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03-31-2022 10:36 AM - edited 03-31-2022 10:39 AM
Efficiency Measure: An indicator of how profitable a company is relative to its total assets. It gives an idea as to how efficient management is at using its assets to generate earnings. Formula: ROA = Net Income / Average Total Assets
'Calculate Return on Assets
'Formula: ROA = Net Income / Average Total Assets
Return api.Data.GetDataCell("Divide(A#[YourNetIncomeAccount], A#[YourTotalAssetsAccount]:V#YearAvgToDate)")
Source: Snippet Editor: Finance - Common Accounts - Efficiency Measures
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