Crystal Reports for Eclipse Designer Guide

FRReturnOnTotalAssets (NetProfit, TotalAssets)

Description
FRReturnOnTotalAssets returns the ratio between NetProfit and TotalAssets.
Format
FRReturnOnTotalAssets(NetProfit, TotalAssets)
Arguments
  • NetProfit is a Number or formula. NetProfit is the amount of earnings a company earns during the year from the sale of its products or services minus all the expense items. It is the bottom line figure in a company's income statement. Some analysts may want to use the net profit before extraordinary items and/or income taxes for calculating this ratio.
  • TotalAssets is a Number or formula. In general, TotalAssets consist of total current assets, net fixed assets and all other assets in a company's balance sheet.
  • Action
    FRReturnOnTotalAssets returns the ratio between NetProfit and TotalAssets (for example, ReturnOnTotalAssets = NetProfit / TotalAssets).
    Typical uses
    This measures the return on total assets employed. It is a measure of the efficiency of the company in employing its total assets. The higher the result the better is its efficiency.
    Examples
    FRReturnOnTotalAssets(23, 100)
    Returns 0.23.
    FRReturnOnTotalAssets(442, 340)
    Returns 1.3.
    None of the arguments can be negative; you may have to check for negative values before passing the arguments.
    Comments
    FRReturnOnTotalAssets is one of the many financial analysis tools used in interpreting the financial position of a company. As in the case of all ratios, it has to be used with caution. They can just be used as a clue and not solid proof for forming a judgment on the financial status of a company.
    Neither one of the ratios can be used alone for doing financial analysis and there are no fixed rules on the results of the ratios. Apart from differences between type of industries, result varies among different companies within the same industry and within different account periods. The results should only be used for relative comparison and trend analysis, rather than treating them as something absolute.



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