{"id":8187,"date":"2024-09-19T06:02:43","date_gmt":"2024-09-19T06:02:43","guid":{"rendered":"https:\/\/www.hashmicro.com\/ph\/blog\/?p=8187"},"modified":"2025-06-11T06:19:33","modified_gmt":"2025-06-11T06:19:33","slug":"return-on-asset-core-indicator-on-your-company-efficiency","status":"publish","type":"post","link":"https:\/\/www.hashmicro.com\/ph\/blog\/return-on-asset-core-indicator-on-your-company-efficiency\/","title":{"rendered":"Return on Asset: Core Indicator on Your Company Efficiency"},"content":{"rendered":"<p>When running a business, you need to balance between achieving sales goals and earning profits. Financial ratios, such as Return on Assets (RoA), act as a report card, showing how efficiently a company uses its resources to boost productivity and profits.<\/p>\r\n<p>RoA is a profitability ratio that indicates how well a company turns its assets into profits, offering insights into potential future performance based on past income.<\/p>\r\n<p>This metric is essential for evaluating overall business efficiency, particularly in terms of returns on investment. By understanding RoA, companies can gain a clear picture of their operational effectiveness and make informed investment decisions.<\/p>\r\n<p>Modern asset management software can streamline this process by managing assets and <a href=\"https:\/\/www.hashmicro.com\/ph\/blog\/calculate-return-on-investment\/\">calculating ROI<\/a>, aiding in more efficient asset utilization.<\/p>\r\n<p><span data-sheets-root=\"1\"><a href=\"https:\/\/www.hashmicro.com\/ph\/free-product-tour\/?medium=free-product-tour\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/10\/bir-demo-gratis.webp\" data-desktop-src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/10\/bir-demo-gratis.webp\" data-mobile-src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/10\/mobile-bir-demo-gratis.webp\" alt=\"FreeDemo\" class=\"responsive-image-banner\" width=\"620\" height=\"255\"><\/a>\r\n\r\n<script>\r\n    \/\/ check which image to use based on screensize\r\n    document.addEventListener(\"DOMContentLoaded\", function() {\r\n        function updateImageSource() {\r\n            var images = document.querySelectorAll('.responsive-image-banner');\r\n            var screenWidth = window.innerWidth;\r\n\r\n            images.forEach(function(img) {\r\n                var mobileSrc = img.getAttribute('data-mobile-src');\r\n                var desktopSrc = img.getAttribute('data-desktop-src');\r\n\r\n                if (screenWidth < 576 && mobileSrc) {\r\n                    img.setAttribute('src', mobileSrc);\r\n                } else {\r\n                    img.setAttribute('src', desktopSrc);\r\n                }\r\n            });\r\n        }\r\n\r\n        \/\/ Initial check\r\n        updateImageSource();\r\n\r\n        \/\/ Update on resize\r\n        window.addEventListener('resize', updateImageSource);\r\n    });\r\n<\/script><\/span><\/p>\r\n<table style=\"border-collapse: coacllapse;background-color: #fffacd;border-radius: 25px 25px 25px 25px\" width=\"100%\">\r\n<tbody>\r\n<tr>\r\n<td style=\"padding: 15px;border: none\">\r\n<h3 style=\"margin-bottom: 10px\"><span style=\"background-color: #990000;color: #ffffff;padding: 5px\"><b>Key Takeaways<\/b><\/span><\/h3>\r\n<ul>\r\n<li style=\"font-weight: 400\"><strong>RoA Significance:<\/strong> Return on Assets (RoA) is a key profitability ratio that measures how effectively a company uses its assets to generate profit, indicating operational efficiency.<\/li>\r\n<li><strong>Industry Context:<\/strong> RoA values should be compared within the same industry due to varying asset requirements. Different sectors have distinct operating models, which affect their RoA.<\/li>\r\n<li>\r\n<p><strong>Improving RoA:\u00a0<\/strong>Companies can enhance RoA by optimizing asset utilization and leveraging technology like asset management software to streamline processes and reduce downtime.<\/p>\r\n<\/li>\r\n<li>\r\n<p><a href=\"#limitation\"><strong>Limitations of RoA:\u00a0<\/strong><\/a>While RoA is valuable, it has limitations, such as being unsuitable for cross-industry comparisons. It should be used alongside other financial ratios for a comprehensive analysis.\u00a0<\/p>\r\n<\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<div id=\"toc_group_article\" style=''>\r\n\t<p style='font-size:25px;font-weight:bold; margin-bottom:0px'>\r\n\t\tTable of Contents\r\n\t<\/p>\r\n\t<ul id=\"list_toc\" class='list_toc'><\/ul>\r\n<\/div>\r\n\r\n<div id=\"placeholder-toc\"><\/div>\r\n<div id=\"toc\">\r\n    <div class=\"header\">\r\n\t<span class=\"toc-title\" id=\"toc-title\">Content Lists<\/span>\t\r\n\t <i class=\"toc-icon\">\r\n        <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"30\" height=\"30\" viewBox=\"0 0 24 24\" fill=\"none\" stroke=\"#000\" stroke-width=\"2\" stroke-linecap=\"round\" stroke-linejoin=\"round\" class=\"header-icon\">\r\n          <path d=\"m6 9 6 6 6-6\" \/>\r\n        <\/svg>\r\n      <\/i>\r\n\t<\/div>\r\n    <div class=\"list\">\r\n      <ul id=\"toc-list\"><\/ul>\r\n    <\/div>\r\n <\/div>\r\n\r\n<style>\r\n\/* Simple styling for the TOC *\/\r\n\t\r\n\t#toc ul li:last-child {\r\n    padding-bottom: 16px; \/* Adjust the value as needed *\/\r\n}\r\n\r\n.td-fix-index {\r\n\t transform: unset !important;\r\n     -webkit-transform: unset !important; \r\n}\r\n.footer-contact .td-fix-index {\r\n\t transform: translateZ(0) !important;\r\n     -webkit-transform: translateZ(0) !important; \r\n}\r\n\t.tdb_single_content .tdb-block-inner.td-fix-index{\r\n\t\tposition: static;\r\n\t}\r\n\t\r\n\r\n\t\r\n#toc {\r\n  background-color: #FFF;\r\n\tpadding: 17px 24px 20px 24px !important;\r\n  margin-bottom: 20px;\r\n\/*   border: 1px solid #9C171E; *\/\r\n  border-radius: 6px;\r\n\tdisplay: none;\r\n  max-width: 100%;\r\n  transition: .4s ease height;\r\n\tmargin-left: 0;\r\n\toverflow: hidden;\r\n}\r\n\r\n#toc .header{\r\n  display: flex;\r\n  align-items: center;\r\n  justify-content: space-between;\r\n\tbackground-color: transparent;\r\n}\r\n\t\r\n\t#toc.sticky .header{\r\n\t\tpadding: 4px 0;\r\n\t}\r\n\t\r\n.header p{\r\n  font-size: 18px !important;\r\n  font-weight: 600 !important;\r\n  color: #393939;\r\n   margin-bottom: 0;\r\n  \/* margin-top: 20px; *\/\r\n}\r\n\r\n.toc-icon{\r\n  float: right;\r\n\/*   visibility: hidden; *\/\r\n}\r\n\r\n\t.toc-title{\r\n\t\tmargin-right: auto;\r\n\/* \t\tpadding-left: 20px; *\/\r\n\t\tfont-weight: 600;\r\n\t\talign-self: center;\t}\t\r\n\r\n#toc ul {\r\n  list-style-type: none;\r\n  padding-left: 0;\r\n  padding-top: 20px;\r\n  margin-top: 0px;\r\n}\r\n\t\r\n#toc.sticky ul{\r\n\toverflow-y: auto;\r\n\tmax-height: 250px;\r\n\tmargin-top: 0px;\r\n\tpadding-top: 20px;\r\n\/* \tborder-top: 1px solid #d3d3d3; *\/\r\n}\r\n\t\r\n#toc ul li {\r\n\/*   margin-bottom: 10px; *\/\r\n  margin-bottom: 10px;\r\n\tmargin-left: 0;\r\n\ttransition: .2s ease;\r\n\tcursor: pointer;\r\n}\r\n\t\r\n\t#toc.sticky ul li {\r\n\t  margin-right: 10px;\r\n\t}\r\n\t\r\n.td-post-content #toc-list li a:hover, .td-post-content #toc-list a.active{\r\n\tbackground-color: #FFF;\r\n\/* \tpadding: 8px 16px 8px 16px; *\/\r\n\tpadding: 4px 16px 4px 16px;\r\n\tborder-radius: 6px;\r\n\tcolor: #9c171e !important;\r\n\tfont-weight: 600 !important;\r\n}\r\n\t\r\n\t.td-post-content #toc-list li:hover a, .td-post-content #toc-list a.active{\r\n\t\tcolor: #9C171E !important;\r\n\t\tfont-weight: 600 !important;\r\n\t}\r\n\t\r\n.td-post-content #toc-list a.active{\r\n\tfont-weight: bold !important;\r\n\tcolor: #9C171E !important;\r\n}\r\n\t\r\n#toc a, .td-post-content #toc-list a {\r\n  text-decoration: none;\r\n  color: #ea1717 !important;\r\n  transition: .2s ease;\r\n\tfont-weight: 400 !important;\r\n\tdisplay: block;\r\n\t\r\n\tpadding: 4px 16px 4px 0;\r\n}\r\n\r\n#toc.sticky {\r\n  position: fixed;\r\n\/*   top: 73px; *\/\r\n\tbottom: 0;\r\n  z-index: 100; \r\n  box-shadow: 0 2px 5px rgba(0,0,0,0.1); \r\n\twidth: 100%; \r\n\tbackground-color: #FFF;\r\n\/* \tbackground-color: #FFF1F1; *\/\r\n\tborder-bottom: 1px solid #ea1717;\r\n\/*   border: 1px solid #393939; *\/\r\n  box-shadow: 0px 0px 14px 0px #00000040;\r\n  cursor: pointer;\r\n\tanimation: fadein .3s ease;\r\n\tpadding: 12px 16px !important;\r\n}\r\n\t\r\n\t.fadein{\r\n\t\tanimation: fadein .3s ease;\r\n\t}\r\n\t\r\n\t.fadeout{\r\n\t\tanimation: fadeout .3s ease;\r\n\t}\r\n\t\r\n\t\r\n\t@keyframes fadein{\r\n\t\t0% {\r\n\t\t\topacity: 0;\r\n\t\t}\r\n\t\t100%{\r\n\t\t\topacity: 1;\r\n\t\t}\r\n\t}\r\n\t\r\n\t@keyframes fadeout{\r\n\t\t0% {\r\n\t\t\topacity: 1;\r\n\t\t}\r\n\t\t100%{\r\n\t\t\topacity: 0;\r\n\t\t}\r\n\t}\r\n\r\n\t\r\n#toc.sticky .header p{\r\n\tmargin-bottom: 10px;\r\n\tmargin-top: 10px;\r\n}\r\n\r\n#toc.sticky .toc-icon{\r\n  visibility: visible;\r\n\/* \ttransition: 0.4s ease; *\/\r\n}\r\n\t\r\n\t.toc-icon{\r\n\t\talign-items: center;\r\n    \tdisplay: flex;\r\n\t}\r\n\t\r\n\tsvg.header-icon{\r\n\/* \t\tbackground-color: #9c171e; 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\/\/ Declare activeLink outside the loop\r\n\t\r\n  \/\/ Function to handle scroll and add\/remove .sticky class\r\n  function handleScroll() {\r\n    const windowTop = window.pageYOffset || document.documentElement.scrollTop;\r\n    let currentHeader = '';\r\n\r\n    \/\/ Highlight user progress as the heading comes\r\n    headers.forEach(header => {\r\n\t\tconst headerTop = header.offsetTop;\r\n\t\tconst headerHeight = header.clientHeight;\r\n\t\tif(window.innerWidth < 767){\r\n\t\t\ttocTitle.textContent = 'Table of Contents'; \/\/ Selalu pertahankan judul ini di mobile\r\n\t\t} else {\r\n\t\t\tif (window.scrollY >= (headerTop - headerHeight + 700)) {\r\n\t\t\t\tconst currentHeaderId = header.getAttribute('id');\r\n\t\t\t\tconst currentHeaderText = document.getElementById(currentHeaderId).textContent;\r\n\t\t\t\ttocTitle.textContent = currentHeaderText;\r\n\t\t\t\tcurrentHeader = currentHeaderId;\r\n\t\t\t}\r\n\t\t}\r\n\t});\r\n\r\n    navLinks.forEach(link => {\r\n      link.classList.remove('active');\r\n      if(currentHeader != '') {\r\n\t\t  if (link.getAttribute('href').includes(currentHeader)) {\r\n\t\t\t  link.classList.add('active');\r\n\t\t  }\r\n\t  }\r\n    });\r\n\r\n    \/\/ Update TOC title if sticky\r\n    if (windowTop > triggerPoint) {\r\n      if (!toc.classList.contains('sticky')) {\r\n        phtoc.style.display = \"block\";\r\n        toc.classList.add('sticky');\r\n        toc.style.width = `${tocParent.offsetWidth}px`; \/\/ Set width to match the parent element\r\n        toc.setAttribute('style', 'width: ' + tocParent.offsetWidth + 'px !important;');\r\n        toc.style.backgroundColor = \"#FFF\";\r\n\t\tpanel2.style.height = '0px';\r\n\t\t  icon.style.transform = \"rotate(180deg)\";\r\n\t\t  if(window.innerWidth < 767){\r\n\t\t\t  tocTitle.textContent = 'Table of Contents'; \/\/ Reset title\r\n       \t\t  toc.style.width = '150px'; \/\/ Set width to match the parent element\r\n\t\t  }\r\n      }\r\n      if (currentHeader) {\r\n        tocTitle.textContent = activeLink ? activeLink.textContent : \"\"; \/\/ Update title only if activeLink exists\r\n      }\r\n    } else {\r\n      toc.classList.remove('sticky');\r\n      phtoc.style.display = \"none\";\r\n      toc.style.width = 'unset'; \/\/ Reset to original width\r\n      toc.style.backgroundColor = \"#FFF\";\r\n      tocTitle.textContent = 'Table of Contents'; \/\/ Reset title\r\n\t\tpanel2.style.height = panel2.scrollHeight + \"px\";\r\n\t\ticon.style.transform = \"rotate(180deg)\";\r\n    }\r\n  }\r\n\r\n    \/\/ Attach the scroll event listener to the window\r\n    window.addEventListener('scroll', handleScroll);\r\n\r\n    \/\/ Initial call to handleScroll to set the correct state on load\r\n    handleScroll();\r\n});\r\n\t\r\n\t\/\/ Open toggle TOC\r\n\t  document.addEventListener(\"DOMContentLoaded\", function() {\r\n\t\tvar tocHeader = document.querySelector(\"#toc .header\");\r\n\t\tvar toc = document.querySelector(\"#toc\");\r\n\t\tvar icon = document.querySelector(\".toc-icon\");\r\n\t\tconst tocTitle = document.querySelector('#toc-title');\r\n\t\tconst tocs = document.querySelector('#toc.sticky');\r\n \t\tconst tocParent = toc.parentElement;\t\t  \r\n\r\n\t\t  tocHeader.addEventListener(\"click\", function() {\r\n\t\t\tvar panel = this.nextElementSibling;\r\n\t\t\tif (panel.style.height !