$.$ NATO

$-$ From $2014$ to $2023,$ there is a downward trend in NATO, dropping from $10$ in $2014$ to $5$ in $2023$ which is a $50\%$ decline. This decline indicates that Clicks is generating less revenue per unit of net asset over time. This trend could be due to increased investments in assets without a corresponding increase in sales or suboptimal asset utilization. Addressing this decline will be critical for improving overall efficiency and profitability. Net Assets have fallen slightly fallen which could mean assets in the company are not being efficiently used, this is also the case with Fixed assets turnover. How is it relatable to return on equity.