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', MIDD's return on assets was 7.6%, representing returns generated from total assets. Industry average for Industrial Machinery/Components in '2021' stood at -15.0%.
• In '2022', MIDD's return on assets was 6.6%, representing returns generated from total assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Industrial Machinery/Components in '2022' stood at -9.7%. Industry average increased by 5.3% compared to previous year.
• In '2023', MIDD's return on assets was 5.8%, representing returns generated from total assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Industrial Machinery/Components in '2023' stood at -19.4%. Industry average declined by 9.7% from previous year.
• In '2024', MIDD's return on assets was 6.0%, representing returns generated from total assets. The increase since '2023' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2024' stood at -26.3%. Industry average declined by 6.9% from previous year.
Overall, MIDD's return on assets has remained generally stable over the past 4 years.

Formula: ROA = Net Income / Total Assets

Good Range: Commonly 5%-15%.