What is Vontier's ROA in the fourth quarter of 2023?
Vontier Corporation achieved a return on average assets (ROA) of
9.56 % in its fourth quarter of 2023, this is above VNT's average return on assets of 6.99%.
Vontier Corporations assets during the 12 months ending in the fourth quarter of 2023 are valued at $3 billion
ROA has improved compared to 6.17% in the third quarter of 2023, due to net income growth.
However, within the
Capital Goods sector 71 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
527, from total ROA ranking in the third quarter of 2023 at
1056.
What is ROA?