The Ret. on assets of Innovaqor Inc is -3,883.11%
Return on assets indicates how profitable a company’s assets are in generating revenue. It is computed by dividing net income by average total assets.
ttm (trailing twelve months)
The return on assets (ROA) 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. It's a useful number for comparing competing companies in the same industry. The number will vary widely across different industries. Return on assets gives an indication of the capital intensity of the company, which will depend on the industry; companies that require large initial investments will generally have lower return on assets. ROAs over 5% are generally considered good.
InnovaQor, Inc. develops a telehealth platform for patients and hospitals. The company was incorporated in 2020 and is based in Arvada, Colorado. InnovaQor, Inc. operates as a subsidiary of TPT Global Tech, Inc.