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', SLNO's return on assets was -86.9%, representing returns generated from total assets. Industry average for Biotechnology: Electromedical & Electrotherapeutic Apparatus in '2021' stood at -85.3%.
• In '2022', SLNO's return on assets was -77.6%, representing returns generated from total assets. The increase since '2021' reflects strengthening financial performance. Industry average for Biotechnology: Electromedical & Electrotherapeutic Apparatus in '2022' stood at -44.8%. Industry average increased by 40.5% compared to previous year.
• In '2023', SLNO's return on assets was -37.6%, representing returns generated from total assets. The increase since '2022' reflects strengthening financial performance. Industry average for Biotechnology: Electromedical & Electrotherapeutic Apparatus in '2023' stood at -61.6%. Industry average declined by 16.8% from previous year.
• In '2024', SLNO's return on assets was -68.7%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Biotechnology: Electromedical & Electrotherapeutic Apparatus in '2024' stood at -77.3%. Industry average declined by 15.6% from previous year.
Overall, SLNO'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%.