Compare The Industrys Return On Assets To Theirs
Summary: The Home Improvement Industry in the Retail sector obtained the highest return on assets (ROA). The ROA ranking has improved from total to 1. The ROA is a financial ratio that shows the percentage of profit earned in relation to the company's total assets. A report presents ROA by sector and industry of firms in the U.S. Formula for calculating ROA is net income divided by total assets. The market research on Home Improvement Centers measures the company's efficiency in leveraging its assets. View NYSE:HD's Return on Assets trends, charts, and more to analyze the performance. During the pandemic period of 2020-2021, there was an increase in consumer spending on home improvement projects, leading to a growth in the Home Improvement Industry.
The Home Improvement Industry has exhibited strong returns on assets (ROA) compared to other sectors within the retail industry. Leveraging their assets efficiently, companies within this industry have managed to generate a discernible percentage of profit concerning their total assets.
For more specific data regarding Kingfisher PLC's ROA and a comparative analysis with the industry, additional financial statements and performance indicators would need to be accessed. If you have further inquiries or need additional details, please feel free to let me know!
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