== '0px') { \/\/ Check if height is not 0px\r\n\t\t\t  panel.style.height = '0px'; \/\/ Set height to 0 for full collapse\r\n\t\t\t  icon.style.transform = \"rotate(180deg)\";\r\n\t\t\t\tif(window.innerWidth > 768){\r\n\t\t\t\t\tif(!toc.classList.contains('sticky')){\r\n\t\t\t\t\t\ttoc.style.width = \"unset\";\r\n\t\t\t\t\t}\r\n\t\t\t\t\tif (toc.classList.contains('sticky')){\r\n\t\t\t\t\t\ttoc.style.width = '${tocParent.offsetWidth}px';\r\n\t\t\t\t\t\ttoc.setAttribute('style', 'width: ' + tocParent.offsetWidth + 'px !important;');\r\n\t\t\t\t\t}\r\n\t\t\t\t}\r\n\t\t\t\tif(window.innerWidth < 767){\r\n\t\t\t\t\ttoc.style.width = \"unset\"; \/\/ Reset width\r\n\t\t\t\t}\r\n\t\t\t\ttoc.style.backgroundColor = \"#FFF1F1\";\r\n\t\t\t} else {\r\n\t\t\t  panel.style.height = panel.scrollHeight + \"px\";\r\n\t\t\t  icon.style.transform = \"rotate(0deg)\";\r\n\t\t\t  toc.style.backgroundColor = \"#FFF\";\r\n\t\t\t  tocTitle.textContent = 'Table of Contents'; \/\/ Reset title\r\n\t\t\t\ttoc.style.paddingBottom = '24px';\r\n\t\t\t \tif(window.innerWidth < 767){\r\n\t\t\t\t\ttoc.style.width = `${tocParent.offsetWidth}px`; \/\/ Set width to match the parent element\r\n\t\t\t\t\ttoc.setAttribute('style', 'width: ' + tocParent.offsetWidth + 'px !important;');\r\n\t\t\t\t}\r\n\t\t\t}\r\n\t\t  });\r\n\r\n\t\t  \/\/ Close TOC when a link inside it is clicked\r\n\t\t  var tocLinks = document.querySelectorAll(\"#toc .list a\");\r\n\t\t  tocLinks.forEach(function(link) {\r\n\t\t\tlink.addEventListener(\"click\", function() {\r\n\t\t\t  var panel = document.querySelector(\"#toc .list\");\r\n\t\t\t  panel.style.height = '0px'; \/\/ Set height to 0 for full collapse\r\n\t\t\t  icon.style.transform = \"rotate(180deg)\";\r\n\t\t\t  toc.style.backgroundColor = \"#FFF\";\r\n\t\t\t});\r\n\t\t  });\r\n\t\t});\r\n\t\r\n\/\/ \tmake the heading at the center of the viewport\r\n\/\/ \tdocument.addEventListener('DOMContentLoaded', function() {\r\n\/\/     \/\/ Add click event listener to all links in the TOC list\r\n\/\/     document.querySelectorAll('#toc-list a').forEach(anchor => {\r\n\/\/         anchor.addEventListener('click', function (e) {\r\n\/\/             e.preventDefault(); \/\/ Prevent the default behavior of jumping to the anchor\r\n\/\/             const targetId = this.getAttribute('href').substring(1); \/\/ Get the ID of the target element\r\n\/\/             const targetElement = document.getElementById(targetId); \/\/ Get the target element\r\n\r\n\/\/             if (targetElement) {\r\n\/\/                 const headerHeight = document.querySelector('#toc .header').offsetHeight; \/\/ Get the height of the fixed header\r\n\/\/                 const windowHeight = window.innerHeight; \/\/ Get the height of the viewport\r\n\/\/                 const targetOffset = targetElement.offsetTop; \/\/ Get the top offset of the target element\r\n\/\/                 const scrollTo = targetOffset + (windowHeight \/ 2) + (headerHeight); \/\/ Calculate the scroll position to center the target element\r\n\r\n\/\/                 \/\/ Scroll to the calculated position smoothly\r\n\/\/                 window.scrollTo({\r\n\/\/                     top: scrollTo,\r\n\/\/                     behavior: 'smooth'\r\n\/\/                 });\r\n\/\/             }\r\n\/\/         });\r\n\/\/     });\r\n\/\/ });\r\n<\/script>\r\n\r\n<script>\r\n    \/\/ Scrollspy function to highlight the active TOC item based on the scroll position\r\n  function scrollSpy(tocClass) {\r\n    const scrollPosition = window.scrollY;\r\n\r\n    \/\/ Find the active h2 and h3 headings based on their position in the corresponding TOC\r\n    let activeH2 = null;\r\n    let activeH3 = null;\r\n\r\n    const tocItems = document.querySelectorAll(`.${tocClass} li`);\r\n    tocItems.forEach(item => {\r\n      const a = item.querySelector('a');\r\n      if (!a) return;\r\n      const href = a.getAttribute('href');\r\n      const targetId = href.substring(1); \/\/ Remove the '#' from the href to get the target ID\r\n      const targetElement = document.getElementById(targetId);\r\n      if (!targetElement) return;\r\n\r\n      const targetTop = targetElement.getBoundingClientRect().top + scrollPosition;\r\n      const nextItem = item.nextElementSibling;\r\n      const nextTop = nextItem ? nextItem.getBoundingClientRect().top + scrollPosition : Infinity;\r\n\r\n      if (targetTop <= scrollPosition + 150) {\r\n        if (a.parentElement.parentElement === tocItems) {\r\n          \/\/ The h2 heading is at the root level of the TOC\r\n          activeH2 = { id: targetId, level: 'h2' };\r\n        } else {\r\n          \/\/ The h3 heading is nested under an h2 heading\r\n          const parentH2 = a.parentElement.parentElement.previousElementSibling;\r\n          if (parentH2) {\r\n            const h2Link = parentH2.querySelector('a');\r\n            if (h2Link) {\r\n              const h2Href = h2Link.getAttribute('href');\r\n              const h2Id = h2Href.substring(1);\r\n              activeH2 = { id: h2Id, level: 'h2' };\r\n            }\r\n          }\r\n          activeH3 = { id: targetId, level: 'h3' };\r\n        }\r\n      }\r\n\r\n      