What is Mgic Investment's ROA in the fourth quarter of 2023?
Mgic Investment Corp achieved a return on average assets (ROA) of
11.94 % in its fourth quarter of 2023, this is above MTG's average return on assets of 1.97%.
Mgic Investment Corps assets during the 12 months ending in the fourth quarter of 2023 are valued at $5 billion
ROA fell compared to the third quarter of 2023, despite the net income growth of 0.91% from the third quarter of 2023.
However, within the
Financial sector 22 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
361, from total ROA ranking in the third quarter of 2023 at
492.
What is ROA?