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', RIME's return on assets was 1.0%, representing returns generated from total assets. Industry average for Diversified Electronic Products in '2022' stood at 1.0%.
• In '2023', RIME's return on assets was -18.4%, representing returns generated from total assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Diversified Electronic Products in '2023' stood at -18.4%. Industry average declined by 19.4% from previous year.
• In '2023', RIME's return on assets was -18.4%, representing returns generated from total assets. The figure remained stable compared to '2023'. Industry average for Diversified Electronic Products in '2023' stood at -18.4%. Industry average remained unchanged from prior year.
• In '2024', RIME's return on assets was -101.1%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Diversified Electronic Products in '2024' stood at -101.1%. Industry average declined by 82.7% from previous year.
Overall, RIME's return on assets has been volatile but showed a downward trend over the past 4 years.

Formula: ROA = Net Income / Total Assets

Good Range: Commonly 5%-15%.