To smooth out any volatility in assets between two years, the average is also calculated. GM posted the best return on assets in five of the six years—however, in 2017, Ford performed better.

The basic return on assets formula is to divide a company's net income by its average total assets. The result is then typically multiplied by 100 to convert the final figure into a percentage.

The long-run expected total return for the Global Market Index (GMI) fell again in March, dropping to an annualized 6.9% vs.

However, that average plummets to $370 million when GLP-1s are taken out of the equation. GLP-1s have also heavily influenced the cohort’s internal rate of return for late-stage pipeline assets ...

Since income is earned over the course of a year, we average Total Assets at the start and end of the year for the denominator. In general, a higher return on assets suggests management is utilizing ...