Return on Assets (ROA)

Return on Assets (ROA) measures the company's efficiency in generating profit from its assets. It indicates how effect
The ROA fluctuates over the five-year period, indicating changes in the company's efficiency in generating profit from
The highest ROA is observed in 2021, at approximately 7.7%.
The lowest ROA is observed in 2022, at approximately 4.4%.
The ROA in 2023 (7.5%) is higher than in 2020 (7.4%) and 2019 (6.7%), indicating improved efficiency in utilizing asset
The Return on Assets (ROA) is crucial for assessing a company's profitability and efficiency in asset utilization. Fluctua
in revenue, expenses, asset base, debt levels, and overall economic conditions.
Comparing the ROA with industry benchmarks and analyzing other financial metrics alongside qualitative factors can p
competitiveness within its industry.
 year 2023 2022 2021 2020 2019
Net Income 1,740 843 1,085 937 775
Sales/Revenue 17,659 13,256 11,403 9,485 10,134
Total Assets 23,188 19,207 14,178 12,686 11,493
Total Equity 14,171 11,255 8,257 7,931 7,552

Profit Margin = Net Income /

0.09853 0.06359 0.09515 0.09879 0.07648
Sales
Return on Assets (ROA) = Net Income
0.075039
/ Total Assets
0.04389 0.076527 0.073861 0.067432

0.1
Return on Assets (ROA)

0.05

0
2023 2022 2021 2020 2019

ts assets. It indicates how effectively the company utilizes its assets to generate earnings
ciency in generating profit from its assets.

oved efficiency in utilizing assets to generate profit compared to those years.

ency in asset utilization. Fluctuations in this ratio can be influenced by various factors such as changes

ongside qualitative factors can provide further insights into the company's financial performance and