if (targetTop > scrollPosition + 150 && nextTop > scrollPosition + 150 && !activeH3) {\r\n        \/\/ Reset the activeH2 when there are no more active h3 headings\r\n        activeH2 = null;\r\n      }\r\n    });\r\n\r\n    \/\/ Update the active state for the TOC items\r\n    tocItems.forEach(item => {\r\n      item.classList.remove('active');\r\n      const a = item.querySelector('a');\r\n      if (a) {\r\n        const href = a.getAttribute('href');\r\n        const targetId = href.substring(1);\r\n        if ((activeH2 && activeH2.id === targetId) || (activeH3 && activeH3.id === targetId)) {\r\n          item.classList.add('active');\r\n        }\r\n      }\r\n    });\r\n  }\r\n\r\n  \/\/ Call scrollSpy for each TOC on window scroll\r\n  const tocClasses = ['list_toc', 'list_toc_float']; \/\/ Add other TOC class names here if you have more than two instances\r\n  tocClasses.forEach(tocClass => {\r\n    window.addEventListener('scroll', () => scrollSpy(tocClass));\r\n  });\r\n<\/script>\r\n\t\r\n\r\n<!-- ToC List for desktop side bar, diganti jadi inject by php, di code snippet \"Sidebar Accordion\" -->\r\n<!-- <script>\r\n\tdocument.addEventListener('DOMContentLoaded', function() {\r\n        let headerCounter = 0; \/\/ Counter to generate unique IDs\r\n\r\n\t\t\/\/ Function to generate ID in header0, header1, etc. format\r\n\t\tfunction formatId() {\r\n\t\t\treturn `header-${headerCounter++}`; \/\/ ID format: header0, header1, etc.\r\n\t\t}\r\n\r\n\/\/ \t\tfunction formatId(text) {\r\n\/\/             return text.trim().replace(\/[^\\w\\d]+\/g, '_');\r\n\/\/         }\r\n\t\r\n        \/\/ Function to create nested list\r\n        function createNestedList(parentNode, children) {\r\n            if (children.length === 0) return;\r\n\r\n            const nestedUl = document.createElement('ul');\r\n            children.forEach(child => {\r\n                const nestedLi = document.createElement('li');\r\n                const nestedA = document.createElement('a');\r\n                nestedA.textContent = child.title;\r\n                nestedA.href = `#${child.id}`;\r\n                nestedLi.appendChild(nestedA);\r\n                nestedUl.appendChild(nestedLi);\r\n\r\n                if (child.children.length > 0) {\r\n                    createNestedList(nestedLi, child.children);\r\n                }\r\n            });\r\n\r\n            parentNode.appendChild(nestedUl);\r\n        }\r\n\r\n        \/\/ Object to store list of h2 and h3 with their titles\r\n        const headings = [];\r\n\r\n           \/\/ Get all h2 and h3 elements\r\n        \/\/ Get all h2 and h3 elements\r\n\t\tconst elements = document.querySelectorAll('.td-post-content h2');\r\n\r\n\t\telements.forEach(element => {\r\n\t\t\tif (element.tagName === 'H2') {\r\n\t\t\t\tconst id = formatId(); \/\/ Generate new ID\r\n\t\t\t\telement.id = id; \/\/ Set ID to h2 element\r\n\t\t\t\tif (element.textContent.toLowerCase() === \"key takeaways\") {return;} \/\/ Hide Key Takeaways di ToC\r\n\t\t\t\theadings.push({ level: 'h2', id: id, title: element.textContent, children: [] });\r\n\t\t\t} else if (element.tagName === 'H3') {\r\n\t\t\t\tconst id = formatId(); \/\/ Generate new ID\r\n\t\t\t\telement.id = id; \/\/ Set ID to h3 element\r\n\t\t\t\tif (headings.length > 0) {\r\n\t\t\t\t\theadings[headings.length - 1].children.push({ level: 'h3', id: id, title: element.textContent, children: [] });\r\n\t\t\t\t}\r\n\t\t\t}\r\n\t\t});\r\n       \/\/ Create HTML list from headings object\r\n\t\tconst ul = document.getElementById('list_toc');\r\n\t\tlet currentUl = ul;\r\n\t\theadings.forEach(heading => {\r\n\t\t\tconst li = document.createElement('li');\r\n\t\t\tconst a = document.createElement('a');\r\n\t\t\ta.textContent = heading.title;\r\n\t\t\ta.href = `#${heading.id}`; \/\/ Use the newly generated ID\r\n\t\t\tli.appendChild(a);\r\n\r\n\t\t\tif (heading.level === 'h2') {\r\n\t\t\t\tcurrentUl = li;\r\n\t\t\t\tul.appendChild(li);\r\n\t\t\t} else if (heading.level === 'h3') {\r\n\t\t\t\tif (!currentUl.lastElementChild || currentUl.lastElementChild.tagName !== 'UL') {\r\n\t\t\t\t\tconst nestedUl = document.createElement('ul');\r\n\t\t\t\t\tcurrentUl.appendChild(nestedUl);\r\n\t\t\t\t\tcurrentUl = nestedUl;\r\n\t\t\t\t}\r\n\t\t\t\tcurrentUl.appendChild(li);\r\n\t\t\t}\r\n\r\n\t\t\tcreateNestedList(li, heading.children);\r\n\t\t});\r\n\t\t\/\/ Get ul element with id 'list_toc'\r\n\t\tconst ulFloat = document.getElementById('list_toc');\r\n\r\n\t\t\/\/ Get content (child elements) from ul with id 'list_toc'\r\n\t\tconst clonedChildren = ulFloat.cloneNode(true).children;\r\n\r\n\t\t\/\/ Get ul element with id 'list_toc_float'\r\n\t\tconst ulToc = document.getElementById('list_toc_float');\r\n\r\n\t\t\/\/ Add content obtained from 'list_toc' to ul with id 'list_toc_float'\r\n\t\tulToc.append(...clonedChildren);\r\n\r\n\r\n        \/\/ Function to get navbar height\r\n\t\tfunction getNavbarHeight() {\r\n\t\t\tconst navbar = document.getElementById('tdi_34');\r\n\t\t\treturn navbar ? navbar.offsetHeight : 0;\r\n\t\t}\r\n\r\n\t\t\/\/ Function to add scroll position offset\r\n\t\tfunction scrollToElementWithOffset(elementId) {\r\n\t\t\tconst element = document.getElementById(elementId);\r\n\t\t\tif (element) {\r\n\t\t\t\tconst offset = getNavbarHeight();\r\n\t\t\t\tconst elementPosition = element.getBoundingClientRect().top;\r\n\t\t\t\tconst offsetPosition = elementPosition - offset - 40;\r\n\r\n\t\t\t\twindow.scrollBy({\r\n\t\t\t\t\ttop: offsetPosition,\r\n\t\t\t\t\tbehavior: 'smooth'\r\n\t\t\t\t});\r\n\t\t\t}\r\n\t\t}\r\n\r\n\t\t\/\/ Function to handle title link click\r\n\t\tfunction handleTitleClick(event) {\r\n\t\t\tevent.preventDefault();\r\n\t\t\tconst href = event.target.getAttribute('href').substr(1);\r\n\t\t\tscrollToElementWithOffset(href);\r\n\t\t}\r\n\r\n\t\t\/\/ Add event listener for all title links\r\n\t\tconst titleLinks = document.querySelectorAll('a[href^=\"#\"]');\r\n\t\ttitleLinks.forEach(link => {\r\n\t\t\tlink.addEventListener('click', handleTitleClick);\r\n\t\t});\r\n\t});\r\n    <\/script> -->\r\n\r\n<h2><b>Understanding Return on Asset\u00a0<\/b><\/h2>\r\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/www.investopedia.com\/terms\/r\/returnonassets.asp#:~:text=A%20ROA%20of%20over%205,sheet%20than%20a%20car%20maker.