Return on Net Nonoperating Assets (RNNOA)

Return on Net Nonoperating Assets (RNNOA) is a financial metric used to evaluate the profitability of a company's non-operating assets. It calculates the company's net income divided by the difference between its total assets and its operating assets.

The formula for RNNOA is as follows:

RNNOA = Net Income / (Total Assets - Operating Assets)

Operating assets are those that a company uses to generate revenue, such as inventory, property, and equipment. Non-operating assets are those assets that a company holds for investment or other non-operating purposes, such as cash, investments, and patents.

RNNOA measures how effectively a company generates profits from its non-operating assets, and is used by investors to measure the overall profitability of a company's investment and financing decisions.

Additional Details

Metric Name	Type	Default Period Type
rnnoa	fin_metric	FY

Formatting Details

Data Format	Display Format	Unit
float	perc	percentage