What is Tootsie Roll Industries Inc's ROA in the fourth quarter of 2023?
Tootsie Roll Industries inc achieved a return on average assets (ROA) of
7.06 % in its fourth quarter of 2023, this is above TR's average return on assets of 6.93%.
Tootsie Roll Industries Inc assets over the 12 months ending in its fourth quarter of 2023 are valued at $1,302 million
Despite the company's net income deteriorating, Tootsie Roll Industries Inc was able to improve its ROA compared to the third quarter of 2023.
However, within the
Consumer Non Cyclical sector 29 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to
536, from total ROA ranking in the third quarter of 2023 at
724.
What is ROA?