Blackrock Muniholdings New York Quality Fund(Mhn) 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 MHN 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 '2020', MHN's return on assets was 0.7%, representing returns generated from total assets. Industry average for Investment Bankers/Brokers/Service in '2020' stood at 5.8%.
• In '2021', MHN's return on assets was 3.7%, representing returns generated from total assets. The increase since '2020' reflects strengthening financial performance. Industry average for Investment Bankers/Brokers/Service in '2021' stood at 5.8%. Industry average declined by 0.0% from previous year.
• In '2023', MHN's return on assets was -0.3%, representing returns generated from total assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Investment Bankers/Brokers/Service in '2023' stood at 3.4%. Industry average declined by 2.4% from previous year.
• In '2024', MHN's return on assets was 2.1%, representing returns generated from total assets. The increase since '2023' reflects strengthening financial performance. Industry average for Investment Bankers/Brokers/Service in '2024' stood at 1.6%. Industry average declined by 1.8% from previous year.
Overall, MHN's return on assets has been volatile but generally stable over the past 4 years.

Formula: ROA = Net Income / Total Assets

Good Range: Commonly 5%-15%.