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Definition of "average": geometric or arithmetic?
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TOPIC: Definition of "average": geometric or arithmetic?

Definition of "average": geometric or arithmetic? 5 years, 2 months ago #182

How is "average" defined (for example in ROA 5_yr average). Is it the geometric or arithmetric mean?
Sebastian

Re: Definition of "average": geometric or arithmetic? 5 years, 2 months ago #183

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You can find data definitions using the search functionality in the upper right of the Screener.co site. For example, the "Return on average assets-5 year average" definition is:

screener.co/component/content/article/55...314-text-and-article

"This value is calculated by first determining the annual Return on Assets for each of the 5 most recent fiscal years and then averaging the resulting values. The Return on Assets is the annual Income After Taxes divided by the Average Total Assets, expressed as a percentage."
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