Formula

Return on Asset = Net income / Total asset

3. Return on Asset

ROA of 2019: 2.00%

ROA of 2020 2.30%
ROA of 2021 2.30%
ROA of 2022 2.80%

Before making their own investment decisions, investors can better

understand the effectiveness of the business's use of assets by utilizing the
ROA (return on assets) index, which quantifies this efficiency. Based on the
calculation in the table, the ROA increased sharply in the period from 2.00% to
2.80%, especially from 2021 to 2022, ROA increased from 2.30% to 2.80%
(up 0.5%). The financial accounts provide evidence of this rise, demonstrating
a substantial increase in net income from 9.180.688 million in 2019 to
17,147,134 million in 2022. The ROA continued to rise consistently over the
next years, showing that asset management involves relatively little risk and is
lucrative overall.