ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Array Technologies's annualizedNet Income for the quarter that ended in Mar. 2026 was €7 Mil.
Array Technologies's average Total Assets over the quarter that ended in Mar. 2026 was €1,258 Mil. Therefore, Array Technologies's annualized ROA % for the quarter that ended in Mar. 2026 was 0.55%.
The historical rank and industry rank for Array Technologies's ROA % or its related term are showing as below:
FRA:9AY'
s ROA % Range Over the Past 10 Years
Min: -15.35 Med: -1.66 Max: 8.04
Current: -4.46
During the past 8 years, Array Technologies's highest ROA % was 8.04%. The lowest was -15.35%. And the median was -1.66%.
FRA:9AY's ROA % is ranked worse than 75.61% of 1025
companies
in the Semiconductors industry
Industry Median: 2.47
vs FRA:9AY: -4.46
Array Technologies (FRA:9AY) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Array Technologies ROA % Related Terms
Array Technologies ROA % Historical Data
* Premium members only.
The historical data trend for Array Technologies's ROA % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Solar subindustry, Array Technologies's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Array Technologies ROA % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Array Technologies's ROA % distribution charts can be found below:
* The bar in red indicates where Array Technologies's ROA % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Array Technologies (FRA:9AY) has a ROA % of 0.55% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Array Technologies and its competitors. According to the industry distribution chart, Array Technologies ranks #775 out of 1025 companies in the Semiconductors industry, placing it in the top 75.6%.
Is Array Technologies' ROA % too high?
Array Technologies' current ROA % is 0.55%. The Semiconductors industry median ROA % is 2.47. Array Technologies' value of 0.55% is 77.7% below this industry median. Based on the distribution chart, Array Technologies ranks #775 out of 1025 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Array Technologies has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Array Technologies' ROA % compare to CSIQ and JKS?
According to the Semiconductors industry distribution chart, Array Technologies ranks #775 out of 1025 companies for ROA %. This places Array Technologies in the lower half of its industry. The industry median ROA % is 2.47. Array Technologies' value of 0.55% is 77.7% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for a Semiconductors company?
The median ROA % among Semiconductors companies is 2.47, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Array Technologies's current ROA % of 0.55% is 77.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Array Technologies and its competitors. For the Semiconductors industry, the median ROA % is 2.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Array Technologies's current ROA % is 0.55%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array Technologies stock overvalued right now?
Based on GuruFocus' analysis, Array Technologies (FRA:9AY) is currently considered Modestly Undervalued. The stock's GF Value™ is €8.21, compared to a current price of €6.02 — trading 26.7% below its estimated fair value. The current ROA % is 0.55% and 77.7% below the Semiconductors industry median of 2.47. Array Technologies' overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Array Technologies (FRA:9AY), the current ROA % is 0.55% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Array Technologies (FRA:9AY) Overvalued in 2026?
Based on GuruFocus' analysis, Array Technologies stock appears to be undervalued.
The current stock price of €6.02 is trading 26.7% below its estimated GF Value™ of €8.21.
GuruFocus considers Array Technologies to be Modestly Undervalued.
Key valuation signals for FRA:9AY:
ROA %: 0.55%
GF Value™: €8.21 vs. price of €6.02 (26.7% below fair value)
Industry Position: 77.7% below the Semiconductors median (#775 of 1025)
No single metric tells the full story. See the FRA:9AY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's segments include: the Array legacy operating segment (Array Legacy Operations) and the STI Operations operating segment (STI Operations). It derives maximum revenue from the Array legacy operating segment. Its product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers referred to as a single-axis tracker that moves solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Geographically, the company's operations are in the United States, Australia, Spain, Brazil, and the rest of the world, with the United States deriving the majority of the revenue.
74GF Score
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