Axos Financial Inc
NYSE:AX
ROA
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 Across Competitors
| Country | Company | Market Cap | ROA | ||
|---|---|---|---|---|---|
| US |
|
Axos Financial Inc
NYSE:AX
|
4B USD |
2%
|
|
| US |
|
Rocket Companies Inc
NYSE:RKT
|
25.5B USD |
0%
|
|
| US |
|
Federal National Mortgage Association
OTC:FNMA
|
12.6B USD |
0%
|
|
| US |
|
Mr Cooper Group Inc
NASDAQ:COOP
|
8.3B USD |
3%
|
|
| US |
|
UWM Holdings Corp
NYSE:UWMC
|
6.6B USD |
0%
|
|
| US |
|
MGIC Investment Corp
NYSE:MTG
|
6.3B USD |
12%
|
|
| BM |
|
Essent Group Ltd
NYSE:ESNT
|
5.9B USD |
11%
|
|
| US |
|
Enact Holdings Inc
NASDAQ:ACT
|
5.3B USD |
11%
|
|
| US |
F
|
Federal Home Loan Mortgage Corp
OTC:FMCC
|
5B USD |
0%
|
|
| US |
|
PennyMac Financial Services Inc
NYSE:PFSI
|
4.9B USD |
2%
|
|
| US |
|
Radian Group Inc
NYSE:RDN
|
4.7B USD |
7%
|
Axos Financial Inc
Glance View
Axos Financial Inc. is a relatively young entrant in the world of finance, tracing its roots back to 2000 when it was established as BofI Holding, Inc. Originating as an online-only banking platform amid the rise of digital technology, the company emerged with a forward-thinking model focused on minimizing physical infrastructure costs and maximizing customer reach via the internet. Headquartered in San Diego, California, Axos offers a broad range of financial products, including personal and business banking, loans, and investment solutions. Its core banking operations provide a suite of services that appeal to a tech-savvy clientele, ranging from high-yield savings accounts to robust mortgage lending options. Through its digital-first approach, Axos leverages cutting-edge technology to deliver efficient and cost-effective solutions, attracting a diverse array of customers looking for an alternative to traditional brick-and-mortar banks. Evolving beyond its initial scope, Axos Financial has expanded, building a comprehensive financial ecosystem that caters to personal, business, and institutional clients. Their revenue model thrives on net interest income—the difference between the interest earned on their assets, such as loans and securities, and the interest paid out to depositors. Additionally, Axos enhances its profitability through non-interest income streams like service charges and fees from various banking services. The company has also delved into strategic acquisitions, diversifying its revenue base and broadening its market footprint. By integrating technology at every operational level, Axos drives efficiency and innovation, maintaining a competitive edge in the rapidly transforming financial landscape. The narrative of Axos Financial is one of a modern banking entity that strategically blends technology and financial acumen to carve its niche in an industry traditionally dominated by giants.
See Also
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.
Based on Axos Financial Inc's most recent financial statements, the company has ROA of 1.8%.
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