What is Calpine's ROA in the second quarter of 2020?
Calpine Corp achieved a return on average assets (ROA) of
3.9 % in its second quarter of 2020, this is above CPN's average return on assets of 1.45%.
Calpine Corps assets during the 12 months ending in the second quarter of 2020 are valued at $16 billion
ROA fell compared to the first quarter of 2020, despite the net income growth of 25.38% from the first quarter of 2020.
However, within the
Utilities sector 26 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Jun 30 2020 quarter, so far to
1098, from total ROA ranking in the first quarter of 2020 at
1103.
What is ROA?