Understanding Return on Assets (ROA)
A tiny 0.03% difference in Return on Assets (ROA) can greatly affect a company’s finances. The First of Long Island Corporation’s ROA was 0.44% for nine months ending September 30, 2024. Their adjusted ROA was 0.47%1. This small gap shows how crucial ROA is for assessing a company’s success. ROA is a key ratio measuring how well a company uses its assets to make money. It’s a vital tool for analyzing financial performance. ROA shows how efficiently a company manages… Read More »Understanding Return on Assets (ROA)