**Id:**`return_on_asset`

**Type:**`fundamentals`

**Subtype:**`ratios`

**Units:**`percentage`

**Decimal Points:**`2`

**Currency Convertible:**`No`

**Tags:**`“return on assets”, “ROA”, “return on total assets”, “asset profitability”, “asset efficiency”`

Return on Assets is a way to measure how profitable a company is relative to its total assets. It shows how much net income a company earns for every dollar of assets it owns. Assets are the resources that a company uses to operate its business, such as cash, inventory, equipment, and intellectual property. Return on Assets can help managers, analysts, and investors evaluate how efficiently a company uses its assets to generate earnings. The formula for Return on Assets is:
Where:
- TTM Net Income is TM002, ttm_net_inc
- Average Total Assets is BS036, bs_tot_asset

`Return on Assets = (TTM Net Income / Average Total Assets) * 100`