Above Food Ingredients Warrants(Abvew) Financials: Return On Assets Compared To Industry Average, Plus Other Key Ratios
Profitability Trend (Last 5 Years)
Profitability - return on assets
This chart shows the historical trend of return on assets for ABVEW compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Return on Assets (ROA)
Definition: ROA shows how efficiently the company turns everything it owns — its entire asset base — into net profit after all costs and taxes. A higher ROA means the business squeezes more profit from its assets. Lower ROA might reflect poor asset utilization or heavy reliance on expensive financing.
Interpretation:
• In '2022', ABVEW's return on assets was -3.4%, representing returns generated from total assets. Industry average for Packaged Foods in '2022' stood at -8.7%.
• In '2023', ABVEW's return on assets was -25.8%, representing returns generated from total assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Packaged Foods in '2023' stood at -7.6%. Industry average increased by 1.1% compared to previous year.
• In '2024', ABVEW's return on assets was -32.8%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Packaged Foods in '2024' stood at -9.3%. Industry average declined by 1.7% from previous year.
Overall, ABVEW's return on assets has been volatile but showed a downward trend over the past 3 years.
Formula: ROA = Net Income / Total Assets
Good Range: Commonly 5%-15%.