Twin Vee Powercats Co.(Veee) 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 VEEE 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', VEEE's return on assets was -4.9%, representing returns generated from total assets. Industry average for Marine Transportation in '2021' stood at 1.0%.
• In '2022', VEEE's return on assets was -17.5%, representing returns generated from total assets. The decline from '2021' may indicate some operational or financial challenges. Industry average for Marine Transportation in '2022' stood at 9.6%. Industry average increased by 8.6% compared to previous year.
• In '2023', VEEE'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 Marine Transportation in '2023' stood at 8.6%. Industry average declined by 1.0% from previous year.
• In '2024', VEEE's return on assets was -33.6%, representing returns generated from total assets. The decline from '2023' may indicate some operational or financial challenges. Industry average for Marine Transportation in '2024' stood at 4.4%. Industry average declined by 4.1% from previous year.
Overall, VEEE'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%.