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PNACW (Prime Number Acquisition I) ROE % : Negative Equity% (As of Jun. 2023)


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What is Prime Number Acquisition I ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Prime Number Acquisition I's annualized net income for the quarter that ended in Jun. 2023 was $0.37 Mil. Prime Number Acquisition I's average Total Stockholders Equity over the quarter that ended in Jun. 2023 was $-3.05 Mil. Therefore, Prime Number Acquisition I's annualized ROE % for the quarter that ended in Jun. 2023 was Negative Equity%.

The historical rank and industry rank for Prime Number Acquisition I's ROE % or its related term are showing as below:

PNACW' s ROE % Range Over the Past 10 Years
Min: Negative Equity   Med: Negative Equity   Max: Negative Equity
Current: Negative Equity

During the past 2 years, Prime Number Acquisition I's highest ROE % was Negative Equity%. The lowest was Negative Equity%. And the median was Negative Equity%.

PNACW's ROE % is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.575 vs PNACW: Negative Equity

Prime Number Acquisition I ROE % Historical Data

The historical data trend for Prime Number Acquisition I's ROE % 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.

Prime Number Acquisition I ROE % Chart

Prime Number Acquisition I Annual Data
Trend Dec21 Dec22
ROE %
- Negative Equity

Prime Number Acquisition I Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
ROE % Get a 7-Day Free Trial Premium Member Only - Negative Equity Negative Equity Negative Equity Negative Equity

Competitive Comparison of Prime Number Acquisition I's ROE %

For the Shell Companies subindustry, Prime Number Acquisition I's ROE %, along with its competitors' market caps and ROE % 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.


Prime Number Acquisition I's ROE % Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Prime Number Acquisition I's ROE % distribution charts can be found below:

* The bar in red indicates where Prime Number Acquisition I's ROE % falls into.



Prime Number Acquisition I ROE % Calculation

Prime Number Acquisition I's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as

ROE %=Net Income (A: Dec. 2022 )/( (Total Stockholders Equity (A: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=0.142/( (0.024+-2.137)/ 2 )
=0.142/-1.0565
=Negative Equity %

Prime Number Acquisition I's annualized ROE % for the quarter that ended in Jun. 2023 is calculated as

ROE %=Net Income (Q: Jun. 2023 )/( (Total Stockholders Equity (Q: Mar. 2023 )+Total Stockholders Equity (Q: Jun. 2023 ))/ count )
=0.372/( (-2.62+-3.482)/ 2 )
=0.372/-3.051
=Negative Equity %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2023) net income data. ROE % is displayed in the 30-year financial page.

* Note that if the average Total Stockholders Equity is zero or negative, then ROE % would be considered meaningless and hence not be calculated.


Prime Number Acquisition I  (NAS:PNACW) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=0.372/-3.051
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(0.372 / 0)*(0 / 60.0075)*(60.0075 / -3.051)
=Net Margin %*Asset Turnover*Equity Multiplier
=N/A %*0*N/A
=ROA %*Equity Multiplier
=N/A %*N/A
=Negative Equity %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=0.372/-3.051
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (0.372 / 0.832) * (0.832 / -2.016) * (-2.016 / 0) * (0 / 60.0075) * (60.0075 / -3.051)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.4471 * -0.4127 * N/A % * 0 * N/A
=Negative Equity %

Note: The net income data used here is four times the quarterly (Jun. 2023) net income data. The Revenue data used here is four times the quarterly (Jun. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Prime Number Acquisition I ROE % Related Terms

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Prime Number Acquisition I Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
1129 Northern Boulevard, Suite 404, Manhasset, NY, USA, 11030
Website
Prime Number Acquisition I Corp is a blank check company.

Prime Number Acquisition I Headlines

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