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Iris Acquisition Corp
NASDAQ:IRAA

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Iris Acquisition Corp
NASDAQ:IRAA
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Price: 6.43 USD 28.34% Market Closed
Market Cap: 167.2m USD

ROA
Return on Assets

-66.2%
Current
-8%
Average
-3.2%
Industry

ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.

ROA
-66.2%
=
Net Income
-2.5m
/
Total Assets
3.8m

ROA Across Competitors

Iris Acquisition Corp
Glance View

Market Cap
167.2m USD
Industry
N/A

Tribe Capital Growth Corp.I operates as a blank check company. The company is headquartered in George Town, Grand Cayman. The company went IPO on 2021-03-09. The firm is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. The firm has not selected any specific business combination target. The firm is not engaged in any business and has not generated any revenue.

IRAA Intrinsic Value
HIDDEN
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What is Return on Assets?

ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.

ROA
-66.2%
=
Net Income
-2.5m
/
Total Assets
3.8m
What is the ROA of Iris Acquisition Corp?

Based on Iris Acquisition Corp's most recent financial statements, the company has ROA of -66.2%.

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