• Watsco average return on assets for 2023 was 13.7, a 8.36% decline from 2022.
• Watsco average return on assets for 2022 was 14.95, a 26.8% decline from 2021.
• Watsco average return on assets for 2021 was 11.79, a 33.37% 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.