• Heico average return on assets for 2023 was 8.21, a 12.1% decline from 2022.
• Heico average return on assets for 2022 was 9.34, a 18.98% decline from 2021.
• Heico average return on assets for 2021 was 7.85, a 28.7% 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.