• Applied Materials average return on assets for 2023 was 23.41, a 9.93% decline from 2022.
• Applied Materials average return on assets for 2022 was 25.99, a 24.41% decline from 2021.
• Applied Materials average return on assets for 2021 was 20.89, a 34.6% increase from 2020.

Roa - return on assets can be defined as an indicator of how profitable a company is relative to its total assets. Calculated by dividing a company's operating earnings by its total assets.