\">Return on Assets<\/a> is a financial ratio that shows how well a company uses its assets to generate profit. Expressed as a percentage, RoA indicates how effectively a company turns its assets into earnings. <\/span><\/p>\r\n<p><span style=\"font-weight: 400\">A higher RoA suggests better efficiency in using resources, while a lower RoA may signal areas needing improvement. <\/span><span style=\"font-weight: 400\">RoA is crucial for evaluating operational efficiency because it reveals how effectively a company uses its assets to produce and sell goods. <\/span><\/p>\r\n<p><span style=\"font-weight: 400\">A high RoA indicates that assets are well-utilized in generating profit, highlighting efficient management and productive operations. Conversely, a low RoA may point to inefficiencies or the need for operational adjustments.<\/span><\/p>\r\n<p><span style=\"font-weight: 400\">For investors, RoA is essential in assessing the return on their investment. A high RoA signifies strong performance and effective asset management, making the company a more attractive investment. It reflects the company\u2019s ability to generate returns on invested capital, guiding investors in their decision-making process.<\/span><\/p>\r\n<h2><b>Ways to Calculate Return on Asset<\/b><\/h2>\r\n<p>In order to see how well a company is using its assets to make money, you need to calculate the Return on Assets (RoA). RoA shows how efficiently a company turns its assets into profit. Here\u2019s a simple guide on ways to calculate RoA:\u00a0<\/p>\r\n<h3><strong>1. Steps in calculating Return on Asset<\/strong><\/h3>\r\n<p><img decoding=\"async\" class=\"aligncenter wp-image-18141 size-full\" src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/calculating-various-company-asset.webp\" alt=\"calculating various company asset\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/calculating-various-company-asset.webp 1200w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/calculating-various-company-asset-300x169.webp 300w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/calculating-various-company-asset-1024x576.webp 1024w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/calculating-various-company-asset-768x432.webp 768w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/calculating-various-company-asset-747x420.webp 747w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/calculating-various-company-asset-150x84.webp 150w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/calculating-various-company-asset-696x392.webp 696w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/calculating-various-company-asset-1068x601.webp 1068w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\r\n<p><span style=\"font-weight: 400\">To find out how efficiently a company is using its assets, you need to calculate its Return on Assets. Below is the Return on Asset formula:<\/span><\/p>\r\n<p><strong>RoA = (Net income after tax\/ Average total assets) x 100%<\/strong><\/p>\r\n<p><span style=\"font-weight: 400\">The higher the RoA value, the better it is for the company. This value shows how well the company is earning money from all its assets. For example, if Company X has a net income of \u20b115 million and total assets worth \u20b150 million, you can use the formula to calculate RoA:<\/span><\/p>\r\n<p><strong>RoA = (15,000,000 \/ 50,000,000) x 100% = 30%<\/strong><\/p>\r\n<p><span style=\"font-weight: 400\">This means Company X is earning a 30% profit on its assets, indicating that it is highly efficient in managing the assets it owns. The higher the percentage, the greater the efficiency in utilizing those assets.<\/span><\/p>\r\n<h3><strong>2. Steps to figure out gross profit<\/strong><\/h3>\r\n<p><span style=\"font-weight: 400\">Then, to determine the net income needed for the RoA calculation, you first need to figure out the company&#8217;s gross profit. Gross profit is the amount left after subtracting the cost of goods sold (COGS) from total revenue. Here\u2019s the formula to calculate gross profit:<\/span><\/p>\r\n<p><strong>Gross profit = Net income: Cost of goods sold (COGS)<\/strong><\/p>\r\n<p><span style=\"font-weight: 400\">Gross profit gives you a clear view of how much money the company makes from its core business activities before other expenses like taxes and operating costs are deducted. Once you have the gross profit, you can proceed to calculate net income and then use it in the RoA formula to measure overall asset efficiency.