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 Funding from the Government of CanadaAccesswire
- Electrovaya and Innovative Rail Technologies Enter into Strategic Supply Agreement for the Supply of Battery Systems for Electric Rail ApplicationsAccesswire
- Electrovaya Inc. (NASDAQ: ELVA) is now covered by analysts at Alliance Global Partners. They set a "buy" rating and a $5.00 price target on the stock.MarketBeat
- Electrovaya Receives Initial Purchase Orders from Global Japanese Construction Equipment ManufacturerAccesswire
- These Analysts Just Made A Meaningful Downgrade To Their Electrovaya Inc. (TSE:ELVA) EPS Forecasts [Yahoo! Finance]Yahoo! Finance
ELVA
Sec Filings
- 10/17/24 - Form 6-K
- 9/30/24 - Form 6-K
- 9/26/24 - Form EFFECT
- ELVA's page on the SEC website