metasphere Labs Annual Data
Trend Jul20 Jul21 Jul22 Jul23 Jul24
ROA %
-400.00 -623.53 -323.16 -302.31 -1.51

Metasphere Labs Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 Premium Member Only Premium Member Only Premium Member Only -297.78 174.63 250.59 68.49 -353.05

Competitive Comparison of Metasphere Labs's ROA %

For the Software - Infrastructure subindustry, Metasphere Labs'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.


Metasphere Labs's ROA % Distribution in the Software Industry

For the Software industry and Technology sector, Metasphere Labs's ROA % distribution charts can be found below:

* The bar in red indicates where Metasphere Labs's ROA % falls into.



Metasphere Labs ROA % Calculation

Metasphere Labs's annualized ROA % for the fiscal year that ended in Jul. 2024 is calculated as:

ROA %=Net Income (A: Jul. 2024 )/( (Total Assets (A: Jul. 2023 )+Total Assets (A: Jul. 2024 ))/ count )
=-0.014/( (0.837+1.016)/ 2 )
=-0.014/0.9265
=-1.51 %

Metasphere Labs's annualized ROA % for the quarter that ended in Jul. 2024 is calculated as:

ROA %=Net Income (Q: Jul. 2024 )/( (Total Assets (Q: Apr. 2024 )+Total Assets (Q: Jul. 2024 ))/ count )
=-4.076/( (1.293+1.016)/ 2 )
=-4.076/1.1545
=-353.05 %

* 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 (Jul. 2024) net income data. ROA % is displayed in the 30-year financial page.


Metasphere Labs  (XCNQ:LABZ) 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: Jul. 2024 )
=Net Income/Total Assets
=-4.076/1.1545
=(Net Income / Revenue)*(Revenue / Total Assets)
=(-4.076 / 0.868)*(0.868 / 1.1545)
=Net Margin %*Asset Turnover
=-469.59 %*0.7518
=-353.05 %

Note: The Net Income data used here is four times the quarterly (Jul. 2024) net income data. The Revenue data used here is four times the quarterly (Jul. 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.


Metasphere Labs ROA % Related Terms

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Metasphere Labs Business Description

Traded in Other Exchanges
Address
1890 – 1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9
Metasphere Labs Inc develops solutions for the metaverse, DAOs, gamification, and Web3, addressing social challenges related to climate change and aiming for a positive planetary impact. Its projects portfolio includes ClimateBot, and CarbonBot. Company operates in one single segment, which is the design, development, and sale of exclusive Non-Fungible Tokens. Its maximum revenue is from non-fungible tokens (NFT), with Geographical revenue from Canada.
Executives
Arthur Francis Rowe Senior Officer

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