Aerovate Therapeutics Inc Return on Assets (ROA) 5 year CAGR is NA for the year ending December 31, 2023. Return on assets (ROA) measures the profitability of a company relative to its total assets. It is calculated by dividing the net income by the total assets. This ratio indicates how effectively a company utilizes its assets to generate profits. A higher ROA suggests a more efficient use of assets and indicates better profitability. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.