Return On Net Assets Calculator

Measure operating profit per dollar of productive assets

Return on net assets (RONA) shows how efficiently a company turns net income into profit relative to the assets tied to core operations. Analysts use it to compare capital-intensive businesses and to spot improving or deteriorating asset productivity over time.

For invested-capital style metrics, see the Return on Invested Capital Calculator and Return on Assets Calculator.

RONA formula

Net working capital equals current assets minus current liabilities. Net assets equal fixed assets plus net working capital. RONA equals net income divided by net assets, expressed as a percentage.

$$ RONA = \frac{\text{Net Income}}{\text{Fixed Assets} + (\text{Current Assets} - \text{Current Liabilities})} \times 100 $$