Canadian Stocks with Highest Return on Assets (ROA)

Return on Assets shows how efficiently a company uses all its assets to generate profit. Unlike ROE, ROA includes debt-financed assets, providing a fuller picture of operational efficiency.

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Frequently Asked Questions

Which Canadian company has the highest ROA?

Terreno Resources Corp (TNO-H:V) currently has the highest Return on Assets among Canadian stocks at 1161.4%, indicating exceptional efficiency in using its assets to generate profits.

What is considered a good ROA?

A good ROA depends heavily on the industry. Asset-light businesses like software companies can have ROA above 15-20%, while asset-heavy industries like banking or manufacturing might consider 5% good. Generally, ROA above 5% is decent, above 10% is good, and above 15% is excellent.

How is ROA calculated?

ROA is calculated as: Net Income / Total Assets. For example, a company with $30 million in net income and $300 million in total assets has an ROA of 10%. This metric shows how many dollars of profit are generated for each dollar of assets the company owns or controls.

Which industries typically have high ROA?

Technology and software companies often have the highest ROA because they don't require massive physical assets. Consulting firms, advertising agencies, and other service businesses also tend to have high ROA. Banks, utilities, and manufacturing typically have lower ROA due to large asset bases required for operations.

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