Hira Textile Mills - HIRAT - Stock Price and Chart
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HIRAT Stock Price and Chart

Hira Textile Mills

Change Rs. 0.05 (0.01%)

2019-06-19
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3.55 3.60 3.55 3.62 23,000

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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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