NORTECH SYSTEMS INC Annual Return On Assets in % from 2012 to 2023

Taxonomy & unit
ratio: %
Description
Return on assets can be defined as an indicator of how profitable a company is relative to its total assets. Calculated by dividing a company's operating earnings by its total assets.
Summary
Nortech Systems Inc quarterly/annual Return On Assets history and growth rate from 2012 to 2023.
  • Nortech Systems Inc Return On Assets for the quarter ending June 30, 2024 was 8.85 %, a 152% increase year-over-year.
  • Nortech Systems Inc annual Return On Assets for 2023 was 9.83 %, a 245% increase from 2022.
  • Nortech Systems Inc annual Return On Assets for 2022 was 2.85 %, a 74.7% decline from 2021.
  • Nortech Systems Inc annual Return On Assets for 2021 was 11.3 %.
Return On Assets, Annual (%)
Return On Assets, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 9.83 +6.98 +245% Jan 1, 2023 Dec 31, 2023
2022 2.85 -8.42 -74.7% Jan 1, 2022 Dec 31, 2022
2021 11.3 +13.8 Jan 1, 2021 Dec 31, 2021
2020 -2.56 -0.69 -37% Jan 1, 2020 Dec 31, 2020
2019 -1.87 -2.16 -737% Jan 1, 2019 Dec 31, 2019
2018 0.29 +4.71 Jan 1, 2018 Dec 31, 2018
2017 -4.42 -4.5 -5822% Jan 1, 2017 Dec 31, 2017
2016 0.08 +1.14 Jan 1, 2016 Dec 31, 2016
2015 -1.06 -2.89 -158% Jan 1, 2015 Dec 31, 2015
2014 1.83 +0.14 +8.3% Jan 1, 2014 Dec 31, 2014
2013 1.69 +0.29 +20.8% Jan 1, 2013 Dec 31, 2013
2012 1.39 Jan 1, 2012 Dec 31, 2012
* An asterisk sign (*) next to the value indicates that the value is likely invalid.