<\/span><\/p>\r\n<p><span style=\"font-weight: 400\">Imagine a local bakery in the Philippines called \u201cPanaderia ni Juan\u201d sells traditional Filipino breads. \ufffc<\/span><\/p>\r\n<p><img decoding=\"async\" class=\"aligncenter wp-image-18142 size-full\" src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Philippines-local-bakery-sells-local-made-Filipino-bread-the-person-who-bake-it-should-have-clear-eyes-and-mouth.webp\" alt=\"Philippines local bakery sells local made Filipino bread the person who bake it should have clear eyes and mouth\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Philippines-local-bakery-sells-local-made-Filipino-bread-the-person-who-bake-it-should-have-clear-eyes-and-mouth.webp 1200w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Philippines-local-bakery-sells-local-made-Filipino-bread-the-person-who-bake-it-should-have-clear-eyes-and-mouth-300x169.webp 300w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Philippines-local-bakery-sells-local-made-Filipino-bread-the-person-who-bake-it-should-have-clear-eyes-and-mouth-1024x576.webp 1024w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Philippines-local-bakery-sells-local-made-Filipino-bread-the-person-who-bake-it-should-have-clear-eyes-and-mouth-768x432.webp 768w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Philippines-local-bakery-sells-local-made-Filipino-bread-the-person-who-bake-it-should-have-clear-eyes-and-mouth-747x420.webp 747w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Philippines-local-bakery-sells-local-made-Filipino-bread-the-person-who-bake-it-should-have-clear-eyes-and-mouth-150x84.webp 150w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Philippines-local-bakery-sells-local-made-Filipino-bread-the-person-who-bake-it-should-have-clear-eyes-and-mouth-696x392.webp 696w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Philippines-local-bakery-sells-local-made-Filipino-bread-the-person-who-bake-it-should-have-clear-eyes-and-mouth-1068x601.webp 1068w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\r\n<ul>\r\n<li style=\"font-weight: 400\"><b>Total Net Income<\/b><span style=\"font-weight: 400\">: \u20b11,000,000 (from selling various types of bread)<\/span><\/li>\r\n<li style=\"font-weight: 400\"><b>Cost of Goods Sold (COGS)<\/b><span style=\"font-weight: 400\">: \u20b1600,000 (includes costs for flour, sugar, and other ingredients)<\/span><\/li>\r\n<\/ul>\r\n<p><span style=\"font-weight: 400\">To calculate the gross profit, you use the formula:<\/span><\/p>\r\n<p><strong>Gross profit = Revenue &#8211; Cost of goods sold (COGS)<\/strong><\/p>\r\n<p><b>Applying the numbers:<\/b><\/p>\r\n<p><strong>Gross profit = \u20b11,000,000 &#8211; \u20b1600,000 = \u20b1400,000<\/strong><\/p>\r\n<p><span style=\"font-weight: 400\">So, Panaderia ni Juan&#8217;s gross profit is \u20b1400,000. This means the bakery earned \u20b1400,000 from selling bread after covering the direct costs of ingredients and production. This gross profit figure helps the bakery understand how well it is doing in its core business activities, before accounting for other expenses like rent, salaries, and utilities.<\/span><\/p>\r\n<h2><b>What Is a Good Return on Asset?<\/b><\/h2>\r\n<p><span style=\"font-weight: 400\">A Return on Assets of over 5% is generally seen as a good indicator of how well a company is using its assets to generate profit. When RoA exceeds 20%, it is considered excellent. <\/span><\/p>\r\n<p><span style=\"font-weight: 400\">However, it\u2019s crucial to compare RoA figures among companies within the same industry. <\/span><span style=\"font-weight: 400\">This is because different industries have varying asset requirements and operating models. For example, a software company usually has fewer physical assets compared to a car manufacturer. <\/span><\/p>\r\n<p><span style=\"font-weight: 400\">As a result, the software company\u2019s RoA might appear higher simply because it doesn\u2019t have as many assets on its balance sheet. <\/span><span style=\"font-weight: 400\">In contrast, a car maker, which has significant investments in machinery and factories, might have a lower RoA. <\/span><\/p>\r\n<p><span style=\"font-weight: 400\">This doesn\u2019t necessarily mean it\u2019s performing poorly; it just reflects the high cost of its assets. Therefore, when evaluating RoA, always consider how it compares with similar firms in the same sector to get a true picture of a company\u2019s performance.<\/span><\/p>\r\n<p><span style=\"font-weight: 400\">In simple terms, while a higher RoA is better, it\u2019s essential to understand the context and industry norms to accurately assess how well a company is managing its assets.<\/span><\/p>\r\n<h2><b>The Key Benefits of Using Return on Assets<\/b><\/h2>\r\n<p><img decoding=\"async\" class=\"aligncenter wp-image-18144 size-full\" src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/The-Key-Benefit-of-Using-Return-on-Assets-.webp\" alt=\"The Key Benefit of Using Return on Assets\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/The-Key-Benefit-of-Using-Return-on-Assets-.webp 1200w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/The-Key-Benefit-of-Using-Return-on-Assets--300x169.webp 300w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/The-Key-Benefit-of-Using-Return-on-Assets--1024x576.webp 1024w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/The-Key-Benefit-of-Using-Return-on-Assets--768x432.webp 768w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/The-Key-Benefit-of-Using-Return-on-Assets--747x420.webp 747w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/The-Key-Benefit-of-Using-Return-on-Assets--150x84.webp 150w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/The-Key-Benefit-of-Using-Return-on-Assets--696x392.webp 696w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/The-Key-Benefit-of-Using-Return-on-Assets--1068x601.webp 1068w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\r\n<p><span style=\"font-weight: 400\">Every company wants to make a profit, and so do shareholders and investors. Because both the company and its investors share the same goal, financial information like the Return on Assets ratio is crucial for both management and investors.<\/span><\/p>\r\n<p><span style=\"font-weight: 400\">Here\u2019s how RoA can benefit your company:<\/span><\/p>\r\n<ol>\r\n<li style=\"font-weight: 400\"><b>Efficiency Analysis<\/b><span style=\"font-weight: 400\">: Management can use RoA to assess how effectively the company is using its capital for production and sales.