Middlesex Water Co Ret. on assets
What is the Ret. on assets of Middlesex Water Co?
The Ret. on assets of Middlesex Water Co. is 2.96%
What is the definition of Ret. on assets?
Return on assets indicates how profitable a company’s assets are in generating revenue. It is computed by dividing net income by average total assets.
ttm (trailing twelve months)
The return on assets (ROA) tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. It's a useful number for comparing competing companies in the same industry. The number will vary widely across different industries. Return on assets gives an indication of the capital intensity of the company, which will depend on the industry; companies that require large initial investments will generally have lower return on assets. ROAs over 5% are generally considered good.
Ret. on assets of companies in the Utilities sector on NASDAQ compared to Middlesex Water Co
What does Middlesex Water Co do?
middlesex water company (nasdaq:msex) provides a full range of regulated and non-regulated water, wastewater utility and related services in parts of new jersey, delaware and pennsylvania. middlesex water engages in collecting, treating, distributing and selling water for domestic, commercial, municipal, industrial and fire protection purposes. through its comprehensive suite of services including its latest offering -- turnkey renewable energy services, the middlesex water family of companies provide customers, small system owners, developers and municipalities with practical water and wastewater solutions that enhance quality of life and serve as the framework for economic development.
Companies with ret. on assets similar to Middlesex Water Co
- Allspring Multi-Sector Income Fund has Ret. on assets of 2.95%
- Cowen Inc has Ret. on assets of 2.95%
- Verizon Communications Inc has Ret. on assets of 2.95%
- Canadian Utilities has Ret. on assets of 2.95%
- Carrefour SA has Ret. on assets of 2.96%
- SINOPEC Engineering () Co has Ret. on assets of 2.96%
- Middlesex Water Co has Ret. on assets of 2.96%
- KraneShares Trust has Ret. on assets of 2.96%
- High Peak Royalties has Ret. on assets of 2.96%
- American Inc has Ret. on assets of 2.96%
- Café de Coral has Ret. on assets of 2.96%
- BlackRock Municipal Income Investment Trust has Ret. on assets of 2.96%
- Woodside Petroleum Ltd has Ret. on assets of 2.96%