Mind Technology (De)(Mind) 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 MIND 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 '2022', MIND's return on assets was -35.9%, representing returns generated from total assets. Industry average for Industrial Machinery/Components in '2022' stood at -9.7%.
• In '2023', MIND's return on assets was -23.6%, representing returns generated from total assets. The increase since '2022' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2023' stood at -19.4%. Industry average declined by 9.7% from previous year.
• In '2024', MIND's return on assets was 0.8%, 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.
• In '2025', MIND's return on assets was 14.4%, representing returns generated from total assets. The increase since '2024' reflects strengthening financial performance. Industry average for Industrial Machinery/Components in '2025' stood at 7.6%. Industry average increased by 34.0% compared to previous year.
Overall, MIND'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%.