What is Arts Way Manufacturing Co Inc's ROA in the fourth quarter of 2023?
Arts Way Manufacturing Co Inc achieved a return on average assets (ROA) of
1.06 % in its fourth quarter of 2023, this is above ARTW's average return on assets of -3.64%.
Arts Way Manufacturing Co Inc assets over the 12 months ending in its fourth quarter of 2023 are valued at $25 million
ROA decreased relative to the period ending Aug 31 2023, due to the decline in net income.
However, within the
Capital Goods sector 148 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Nov 30 2023 quarter, so far to
1495, from total ROA ranking in the third quarter of 2023 at
1672.
What is ROA?