Other 30-something-unit, inner-city Portland apartment complexes have sold consistently for approximately $3 million, according to research by Winkler and Dupont. UDP purchased its Southeast Division property in May 2011 for $645,000, according to Portlandmaps.
What is 'Return On Average Assets - ROAA'. Return on average assets (ROAA) is an indicator used to assess the profitability of a firm's assets, and it is most often used by banks and other financial institutions as a means to gauge financial performance. ROAA is calculated by taking net income and dividing it by average total assets.
Looking at the denominator of the return on capital calculation, tangible capital employed is used instead of total assets (used to calculate ROA) or equity (used to calculate ROE) to better capture the actual operating capital used by the business.here, EBIT = earnings before interest and taxes, and Tangible capital employed = adjusted net working capital + net fixed assets. This definition of return on capital uses the pretax operating earnings of a company instead of net income, which is used in the ROA and ROE calculations.