Quantum Fintech Acquisition's ROA from the third quarter of 2023 to the third quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics

What is Quantum Fintech Acquisition's ROA in the third quarter of 2023?
Quantum Fintech Acquisition Corporation achieved a return on average assets (ROA) of 0.4 % in its third quarter of 2023, this is above QFTA's average return on assets of 0.38%.
Quantum Fintech Acquisition Corporation assets over the 12 months ending in its third quarter of 2023 are valued at $173 million

ROA decreased relative to the period ending Jun 30 2023, due to the decline in net income.

However, within the Financial sector 713 other companies had a higher return on assets. While return on assets, the total ranking has deteriorated compared to the second quarter of 2023 from 2105 to 2522.

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Return On Assets	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter
Y / Y Total Assets Change	-86.23 %	-71.24 %	-71.76 %	0.05 %	100.73 %
Y / Y Net Income Change	-	-94.04 %	-85.82 %	-	-
Net Income (TTM) in million	1	2	10	11	-2
Return On Assets (TTM)	0.4 %	0.85 %	2.97 %	2.73 %	-0.6 %
QFTA's Total Ranking	# 2522	# 2105	# 1140	# 1499	# 3292
Total Assets (TTM) in million	56	116	114	408	405
Seq. Total Assets Change	-51.92 %	1.98 %	-72.13 %	0.73 %	0.47 %
Seq. Net Income Change	-	152.41 %	-30.55 %	-78.19 %	-84.4 %

QFTA's 5 Years Annual ROA >> Back to QFTA Management Effectiveness >> Compare QFTA ROA to its Competitors

Return On Assets Company Ranking
Within:	No.
Industry	# 126
Sector	# 714
Overall	# 2489

Return On Assets Statistics
High	Average	Low
5.93 %	0.38 %	-7.63 %
(Mar 31 2023)		(Mar 31 2022)

Financial Statements
Quantum Fintech Acquisition's Assets	$ 56 million	QFTA's Balance sheet
Quantum Fintech Acquisition's Income	$ 0 million	Quarterly QFTA's Income Statement
QFTA's Income by Division		See QFTA's Income by Division

Annual Return On Assets	(Dec 31 2022) FY 2022	(Dec 31 2021) FY 2021	FY	FY	FY
Y / Y Total Assets Change	1.3 %	111974.5 %	-	-	-
Total Assets in million	408	403	0	0	0
Y / Y Net Income Change	-	-	-	-	-
Net Income in million	11	-6	0	0	0
Annual Return On Assets	2.71 %	-1.42 %	-	-	-

QFTA's 5 Years Annual ROA >> Back to QFTA Management Effectiveness >> Compare QFTA ROA to its Competitors

Comment on QFTA's ROA in the fiscal year ending 2022

In the fiscal year 2022 ROA improved to 2.71 % compared to prior year, due to annual net income growth of % to $11.05 million, while value of Quantum Fintech Acquisition's overall assets grew just by 1.3 % to $408.25 million, compared to $408.25 a year before.

More Return On Assets Ratios
QFTA's' Return on Assets at Yahoo Finance
Blank Checks Industry Return On Assets Trends and Statistics
Financial Sector Roa Statistics
Roa Trends for overall market
QFTA's Roa Ratio versus Blank Checks Industry, Financial Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Subscribers only: Roa for QFTA's Competitors
Subscribers only: Roa for Quantum Fintech Acquisition's Suppliers
Subscribers only: Return On Assets for QFTA's Customers

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QFTA's Roi	QFTA's Inventory Turnover Ratio	QFTA's Growth Rates	QFTA's Dividend Comparisons
	QFTA's Profitability Ratios	QFTA's Asset Turnover Ratio	QFTA's Dividend Growth
QFTA's Roe	QFTA's Valuation Ratios	QFTA's Financial Strength Ratios	QFTA's Dividend Payout Ratio

Companies with similar Return On Assets at Sep 30 2023, within Financial Sector	ROA
Velocity Financial Inc	1.11 %
Eagle Bancorp Inc	1.10 %
First Trinity Financial Corporation	1.10 %
Heritage Financial Corp	1.10 %
United Bancorp Inc	1.09 %
Reinsurance Group Of America Incorporated	1.09 %
First Hawaiian Inc	1.08 %
Provident Financial Services Inc	1.08 %
STANDARD PREMIUM FINANCE HOLDINGS, INC.	1.08 %
Chemung Financial Corp	1.07 %
The First Bancshares Inc	1.07 %
First Busey Corporation	1.07 %
Cnb Financial Corp	1.07 %
Athene Holding Ltd	1.06 %
First United Corporation	1.06 %
Greene County Bancorp Inc	1.06 %
Pioneer Bancorp Inc	1.05 %
Atlantic Union Bankshares Corporation	1.05 %
Capital City Bank Group Inc	1.05 %
Univest Financial Corporation	1.05 %
Capstar Financial Holdings Inc	1.05 %
Southern Missouri Bancorp Inc	1.05 %
Hills Bancorporation	1.05 %
Heartland Financial Usa Inc	1.04 %
Skyline Bankshares Inc	1.03 %
Kairous Acquisition Corp Limited	1.03 %
Connectone Bancorp Inc	1.03 %
Truist Financial Corporation	1.03 %
Northrim Bancorp Inc	1.03 %
Wesbanco Inc	1.02 %

Date modified: 2026-09-08T15:11:07+00:00

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