Data Textile Mills - DATM - Stock Price and Chart
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DATM Stock Price and Chart

Data Textile Mills

Change Rs. -0.13 (-0.26%)

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0.63 0.50 0.50 0.62 20,144

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Return on Equity (ROE)

What you Need ?

Income Statement, Balance Sheet

Formula

Return on Equity = Net Income / Average Stockholder Equity

Meaning

Equity is another word for ownership. ROE tells you how good a company is at rewarding its shareholders for their investment. For example, if Company B reported $10,000 of net income and its shareholders have $200,000 in equity, its ROE is 5%. For every $1 of equity shareholders own, the company generates $0.05 in profits each year. As with ROA, higher is better.

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