Innoviz Technologies Ltd. Ordinary Shares(Invz) 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 INVZ 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 '2021', INVZ's return on assets was -46.9%, representing returns generated from total assets. Industry average for Auto Parts:O.E.M. in '2021' stood at -3.1%.
• In '2022', INVZ's return on assets was -43.5%, representing returns generated from total assets. The increase since '2021' reflects strengthening financial performance. Industry average for Auto Parts:O.E.M. in '2022' stood at -10.3%. Industry average declined by 7.2% from previous year.
• In '2023', INVZ's return on assets was -52.0%, representing returns generated from total assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Auto Parts:O.E.M. in '2023' stood at -14.1%. Industry average declined by 3.7% from previous year.
• In '2024', INVZ's return on assets was -53.9%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Auto Parts:O.E.M. in '2024' stood at -21.3%. Industry average declined by 7.3% from previous year.
Overall, INVZ'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%.