Is FLEX LNG Ltd.'s (NYSE:FLNG) 16% ROE Better Than Average? [Yahoo! Finance]
FLEX LNG Ltd. Ordinary Shares (FLNG)
Company Research
Source: Yahoo! Finance
To keep the lesson grounded in practicality, we'll use ROE to better understand FLEX LNG Ltd. ( NYSE:FLNG 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 short, ROE shows the profit each dollar generates with respect to its shareholder investments. See our latest analysis for FLEX LNG How Do You 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 FLEX LNG is: 16% = US$137m ÷ US$841m (Based on the trailing twelve months to March 2024). The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.16 in profit. Does FLEX LNG Have A Good ROE? One simple way to determine if a company has a good return on equity is to compare it to the average for its industry. Importantl
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FLNG
News
- Flex LNG - Ex Date Q2 2024 [Yahoo! Finance]Yahoo! Finance
- Flex LNG - Ex Date Q2 2024PR Newswire
- FLEX LNG's (NYSE:FLNG) investors will be pleased with their fantastic 308% return over the last five years [Yahoo! Finance]Yahoo! Finance
- Second ‘Dark-Fleet' LNG Ship Departs Sanctioned Russian Terminal [BNN Bloomberg (Canada)]BNN Bloomberg
- Second 'Dark-Fleet' LNG Ship Departs Sanctioned Russian Terminal [Financial Post (Toronto, Ontario, Canada)]Financial Post
FLNG
Earnings
- 8/14/24 - Beat
FLNG
Sec Filings
- 8/15/24 - Form 6-K
- 8/14/24 - Form 6-K
- FLNG's page on the SEC website