Return on assets

$$\frac{\text{Net income}}{\text{Avg total assets}}$$

How effectively the company converts its asset base into net income. Sensitive to leverage — high ROA + low leverage signals genuine operational quality.

Direction: Higher better Category: returns

Inputs (XBRL fallback chains):

• assets: Assets
• net_income: NetIncomeLoss -> ProfitLoss

Returns None when: Returns None when Net income or any of the assets endpoints needed for averaging is missing.

Source code

Implementation: roa in src/eqtytrk/metrics/ratios.py (or valuation.py for multiples).