Normalized Return On Assets (Historical) Formula in Excel

Understanding Normalized Return On Assets (Historical)

Normalized Return On Assets (Historical) is a powerful Excel formula provided by MarketXLS that helps you gauge a company’s profitability by measuring its normalized net income relative to total assets. It adjusts for one-time gains or losses, offering a more consistent view of performance.

• Purpose: To evaluate how efficiently a firm uses its assets to generate profit, excluding irregular items.

• Key Benefits:

  • Provides a clear historical view of normalized profitability.
  • Helps compare performance across periods by removing one-off events.
  • Supports informed investment decisions.

• When to Use:

  • Analyzing long-term financial performance.
  • Comparing different companies' return on assets while accounting for nonrecurring items.

Syntax and Parameters

Syntax

=hf_Normalized_Return_on_Assets(Symbol, Year, [Quarter], [TTM])

Parameters

Return Value

• Returns a numeric value representing the normalized ROA for the specified year, quarter, or TTM period.
• If the data is not available or an invalid parameter is passed, the function returns "NA".

?? Note: Ensure you have a valid MarketXLS subscription (license Type4 or higher). Otherwise, the function may return "NA".

Examples and Usage

Below are common ways to use the hf_Normalized_Return_on_Assets formula in Excel:

1. Retrieve the normalized ROA for a specific year:

   =hf_Normalized_Return_on_Assets("MSFT", "2022")

2. Retrieve data by year and quarter:

   =hf_Normalized_Return_on_Assets("MSFT", "2022", 2)

3. Retrieve trailing twelve months for a specific quarter:

   =hf_Normalized_Return_on_Assets("MSFT", "2022", 3, "TTM")

4. Use relative references for the last quarter:

   =hf_Normalized_Return_on_Assets("MSFT", "lq")

5. Combine references for historical periods:

   =hf_Normalized_Return_on_Assets("MSFT", "ly-1")

? Pro Tip: You can quickly analyze trends by copying these formulas across multiple cells for different years and symbols.

Common Questions

1. Why am I getting "NA" for some symbols?

   • The symbol may be invalid or not supported under your current MarketXLS license plan.

2. Do I need to include a quarter every time?

   • No. If you omit the quarter, the function defaults to a standard value. For full-year data, you can just specify the year.

3. How do I reference a cell for the Year or Quarter?

   • You can reference cells in formulas, for instance:

     =hf_Normalized_Return_on_Assets(A1, B1, C1)

     Make sure the cell values match the required formats (e.g., "2022", "ly", or a quarter number).

4. Can I use the formula with different security types (indices, options, crypto)?

   • Yes. For indices, use a symbol like "^SPX". For options, "@MSFT 110122C00020000". For crypto, "BTCUSD:DEFAULT".

?? Note: Large workbooks calling many MarketXLS formulas repeatedly might experience performance delays. Consider organizing your calls or using caching features.

• Related Functions:
  • Revenue (Historical)
  • Cost Of Revenue (Historical)
  • Gross Profit (Historical)
  • R & D Expenses (Historical)
  • Selling General and Administrative Expense (Historical)