Advent Technologies Warrant(Adnww) 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 ADNWW 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 '2020', ADNWW's return on assets was -164.8%, representing returns generated from total assets. Industry average for Industrial Machinery/Components in '2020' stood at -109.8%.
• In '2021', ADNWW's return on assets was -24.9%, representing returns generated from total assets. The increase since '2020' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2021' stood at -15.0%. Industry average increased by 94.8% compared to previous year.
• In '2022', ADNWW's return on assets was -58.9%, representing returns generated from total assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Industrial Machinery/Components in '2022' stood at -9.7%. Industry average increased by 5.3% compared to previous year.
• In '2023', ADNWW's return on assets was -114.9%, representing returns generated from total assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Industrial Machinery/Components in '2023' stood at -19.4%. Industry average declined by 9.7% from previous year.
Overall, ADNWW's return on assets has been volatile but showed an upward trend over the past 4 years.
Formula: ROA = Net Income / Total Assets
Good Range: Commonly 5%-15%.