Financial Encyclopedia
ROA
Definition
Return on assets (ROA) is financial ratio that represents how profitable a company is in relation to its total assets.
Example
ROA of PJSC Tatneft for 2018-2020 amounted to 11.1%, 17.6%, 15.5%, 8.2% respectively. The downtrend indicates a decrease in the efficiency of asset use.
More detailed
ROA = Net Income / Total Assets * 100%
ROA is used to understand whether a company uses its assets efficiently. For analysis, it is necessary to look at historical data.
The normal value of the coefficient depends on the industry of the company. For example, for companies from capital-intensive industries, this indicator will be lower than for companies that do not require large capital investments. Therefore, when analyzing, investors compare this ratio with the industry average or ROA of companies within the same industry. The higher the ROA, the more efficient the company is.
According to Ranks methodology, this indicator is analyzed in the Financial position block and used along with other indicators to calculate the score.
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