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AltC Acquisition Corp
NYSE:ALCC

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AltC Acquisition Corp
NYSE:ALCC
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Price: 12.83 USD 1.02%
Updated: Apr 18, 2024

ROA
Return on Assets

2.9%
Current
1%
Average
-2.5%
Industry
Positive for the last year
2.9%
Positive average
1%
Better than average
Better than industry value

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
2.9%
=
Net Income
11.9m
/
Total Assets
410.2m

ROA Across Competitors

ROA Comparison
AltC Acquisition Corp Competitors

Country US
Market Cap 547.4m USD
ROA
3%
Country CA
Market Cap 567.9B CAD
ROA
-148%
Country US
Market Cap 301B USD
ROA N/A
Country US
Market Cap 270.6B USD
ROA
-4 246%
Country NL
Market Cap 77.2B Zac
ROA
6%
Country US
Market Cap 55.5B USD
ROA N/A
Country US
Market Cap 55.2B USD
ROA
-14%
Country US
Market Cap 53.9B USD
ROA
-75%
Country US
Market Cap 38.6B EUR
ROA
12%
Country ID
Market Cap 647.2T IDR
ROA N/A
Country US
Market Cap 38.4B USD
ROA N/A

Profitability Report

View the profitability report to see the full profitability analysis for AltC Acquisition Corp.

See Also

Discover More
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
2.9%
=
Net Income
11.9m
/
Total Assets
410.2m
What is the ROA of AltC Acquisition Corp?

Based on AltC Acquisition Corp's most recent financial statements, the company has ROA of 2.9%.