Hello everyone,
I just trying an algorithm for fundamental factors, but get some confused on ‘period value’. In fact, I find something strange after comparing QC's data to macrotrend.
Let's take one example on the ticker ‘MKL' and its Return on Asset (ROA).
On 2015-03-03, the ROA is 0.012735 from QC with peirodEndingDate = 2014-12-31.
From macrotrend, the ROA value for 2014Q4 is 1.29%
My question is: what the value ‘ROA.ThreeMonths’ and ‘ROA.SixMonths’ mean here, how to derive them?..
In other words, if I want to calculate quarterly ROA, how to do it?
Many thanks,
Arthur.C
Alexandre Catarino
Hi Arthur Chen ,
The Return on Asset (ROA) is reported with the following lookback periods: one year, six months (two quarters). and three months (one quarter). The default value is one-year: ROA.Value = ROA.OneYear. I believe that is the value reported on Macrotrend, however, they don't make it clear.
ROA.ThreeMonths reports the ratio between the last quarter's net income and average total assets.
Arthur Chen
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