Medical Information Technology Inc 's ROA from the third quarter of 2020 to the third quarter of 2019 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics

What is Medical Information Technology Inc 's ROA in the third quarter of 2020?
Medical Information Technology Inc achieved a return on average assets (ROA) of 11.22 % in its third quarter of 2020, which is below Medical Information Technology Inc 's average return on assets, which stands at 14.1%.

ROA decreased relative to the period ending Jun 30 2020, due to the decline in net income.

However, within the Technology sector 71 other companies had a higher return on assets. While return on assets, the total ranking has deteriorated compared to the second quarter of 2020 from 198 to 433.

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Return On Assets	(Sep 30 2020) III. Quarter	(Jun 30 2020) II. Quarter	(Mar 31 2020) I. Quarter	(Dec 31 2019) IV. Quarter	(Sep 30 2019) III. Quarter
Y / Y Total Assets Change	-4.59 %	8.72 %	5.47 %	13.5 %	15.94 %
Y / Y Net Income Change	-66.27 %	-9.04 %	-	77.67 %	276.33 %
Net Income (TTM) in million	72	132	135	171	156
Return On Assets (TTM)	11.22 %	20.37 %	21.3 %	27.27 %	25.72 %
MITII's Total Ranking	# 433	# 198	# 183	# 161	# 168
Total Assets (TTM) in million	655	635	601	669	687
Seq. Total Assets Change	3.23 %	5.67 %	-10.29 %	-2.5 %	17.63 %
Seq. Net Income Change	-6.86 %	-	-	-62.5 %	151.18 %

MITII's 5 Years Annual ROA >> Back to MITII Management Effectiveness >> Compare MITII ROA to its Competitors

Return On Assets Company Ranking
Within:	No.
Industry	# 21
Sector	# 72
Overall	# 421

Return On Assets Statistics
High	Average	Low
27.27 %	14.1 %	2.18 %
(Dec 31 2019)		(Sep 30 2015)

Financial Statements
Medical Information Technology Inc 's Assets	$ 655 million	MITII's Balance sheet
Medical Information Technology Inc 's Income	$ 31 million	Quarterly MITII's Income Statement
MITII's Income by Division		See MITII's Income by Division

Annual Return On Assets	(Dec 31 2019) FY 2019	(Dec 31 2018) FY 2018	(Dec 31 2017) FY 2017	(Dec 31 2016) FY 2016	(Dec 31 2015) FY 2015
Y / Y Total Assets Change	17.56 %	-8.04 %	-2.38 %	-2.35 %	-
Total Assets in million	669	569	619	634	650
Y / Y Net Income Change	220.53 %	-27.41 %	6.23 %	4.03 %	-
Net Income in million	180	56	77	73	70
Annual Return On Assets	26.91 %	9.87 %	12.5 %	11.49 %	10.79 %

MITII's 5 Years Annual ROA >> Back to MITII Management Effectiveness >> Compare MITII ROA to its Competitors

Comment on MITII's ROA in the fiscal year ending 2019

In the fiscal year 2019 ROA improved to 26.91 % compared to prior year, due to annual net income growth of 220.53 % to $180.16 million, while value of Medical Information Technology Inc 's overall assets grew just by 17.56 % to $669.48 million, compared to $669.48 a year before.

More Return On Assets Ratios
MITII's' Return on Assets at Yahoo Finance
Software & Programming Industry Return On Assets Trends and Statistics
Technology Sector Roa Statistics
Roa Trends for overall market
MITII's Roa Ratio versus Software & Programming Industry, Technology Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Subscribers only: Roa for MITII's Competitors
Subscribers only: Roa for Medical Information Technology Inc 's Suppliers
Subscribers only: Return On Assets for MITII's Customers

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Companies with similar Return On Assets at Sep 30 2020, within Technology Sector	ROA
Turtle Beach Corporation	30.10 %
Cadence Design Systems Inc	28.21 %
Texas Instruments Incorporated	28.06 %
Logitech International s a	26.56 %
Franklin Wireless Corp	24.43 %
Power Integrations Inc	24.06 %
Teradyne Inc	23.20 %
Intuit Inc	22.41 %
Schmitt Industries Inc	22.30 %
Manhattan Associates Inc	22.00 %
Hopto Inc	20.85 %
Genasys Inc	20.19 %
Match Group Inc	20.07 %
Factset Research Systems Inc	19.57 %
Powerfleet Inc	19.57 %
Corecard Corporation	19.18 %
Maxim Integrated Products Inc	18.92 %
Zoom Communications Inc	18.82 %
Aspen Technology inc	18.57 %
Enphase Energy Inc	18.53 %
Meta Platforms Inc	18.12 %
Adobe Inc	17.96 %
Apple Inc	17.66 %
Nvidia Corp	17.27 %
Applied Materials Inc	17.16 %
Arista Networks inc	16.73 %
Marvell Technology Inc	16.21 %
Microsoft Corporation	16.18 %
Skyworks Solutions Inc	16.09 %
Cargurus Inc	15.72 %

Date modified: -0001-11-30T00:00:00+00:00

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