Enter the net operating income ($) and the net operating assets ($) into the Return on Net Operating Assets Calculator. The calculator will evaluate and display the Return on Net Operating Assets. 

Return on Net Operating Assets Formula

The following formula is used to calculate the Return on Net Operating Assets. 

RONOA = NOI / NOA * 100

  • Where RONOA is the Return on Net Operating Assets (%)
  • NOI is the net operating income ($) 
  • NOA is the net operating assets ($) 

How to Calculate Return on Net Operating Assets?

The following example problems outline how to calculate Return on Net Operating Assets.

Example Problem #1:

  1. First, determine the net operating income ($). 
    • The net operating income ($) is given as: 25,000.
  2. Next, determine the net operating assets ($). 
    • The net operating assets ($) is provided as: 100,000.
  3. Finally, calculate the Return on Net Operating Assets using the equation above: 

RONOA = NOI / NOA * 100

The values given above are inserted into the equation below and the solution is calculated:

RONOA = 25,000 / 100,000 * 100 = 25 (%)

Example Problem #2: 

For this problem, the variables needed are provided below:

net operating income ($) = 30,000

net operating assets ($) = 200,000

This example problem is a test of your knowledge on the subject. Use the calculator above to check your answer. 

RONOA = NOI / NOA * 100 = ?