Should You Be Worried About Altus Power, Inc.'s (NYSE:AMPS) 0.7% Return On Equity? [Yahoo! Finance]
Altus Power, Inc. Class A (AMPS)
Company Research
Source: Yahoo! Finance
NYSE:AMPS Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. How To Calculate Return On Equity? The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Altus Power is: 0.7% = US$4.0m ÷ US$563m (Based on the trailing twelve months to June 2024). The 'return' is the yearly profit. That means that for every $1 worth of shareholders' equity, the company generated $0.01 in profit. Does Altus Power Have A Good ROE? By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. If you look at the image below, you can see Altus Power has a lower
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News
- Altus Power Announces Acquisition of 3.4 MW Community Solar Development Project in Maryland from Chaberton Energy [Yahoo! Finance]Yahoo! Finance
- Altus Power Announces Acquisition of 3.4 MW Community Solar Development Project in Maryland from Chaberton EnergyBusiness Wire
- Altus Power Insider Ups Holding During Year [Yahoo! Finance]Yahoo! Finance
- Altus Power Inc (AMPS) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Strategic ... [Yahoo! Finance]Yahoo! Finance
- Altus Power, Inc. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
AMPS
Earnings
- 11/12/24 - Beat
AMPS
Sec Filings
- 11/20/24 - Form SC
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- AMPS's page on the SEC website