About Return on Assets (TTM)

Return on Assets (ROA) is calculated as income divided by the mean of total assets (past 12 months). It's used as an indicator to show how well a company utilizes its assets to generate a return. ROA is displayed as a percentage. The higher the ROA the better management is at generating net income from its asset base. For example, a company with an ROA of 20% means it's generating 20 cents of earnings for every $1 of invested capital.