The ROA stands for Return on Assets. It is metric to show how profitable a company is in relation to its total assets. An investor can see by a company’s ROA how effective is its management at using its assets to create earnings. ROA per industry can vary a lot, therefore it is wise to compare the ROA to a similar company in the same industry. The figure essentially show how well the company converts its investment money into net income. Three companies that right now indicate signs of strong ROA are Michael Kors Holdings Ltd (NYSE:KORS), Goodyear Tire & Rubber Co (NASDAQ:GT), and Nike Inc (NYSE:NKE).
Michael Kors Holdings Ltd (NYSE:KORS) has maintained a return on assets over the past 12 months that is at 34.57%, which is higher than the industry average (8.00%). The average for the sector is at 7.51; that data is from Reuters. The stock is down -1.87%, getting to $43.61. It was wavering between $43.57 and $44.44. The share volume over the last session of trading was 3.79 million shares. Over the past 52 weeks, the range for the stock was between $38.16 and $83.38. As for total market capitalization, it stayed at $8.60 billion.
Goodyear Tire & Rubber Co (NASDAQ:GT) has created 16.08% over the last 12 months using company assets. That percentage is higher than the industry average at 3.32%, with the sector’s best figure at 7.51%. The stock closed at $31.88; it was up +1.59%. The volume over the last session of trade was 3.03 million shares. Over the past 52 weeks, the stock went between the prices of $18.87 and $32.74. Regarding the total market capitalization, it stayed at $8.45 billion.
Nike Inc (NYSE:NKE) has kept a return on assets that is 16.29%, as shown over the past 12 months. That percentage is higher than the Reuters data for the industry average, which is 3.49%. The best figure for the sector is 7.51%. During the last trading session, the stock opened at $113.27 and later closed at $113.64; it scored +0.51%. The volume of shares traded during that same period was 2.95 million, with was above its average volume of 2.88 million shares.