What is Escalon Medical 's ROA in the second quarter of 2024?
Escalon Medical Corp achieved a return on average assets (ROA) of
10.47 % in its second quarter of 2024, this is above ESMC's average return on assets of -8.01%.
Escalon Medical Corp assets over the 12 months ending in its second quarter of 2024 are valued at $5 million
Despite the company's net income deteriorating, Escalon Medical was able to improve its ROA compared to the first quarter of 2024.
However, within the
Healthcare sector 45 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
450, from total ROA ranking in the first quarter of 2024 at
1193.
What is ROA?