New England Realty Associates Partnership Depositary Receipts Evidencing Of Partnership(Nen) 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 NEN 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 '2021', NEN's return on assets was -0.8%, representing returns generated from total assets. Industry average for Building operators in '2021' stood at 1.6%.
• In '2022', NEN's return on assets was 1.0%, representing returns generated from total assets. The increase since '2021' reflects strengthening financial performance. Industry average for Building operators in '2022' stood at -0.4%. Industry average declined by 2.0% from previous year.
• In '2023', NEN's return on assets was 2.2%, representing returns generated from total assets. The increase since '2022' reflects strengthening financial performance. Industry average for Building operators in '2023' stood at -0.9%. Industry average declined by 0.4% from previous year.
• In '2024', NEN's return on assets was 4.0%, representing returns generated from total assets. The increase since '2023' reflects strengthening financial performance. Industry average for Building operators in '2024' stood at -1.4%. Industry average declined by 0.5% from previous year.
Overall, NEN'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%.