<\/span><\/li>\r\n<li style=\"font-weight: 400\"><b>Competitor Comparison<\/b><span style=\"font-weight: 400\">: Companies can compare their RoA with competitors to see how they stack up. This helps identify strengths and weaknesses.<\/span><\/li>\r\n<li style=\"font-weight: 400\"><b>Division Performance<\/b><span style=\"font-weight: 400\">: By looking at RoA, the company can evaluate the performance and productivity of different divisions, helping to manage and improve each one.<\/span><\/li>\r\n<li style=\"font-weight: 400\"><b>Product Profitability<\/b><span style=\"font-weight: 400\">: RoA helps in assessing how profitable different products are. This lets the company decide which products to focus on and which ones to adjust.<\/span><\/li>\r\n<li style=\"font-weight: 400\"><b>Corporate Planning<\/b><span style=\"font-weight: 400\">: <span id=\"limitation\">RoA is useful for making strategic decisions, such as business expansion. It\u2019s also valuable for investors to understand how well their money is being used to generate profits.<\/span><\/span><\/li>\r\n<\/ol>\r\n<p>Read more: <a href=\"https:\/\/www.hashmicro.com\/ph\/blog\/return-on-equity-roe\/\">Return on Equity (ROE): Definition and Calculation<\/a><\/p>\r\n<h2><b>Potential Pitfalls and Consideration\u00a0<\/b><\/h2>\r\n<p><span style=\"font-weight: 400\">One big issue with Return on Assets is that it doesn&#8217;t work well across different industries. For example, a retail store and an oil company have very different types of assets, so comparing their RoA directly can be misleading.<\/span><\/p>\r\n<p><span style=\"font-weight: 400\">Also, the basic RoA formula might not fit all companies, especially banks. Banks have their assets and liabilities valued differently than other companies, which makes RoA more accurate for them. <\/span><\/p>\r\n<p><span style=\"font-weight: 400\">For non-bank companies, you might need to adjust the RoA formula to deal with interest costs. <\/span><span style=\"font-weight: 400\">Even with its limitations, RoA is still useful for understanding how well a company uses its assets to make money. However, it should not be the only measure you use. <\/span><\/p>\r\n<p><span style=\"font-weight: 400\">It\u2019s best to look at RoA along with other financial ratios to get a fuller picture of a company\u2019s performance. This way, you can make better-informed decisions.<\/span><\/p>\r\n<h2><b>Practical Tips for Improving Return on Asset<\/b><\/h2>\r\n<p><img decoding=\"async\" class=\"aligncenter wp-image-18146 size-full\" src=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Practical-Tips-for-Improving-ROA.webp\" alt=\"Practical Tips for Improving ROA\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Practical-Tips-for-Improving-ROA.webp 1200w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Practical-Tips-for-Improving-ROA-300x169.webp 300w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Practical-Tips-for-Improving-ROA-1024x576.webp 1024w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Practical-Tips-for-Improving-ROA-768x432.webp 768w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Practical-Tips-for-Improving-ROA-747x420.webp 747w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Practical-Tips-for-Improving-ROA-150x84.webp 150w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Practical-Tips-for-Improving-ROA-696x392.webp 696w, https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/Practical-Tips-for-Improving-ROA-1068x601.webp 1068w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\r\n<p><span style=\"font-weight: 400\">Improving Return on Asset shows that you\u2019re managing your assets well and helps strengthen your company&#8217;s financial health. Whether you have a small local business or a large corporation, increasing RoA and implementing <a href=\"https:\/\/www.hashmicro.com\/ph\/blog\/asset-tracking-software\/\">asset tracking software<\/a> can greatly enhance your profitability and efficiency.<\/span><\/p>\r\n<p><span style=\"font-weight: 400\">To get the best results, it\u2019s important to consider the unique challenges and opportunities in your local market. Here are some simple tips to help you improve your RoA and boost your company\u2019s performance:<\/span><\/p>\r\n<h3><strong>1. Optimize Asset Utilization\u00a0<\/strong><\/h3>\r\n<p><span style=\"font-weight: 400\">To make the most of your assets, start by improving how you manage them. One effective way is to streamline your inventory management. <\/span><\/p>\r\n<p><span style=\"font-weight: 400\">Implementing efficient inventory practices ensures you only have what you need, reducing excess stock and storage costs. <\/span><span style=\"font-weight: 400\">For instance, using <a href=\"https:\/\/www.hashmicro.com\/ph\/blog\/asset-management-system\/\">asset management system<\/a> like HashMicro&#8217;s can help you manage your company&#8217;s asset efficiently and integrated. <\/span><\/p>\r\n<p><span style=\"font-weight: 400\">The software could help the company optimise asset usage, lessened downtime and increase operational efficiency. <\/span><span style=\"font-weight: 400\">This means reducing waste and keeping your operations running smoothly, leading to better <a href=\"https:\/\/www.hashmicro.com\/ph\/blog\/return-on-asset-core-indicator-on-your-company-efficiency\/\" target=\"_blank\" rel=\"noopener\">asset utilization<\/a> and improved RoA.<\/span><\/p>\r\n<h3><strong>2. Use Technology to Manage Assets Better<\/strong><\/h3>\r\n<p>Technology can significantly enhance how you manage your assets. Consider using <a href=\"\/ph\/blog\/best-asset-management-software\/\">asset management software<\/a> to track and optimize asset performance.