What is Granite Construction Incorporated's ROA in the fourth quarter of 2023?
Granite Construction Incorporated achieved a return on average assets (ROA) of
1.2 % in its fourth quarter of 2023, this is above GVA's average return on assets of 0.86%.
Granite Construction Incorporateds assets during the 12 months ending in the fourth quarter of 2023 are valued at $2 billion
Despite the company's net income deteriorating, Granite Construction Incorporated was able to improve its ROA compared to the third quarter of 2023.
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 Dec 31 2023 quarter, so far to
1519, from total ROA ranking in the third quarter of 2023 at
2446.
What is ROA?