Did Array Technologies, Inc. (NASDAQ:ARRY) Use Debt To Deliver Its ROE Of 12%? [Yahoo! Finance]
Array Technologies, Inc. (ARRY)
Last array technologies, inc. earnings: 5/7 08:00 am
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US:NASDAQ Investor Relations:
investor.arraybiopharma.com/investor-overview
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Source: Yahoo! Finance
NASDAQ:ARRY ), by way of a worked example. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. How Do You Calculate Return On Equity? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Array Technologies is: 12% = US$70m ÷ US$578m (Based on the trailing twelve months to June 2024). The 'return' is the profit over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.12 in profit. Does Array Technologies Have A Good Return On Equity? One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. Importantly, this
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ARRY
News
- ARRAY Announces $3 Million Investment in Swap Robotics to Drive Automation in PV Installation [Yahoo! Finance]Yahoo! Finance
- ARRAY Announces $3 Million Investment in Swap Robotics to Drive Automation in PV InstallationGlobeNewswire
- ARRAY Technologies Appoints Two Industry Veterans to Lead EMEA [Yahoo! Finance]Yahoo! Finance
- ARRAY Technologies Appoints Two Industry Veterans to Lead EMEAGlobeNewswire
- Array Technologies Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
ARRY
Earnings
- 11/7/24 - Beat
ARRY
Sec Filings
- 11/19/24 - Form 4
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- ARRY's page on the SEC website