What is Nobility Homes Inc 's ROA in the third quarter of 2023?
Nobility Homes Inc achieved a return on average assets (ROA) of
17.38 % in its third quarter of 2023, this is above NOBH's average return on assets of 8.84%.
Nobility Homes Inc assets over the 12 months ending in its third quarter of 2023 are valued at $65 million
Despite the company's net income deteriorating, Nobility Homes Inc was able to improve its ROA compared to the second quarter of 2023.
However, within the
Capital Goods sector 17 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Aug 05 2023 quarter, so far to
270, from total ROA ranking in the second quarter of 2023 at
335.
What is ROA?