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Rackspace Technology Inc
NASDAQ:RXT

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Rackspace Technology Inc Logo
Rackspace Technology Inc
NASDAQ:RXT
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Price: 1.68 USD 3.07% Market Closed
Updated: Apr 26, 2024

ROA
Return on Assets

-17.5%
Current
-11%
Average
0.2%
Industry
Negative for the last year
-17.5%
Negative average
-11%
Worse than average
Worse than industry value

ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number 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. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.

ROA
-17.5%
=
Net Income
-837.8m
/
Total Assets
4.4B

ROA Across Competitors

ROA Comparison
Rackspace Technology Inc Competitors

Country US
Market Cap 365.2m USD
ROA
-18%
Country CA
Market Cap 90.8B USD
ROA
1%
Country US
Market Cap 50.9B USD
ROA
-10%
Country US
Market Cap 29.3B USD
ROA
-7%
Country US
Market Cap 26.6B USD
ROA
-6%
Country US
Market Cap 18.5B USD
ROA
47%
Country US
Market Cap 17.7B USD
ROA
19%
Country US
Market Cap 15.5B USD
ROA
-4%
Country US
Market Cap 15.4B USD
ROA
6%
Country US
Market Cap 10.9B USD
ROA
-8%
Country US
Market Cap 8.4B USD
ROA
12%

Profitability Report

View the profitability report to see the full profitability analysis for Rackspace Technology Inc.

See Also

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What is Return on Assets?

ROA, or Return on Assets, is an indicator of how well a company utilizes its assets in terms of profitability. This number 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. A higher ROA indicates more efficient use of assets to produce earnings, making it a valuable gauge for investors assessing a company's operational efficiency and profitability potential.

ROA
-17.5%
=
Net Income
-837.8m
/
Total Assets
4.4B
What is the ROA of Rackspace Technology Inc?

Based on Rackspace Technology Inc's most recent financial statements, the company has ROA of -17.5%.