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', MI's return on assets was -258.1%, representing returns generated from total assets. Industry average for Other Specialty Stores in '2021' stood at -20.9%.
• In '2022', MI's return on assets was -26.1%, representing returns generated from total assets. The increase since '2021' reflects strengthening financial performance. Industry average for Other Specialty Stores in '2022' stood at -25.8%. Industry average declined by 4.9% from previous year.
• In '2023', MI's return on assets was 7.4%, representing returns generated from total assets. The increase since '2022' reflects strengthening financial performance. Industry average for Other Specialty Stores in '2023' stood at -13.8%. Industry average increased by 12.0% compared to previous year.
• In '2024', MI's return on assets was 7.9%, representing returns generated from total assets. The increase since '2023' reflects strengthening financial performance. Industry average for Other Specialty Stores in '2024' stood at -11.8%. Industry average increased by 2.0% compared to previous year.
Overall, MI'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%.