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', TOON's return on assets was -72.5%, representing returns generated from total assets. Industry average for Movies/Entertainment in '2021' stood at -13.7%.
• In '2022', TOON's return on assets was -22.0%, representing returns generated from total assets. The increase since '2021' reflects strengthening financial performance. Industry average for Movies/Entertainment in '2022' stood at -12.4%. Industry average increased by 1.3% compared to previous year.
• In '2023', TOON's return on assets was -43.9%, representing returns generated from total assets. The decline from '2022' may indicate some operational or financial challenges. Industry average for Movies/Entertainment in '2023' stood at -26.4%. Industry average declined by 13.9% from previous year.
• In '2024', TOON's return on assets was -21.1%, representing returns generated from total assets. The increase since '2023' reflects strengthening financial performance. Industry average for Movies/Entertainment in '2024' stood at -32.4%. Industry average declined by 6.0% from previous year.
Overall, TOON'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%.