Should Electrovaya Inc. (TSE:ELVA) Focus On Improving This Fundamental Metric? [Yahoo! Finance]
Electrovaya Inc. (ELVA)
Company Research
Source: Yahoo! Finance
TSE:ELVA ), by way of a worked example. ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Simply put, it is used to assess the profitability of a company in relation to its equity capital. How Is ROE Calculated? 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 Electrovaya is: 7.8% = US$592k ÷ US$7.6m (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 CA$1 of shareholders' capital it has, the company made CA$0.08 in profit. Does Electrovaya Have A Good Return On Equity? Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. Importantly, this is far from a perfect measure, because companies differ significantly
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ELVA
News
- Electrovaya Receives Follow On Orders for High Voltage Battery Systems from Global Aerospace and Defense Company Following Extensive Testing [Yahoo! Finance]Yahoo! Finance
- Electrovaya Receives Follow On Orders for High Voltage Battery Systems from Global Aerospace and Defense Company Following Extensive Testing Accesswire
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ELVA
Sec Filings
- 11/21/24 - Form 6-K
- 11/15/24 - Form 6-K
- 11/14/24 - Form 6-K
- ELVA's page on the SEC website