Return on Equity
Return on Equity
Hello guys! Could you give some help, from which numbers do the "Return on Equity" (in Corporate Details -> Rankings) comes? I mean I known the basic formula I guess, but my calculations never hit this number in this Rankings.
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David
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Re: Return on Equity
It is calculated by dividing the company's net profit in the past 12 months (instead of the annual profit in the calendar year) by shareholders' equity.