ROA-G Return on T-G (%)
ROA-G = Profit/Total Assets - Intangible Assets
ROA-G abbreviates 'Return on Tangible Assets' and means return on total assets minus intangible assets.
The key figure shows the company's profitability on total assets - its intangible assets.
The advantage of ROA-G is that it takes into account the company's indebtedness and provides fairer profitability measures, while also taking e.g. intangible assets into account.
Things to keep in mind
- A high value is positive.