Should You Be Excited About Ashtead Group plc's (LON:AHT) 21% Return On Equity? [Yahoo! Finance]
ASHTED GRP PLC UNSP/ADR (ASHTY)
NASDAQ:AMEX Investor Relations:
ashtead-group.com/investorcentre/default.aspx
Company Research
Source: Yahoo! Finance
LON:AHT ), by way of a worked example. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. How Is ROE Calculated? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Ashtead Group is: 21% = US$1.6b ÷ US$7.4b (Based on the trailing twelve months to July 2024). The 'return' is the profit over the last twelve months. So, this means that for every £1 of its shareholder's investments, the company generates a profit of £0.21. Does Ashtead Group 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. The limitation of this approach is that some companies are quite different from others, even
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