One indication of how profitable a company’s assets are at turning a profit is the Return on Assets figure or ROA. It is given in comparison to returns of a similar company to show values or in relation to the company’s previous values. If the assets show a low return, in relation to the industry average, that means the company’s assets are inefficiently used. ROA is typically shown as a percentage. Three stocks that currently show a high return on assets are Lululemon Athletica Inc. (NASDAQ:LULU), Linear Technology Corporation (NASDAQ:LLTC), and Micron Technology, Inc. (NASDAQ:MU).
Lululemon Athletica Inc. (NASDAQ:LULU) has kept a return on assets for the last 12 months of 20.38%, which is higher than what Reuters data shows to be the industry average. The industry average ratio is 12.30%, with the sector average being at 7.56%. The stock went down -2.22% to be at $63.02, with it wavering between $61.38 and $64.12.
As for Linear Technology Corporation (NASDAQ:LLTC), it has maintained a return of assets that is 29.44% over the past 12 fiscal months. That number is in relation to industry average of 1.51%, with the sector’s best figure at 8.99%. The stock during its last trading session closed at $41.65, as compared to when it opened at $41.20; it lost -0.24% that day. There were 2.56 million shares traded over that one session, which was under the average shares volume of 3.02 million.
The third stock for analysis is Micron Technology, Inc. (NASDAQ:MU). It has been able to keep an ROA of 13.41%. That number is quite different than the industry average, as per the Reuters data, of 1.51%, with sector’s best figure being 8.99%. The stock went up by +1.73% over the last trading session, with its closing price being $18.19. The number of shares traded over that same session was 2.48 million. Looking back over 52 weeks, the range was between $17.14 and $36.59. As for the total market capitalization, that has stayed at $19.37 billion.