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', CNVS's return on assets was -83.3%, representing returns generated from total assets. Industry average for Consumer Electronics/Video Chains in '2021' stood at -20.8%.
• In '2022', CNVS's return on assets was 2.5%, representing returns generated from total assets. The increase since '2021' reflects strengthening financial performance. Industry average for Consumer Electronics/Video Chains in '2022' stood at 5.7%. Industry average increased by 26.6% compared to previous year.
• In '2023', CNVS's return on assets was -10.1%, representing returns generated from total assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Video Chains in '2023' stood at 3.1%. Industry average declined by 2.6% from previous year.
• In '2024', CNVS's return on assets was -28.1%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Video Chains in '2024' stood at -1.0%. Industry average declined by 4.1% from previous year.
Overall, CNVS'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%.