What is Lowes Companies Inc's ROA in the fourth quarter of 2023?
Lowes Companies Inc achieved a return on average assets (ROA) of
19.4 % in its fourth quarter of 2023, this is above LOW's average return on assets of 9.34%.
Lowes Companies Incs assets during the 12 months ending in the fourth quarter of 2023 are valued at $39 billion
Despite the company's net income deteriorating, Lowes Companies Inc was able to improve its ROA compared to the third quarter of 2023.
However, within the
Retail sector 4 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Feb 02 2024 quarter, so far to
163, from total ROA ranking in the third quarter of 2023 at
257.
What is ROA?