Is BitFuFu Inc.'s (NASDAQ:FUFU) ROE Of 61% Impressive? [Yahoo! Finance]
BitFuFu Inc. (FUFU)
Company Research
Source: Yahoo! Finance
This article is for those who would like to learn about Return On Equity (ROE). We'll use ROE to examine BitFuFu Inc. ( NASDAQ:FUFU ), 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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. View our latest analysis for BitFuFu How Is ROE Calculated? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for BitFuFu is: 61% = US$10m ÷ US$17m (Based on the trailing twelve months to December 2023). The 'return' is the yearly profit. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.61 in profit. Does BitFuFu Have A Good ROE? Arguably the easiest way to assess company's ROE is to compare it with the
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FUFU
News
- BitFuFu Inc. to Participate in the BITMAIN World Digital Mining Summit 2024 [Yahoo! Finance]Yahoo! Finance
- BitFuFu Inc. to Participate in the BITMAIN World Digital Mining Summit 2024GlobeNewswire
- BitFuFu Appoints Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- BitFuFu Appoints Chief Financial OfficerGlobeNewswire
- BitFuFu Inc. Reports Unaudited First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
FUFU
Sec Filings
- 5/31/24 - Form 6-K
- 5/20/24 - Form 424B3
- 5/20/24 - Form 6-K
- FUFU's page on the SEC website