What is Tandy Leather Factory Inc's ROA in the fourth quarter of 2023?
Tandy Leather Factory Inc achieved a return on average assets (ROA) of
6.13 % in its fourth quarter of 2023, this is above TLF's average return on assets of 3.51%.
Tandy Leather Factory Inc assets over the 12 months ending in its fourth quarter of 2023 are valued at $61 million
ROA has improved compared to 3.79% in the third quarter of 2023, due to net income growth.
However, within the
Consumer Discretionary sector 51 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
860, from total ROA ranking in the third quarter of 2023 at
1525.
What is ROA?