<\/p>\r\n<p>Such software provides real-time insights, enabling you to make informed decisions about asset utilization and maintenance. By utilizing <a href=\"https:\/\/www.hashmicro.com\/ph\/blog\/asset-performance-management-software\/\">asset performance management software<\/a>, you can streamline asset management processes, reduce operational downtime, and extend the lifespan of your assets.<\/p>\r\n<p>Additionally, it helps you identify inefficiencies and create areas for improvement, ultimately leading to a better Return on Assets. This proactive approach not only saves costs but also boosts overall productivity and profitability.<\/p>\r\n<p><strong>Also read: <a href=\"https:\/\/www.hashmicro.com\/ph\/blog\/manufacturing-asset-management-software\/\">Top Manufacturing Asset Management Software<\/a><\/strong><\/p>\r\n<h2><b>Conclusion<\/b><\/h2>\r\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\r\n<div class=\"flex-col gap-1 md:gap-3\">\r\n<div class=\"flex max-w-full flex-col flex-grow\">\r\n<div class=\"min-h-[20px] text-message flex w-full flex-col items-end gap-2 whitespace-normal break-words [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"cd0757ad-219d-440b-b00f-c438d7192aea\">\r\n<p>Improving your Return on Assets (ROA) shows how effectively your company uses resources to generate profit.<\/p>\r\n<p>Strategies like optimizing asset use and leveraging technology can help both small businesses and large corporations improve their ROA, streamline operations, cut costs, and increase profitability. However, ROA should be assessed alongside other financial metrics for a full performance picture.<\/p>\r\n<p>To simplify asset management, try <a href=\"https:\/\/www.hashmicro.com\/ph\/asset-management-software\">HashMicro&#8217;s Asset Control Software<\/a>. Ideal for industries like manufacturing and construction. It reduces downtime, optimizes usage, and improves overall efficiency. Experience its benefits by trying HashMicro&#8217;s <a href=\"https:\/\/www.hashmicro.com\/ph\/free-product-tour\/\">free demo<\/a> today.<\/p>\r\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\r\n<div class=\"markdown prose w-full break-words dark:prose-invert dark\">\r\n<a href=\"https:\/\/www.hashmicro.com\/ph\/asset-management-software?medium=moneysite-banner\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2022\/03\/Asset-Management-Software.png.webp\" data-desktop-src=\"https:\/\/www.hashmicro.com\/blog\/wp-content\/uploads\/2022\/03\/Asset-Management-Software.png.webp\" data-mobile-src=\"\" alt=\"AssetManagement\" class=\"responsive-image-banner\" width=\"620\" height=\"255\"><\/a>\r\n\r\n<script>\r\n    \/\/ check which image to use based on screensize\r\n    document.addEventListener(\"DOMContentLoaded\", function() {\r\n        function updateImageSource() {\r\n            var images = document.querySelectorAll('.responsive-image-banner');\r\n            var screenWidth = window.innerWidth;\r\n\r\n            images.forEach(function(img) {\r\n                var mobileSrc = img.getAttribute('data-mobile-src');\r\n                var desktopSrc = img.getAttribute('data-desktop-src');\r\n\r\n                if (screenWidth < 576 && mobileSrc) {\r\n                    img.setAttribute('src', mobileSrc);\r\n                } else {\r\n                    img.setAttribute('src', desktopSrc);\r\n                }\r\n            });\r\n        }\r\n\r\n        \/\/ Initial check\r\n        updateImageSource();\r\n\r\n        \/\/ Update on resize\r\n        window.addEventListener('resize', updateImageSource);\r\n    });\r\n<\/script>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n","protected":false},"excerpt":{"rendered":"<p>When running a business, you need to balance between achieving sales goals and earning profits. Financial ratios, such as Return on Assets (RoA), act as a report card, showing how efficiently a company uses its resources to boost productivity and profits. RoA is a profitability ratio that indicates how well a company turns its assets [&hellip;]<\/p>\n","protected":false},"author":49,"featured_media":18140,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[157,23],"tags":[],"class_list":{"0":"post-8187","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-accounting","8":"category-asset-management"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Return on Asset: Core Indicator on Your Company Efficiency - HashMicro Philippine Blog<\/title>\n<meta name=\"description\" content=\"Boost your Return on Assets effortlessly with HashMicro&#039;s asset management software, enhancing performance and reducing costs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hashmicro.com\/ph\/blog\/return-on-asset-core-indicator-on-your-company-efficiency\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Return on Asset: Core Indicator on Your Company Efficiency\" \/>\n<meta property=\"og:description\" content=\"Boost your Return on Assets effortlessly with HashMicro&#039;s asset management software, enhancing performance and reducing costs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hashmicro.com\/ph\/blog\/return-on-asset-core-indicator-on-your-company-efficiency\/\" \/>\n<meta property=\"og:site_name\" content=\"HashMicro Philippine Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-19T06:02:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-11T06:19:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.hashmicro.com\/ph\/blog\/wp-content\/uploads\/2024\/09\/return-on-asset-hashmicro.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Joshua Manalo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joshua Manalo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.hashmicro.com\/ph\/blog\/return-on-asset-core-indicator-on-your-company-efficiency\/\",\"url\":\"https:\/\/www.hashmicro.com\/ph\/blog\/return-on-asset-core-indicator-on-your-company-efficiency\/\",\"name\":\"Return on Asset: Core Indicator on Your Company Efficiency - 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