• Woodward average return on assets for 2023 was 5.62, a 28.31% increase from 2022.
• Woodward average return on assets for 2022 was 4.38, a 15.12% increase from 2021.
• Woodward average return on assets for 2021 was 5.16, a 17.31% 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.