Saudi Pak Leasing Company - SPLC - Stock Price and Chart
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SPLC Stock Price and Chart

Saudi Pak Leasing Company

Change: Rs. -0.16 (-0.09%)

2020-09-28
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1.85 1.69 1.37 1.85 122,500

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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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