Return on Assets (ROA)
Return on Assets (ROA) is a financial metric used to evaluate the profitability of a company relative to its total assets. It is calculated by dividing the company's net income by its total assets.
ROA = Net Income / Total Assets
The result is expressed as a percentage, and it indicates how much profit the company is generating from its assets. A high ROA indicates that the company is generating a significant amount of profit from its assets, while a low ROA suggests that the company is not using its assets effectively. Overall, ROA is an important measure of a company's profitability and efficiency in managing its resources.
Additional Details
| Metric Name | Type | Default Period Type |
|---|---|---|
| roa | fin_metric | FY |
Formatting Details
| Data Format | Display Format | Unit |
|---|---|---|
| float | perc | percentage |