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Article: Equipment Leasing Association Annual Survey Shows Leasing Remains Popular Growth in New Business Volume, Profitability Remains Strong.
- Article from:
- Business Wire
- Article date:
- August 9, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ARLINGTON, Va. -- The Equipment Leasing Association's (ELA) 2005 Survey of Industry Activity (SIA) report results, released today, reveal that leasing remains a prevalent financing vehicle for businesses acquiring equipment. Survey results show new business volume in 2004 was over $105.2 billion, which is an increase of 11.7 percent over 2003 findings - an important measure of leasing's growth. Leasing industry member respondents also report that profitability remains strong as seen by an average return on equity (ROE) and return on assets (ROA), of 13.3 percent and 1.7 percent respectively. ROE declined slightly compared to 2003 but remained above 2002 levels.
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