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', HOVR's return on assets was -360.6%, representing returns generated from total assets. Industry average for Aerospace in '2022' stood at -61.1%.
• In '2022', HOVR's return on assets was -360.6%, representing returns generated from total assets. The figure remained stable compared to '2022'. Industry average for Aerospace in '2022' stood at -61.1%. Industry average remained unchanged from prior year.
• In '2023', HOVR's return on assets was 14.1%, representing returns generated from total assets. The increase since '2022' reflects strengthening financial performance. Industry average for Aerospace in '2023' stood at -17.6%. Industry average increased by 43.5% compared to previous year.
• In '2023', HOVR's return on assets was 14.1%, representing returns generated from total assets. The figure remained stable compared to '2023'. Industry average for Aerospace in '2023' stood at -17.6%. Industry average remained unchanged from prior year.
• In '2024', HOVR's return on assets was -12.8%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Aerospace in '2024' stood at -20.1%. Industry average declined by 2.5% from previous year.
Overall, HOVR's return on assets has been volatile but showed an upward trend over the past 5 years.

Formula: ROA = Net Income / Total Assets

Good Range: Commonly 5%-15%.