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        Investing Strategies

        Views 2392022.09.21

        how

        核心要点

        • 资产收益率(ROA),也叫资产回报率,是用来衡量企业盈利能力的重要财务分析指标

        • 资产收益率即企业利润额与企业平均资产的比率,计算公式为:资产收益率=净利润/平均资产总额×100%

        • 资产收益率越高,说明企业资产的利用效率越高,利用资产创造的利润越多,整个企业的获利能力也就越强

        概念详解

        资产收益率(ROA),也叫资产回报率,是用来衡量某个时期内(通常是一年内)每单位资产创造多少净利润的指标,也即某个时期内企业产生的净利润与企业在该时期内平均资产总额的比率。

        资产收益率的计算公式为:

        资产收益率=净利润/平均资产总额×100%

        (其中平均资产总额=(总资产初始额+总资产末期额)/2

        资产收益率是用来衡量企业盈利能力的重要财务分析指标。资产收益率越高,说明企业资产的利用效率越高,利用资产创造的利润越多,整个企业的获利能力也就越强。

        资产收益率可以用于同一行业不同公司之间的比较,但不同行业的公司因资产总额基础的差异较大不具备太强的可比性,所以我们一般不拿科技公司的ROA与食品饮料公司的ROA进行对比。

        资产收益率的案例

        以下是苹果公司截至2021年9月25日的2021财年年报中的资产负债表:

        年报显示:

        2020财年末苹果总资产为3238.88亿美元;

        2021财年末苹果总资产为3510.02亿美元;

        可以得出,

        以下是苹果2021财年年报中的利润表: 

        苹果2021财年净利润为946.8亿美元 ;

        因此,

        2021财年苹果的资产收益率 = 946.8亿美元 / 3374.45亿美元 ×100% = 28.06%


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