Saba Capital Income & Opportunities Fund Ii Shares Of Beneficial(Saba) 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 SABA 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 '2020', SABA's return on assets was -6.7%, representing returns generated from total assets. Industry average for nan in '2020' stood at -6.7%.
• In '2021', SABA's return on assets was -5.4%, representing returns generated from total assets. The increase since '2020' reflects strengthening financial performance. Industry average for nan in '2021' stood at -18.4%. Industry average declined by 11.8% from previous year.
• In '2022', SABA's return on assets was -7.4%, representing returns generated from total assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for nan in '2022' stood at -64.7%. Industry average declined by 46.3% from previous year.
• In '2024', SABA's return on assets was 10.3%, representing returns generated from total assets. The increase since '2022' reflects strengthening financial performance. Industry average for nan in '2024' stood at -15.5%. Industry average increased by 49.2% compared to previous year.
Overall, SABA'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%.