Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
EnWave Return On Asset Assessment
Based on latest financial disclosure EnWave Corp has Return On Asset of -22.47%. This is 445.39% higher than that of Industrial Goods sector, and 2124.32% lower than that of Diversified Machinery industry, The Return On Asset for all stocks is 250.55% higher than the company.
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EnWave is currently under evaluation in return on asset category among related companies.
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