Rate of return on assets formula
The return on assets (ROA) percentage is a financial ratio indicating how profitable a company is relative to its total assets. ROA is an indicator of how profitable The formula is similar to ROA but allows for average assets. ROIC is used to compare the return on invested capital to the overall cost of the invested capital, The basis of this ratio is that if a company is going to start a project they expect to earn a return on it. This return is the ROA. Simply put, if ROA is above the rate