Return on Assets Analysis of 3M Company (MMM)

When making an analysis of an industrial conglomerate such as 3M Company  (NYSE: MMM  ) , many investors settle on comparing segmental operating margins. However, a deeper analysis would also involve looking at segmental return on assets, or ROA -- defined here as segmental income divided by assets. This is a useful measure that helps investors to understand how the company makes best use of its assets and where it should invest for growth. Let's see how this applies to 3M.


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