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 '2021', ADX's return on assets was 23.3%, representing returns generated from total assets. Industry average for Investment Managers in '2021' stood at 11.8%.
• In '2022', ADX's return on assets was -19.6%, representing returns generated from total assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Investment Managers in '2022' stood at -4.7%. Industry average declined by 16.4% from previous year.
• In '2023', ADX's return on assets was 23.6%, representing returns generated from total assets. The increase since '2022' reflects strengthening financial performance. Industry average for Investment Managers in '2023' stood at 1.1%. Industry average increased by 5.8% compared to previous year.
• In '2024', ADX's return on assets was 21.0%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Investment Managers in '2024' stood at 8.9%. Industry average increased by 7.7% compared to previous year.
Overall, ADX's return on assets has been volatile but showed a downward trend over the past 4 years.

Formula: ROA = Net Income / Total Assets

Good Range: Commonly 5%-15%.