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.
EnWave
Return on Asset
=
Net Income
Total Assets
X
100
=
(19.41) %
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.
Based on latest financial disclosure EnWave Corp has Return On Asset of -19.41%. This is 221.36% higher than that of Industrial Goods sector, and 867.19% lower than that of Diversified Machinery industry, The Return On Asset for all stocks is 211.06% higher than the company.
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