Eargo Inc Return on Fixed Assets (ROFA) 2 year CAGR is 4.96% for the quarter ending September 30, 2023, a -70.37% change year over year. Return on fixed assets measures the profitability of a company relative to its fixed assets, such as property, plant, and equipment. It is calculated by dividing the net income by the net value of fixed assets. This ratio provides insights into how effectively a company utilizes its fixed assets to generate profits. A higher return on fixed assets suggests better profitability and efficient utilization of fixed assets. 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.