ROE
Return on equity
How it is worked out
Net income ÷ shareholders' equity × 100Shareholders' equity is assets minus liabilities: the book value the owners have in the business. Borrowing money or buying back shares shrinks it and lifts this ratio without the business having improved.
How to read it
flattered by leverage and by buybacks, both of which shrink the denominator without improving the business. Read next to return on capital, which cannot be moved that way
Highest on this measure
| # | Company | ROE |
|---|---|---|
| 1 | CL COLGATE-PALMOLIVE COMPANY | 863.14% |
| 2 | UNIT Uniti Group Inc. | 807.86% |
| 3 | HRB H&R Block, Inc. | 624.40% |
| 4 | BYND BEYOND MEAT, INC. | 509.37% |
| 5 | AMRX Amneal Pharmaceuticals, Inc. | 476.51% |
| 6 | LASTIK.HE Luotea Oyj | 393.43% |
| 7 | MAX MediaAlpha, Inc. | 342.17% |
| 8 | SNWS.L SMITHS NEWS PLC | 297.89% |
Which figures it needs
Computed from 2 figures taken from the filing:
net_incomeequity
The XBRL tags behind it
These are the element names looked for in a filing, in order. The first one a company reports is the one used, and the company page names which it was — so any figure here can be checked against the filing it came from.
NetIncomeLossProfitLossNetIncomeLossAvailableToCommonStockholdersBasicStockholdersEquityStockholdersEquityIncludingPortionAttributableToNoncontrollingInterestEquityAttributableToOwnersOfParentEquity
Whether it counts
This measure is not counted by default. It can be added to Quality on the dashboard, and it then takes its share of that dimension.