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', MAGN's return on assets was 1.7%, representing returns generated from total assets. Industry average for Paper in '2020' stood at 1.7%.
• In '2021', MAGN's return on assets was 0.4%, representing returns generated from total assets. The decline from '2020' may indicate some operational or financial challenges. Industry average for Paper in '2021' stood at 4.9%. Industry average increased by 3.3% compared to previous year.
• In '2022', MAGN's return on assets was -11.0%, representing returns generated from total assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Paper in '2022' stood at 3.7%. Industry average declined by 1.2% from previous year.
• In '2023', MAGN's return on assets was -4.9%, representing returns generated from total assets. The increase since '2022' reflects strengthening financial performance. Industry average for Paper in '2023' stood at -0.2%. Industry average declined by 3.9% from previous year.
Overall, MAGN'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%.