• NIO average return on assets for 2023 was -21.26, a 72.71% decline from 2022.
• NIO average return on assets for 2022 was -12.31, a 27.76% increase from 2021.
• NIO average return on assets for 2021 was -17.04, a 57.77% decline 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.