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Rite Return On Asset

<div class='circular--portrait' style='background:#FCD202;color: white;font-size:3em;padding-top: 40px;;'>RIT</div>
RAD -- USA Stock  

Fiscal Quarter End: February 29, 2020  

Rite Aid Return on Invested Capital is expected to slightly increase based on the last few years of reporting. The last year's Return on Invested Capital was at 0.07. The current year Return on Sales is expected to grow to 0.030103, whereas Return on Average Equity is expected to decline to 0.43. Rite Aid return on asset fundamental analysis lookup allows you to check this and other indicators for Rite Aid Corporation or any other equity instrument. You can also select from a set of available indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations. Please continue to Equity Screeners to view more equity screening tools
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Rite Return On Asset Analysis

Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
 2014 2016 2019 2020 (projected)
Interest Expense449.57 M397.61 M357.85 M363.38 M
Gross Profit7.83 B7.58 B6.82 B4.68 B
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania. Rite Aid operates under Pharmaceutical Retailers classification in USA and is traded on BATS Exchange. It employs 32190 people.
Interest ExpenseGross Profit
Return on Asset 
 = 
Net Income 
Total Assets 
X
100 
More About Return On Asset | All Equity Analysis
Rite Aid Return On Asset  =
0.29 
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Rite Return On Asset Over Time Pattern

 Rite Aid Return on Average Assets 
    
  Timeline 

About Return On Asset

Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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Rite Aid Return On Asset Related Assessment

Total Assets
Based on latest financial disclosure Rite Aid Corporation has Return On Asset of 0.2879%. This is 103.29% lower than that of the Healthcare sector, and significantly higher than that of Pharmaceutical Retailers industry, The Return On Asset for all stocks is 305.64% lower than the firm.

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Rite current financial ratios

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Rite Aid Investor Sentiment

Predominant part of Macroaxis users are at this time bullish on Rite Aid Corporation. What is your perspective on investing in Rite Aid Corporation? Are you bullish or bearish?
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