Should We Be Delighted With Globavend Holdings Limited's (NASDAQ:GVH) ROE Of 35%? [Yahoo! Finance]
Globavend Holdings Limited (GVH)
Company Research
Source: Yahoo! Finance
NASDAQ:GVH 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 Do You Calculate Return On Equity? 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 Globavend Holdings is: 35% = US$1.5m ÷ US$4.4m (Based on the trailing twelve months to March 2024). The 'return' is the yearly profit. That means that for every $1 worth of shareholders' equity, the company generated $0.35 in profit. Does Globavend Holdings Have A Good Return On Equity? By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. Pleasingly,
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GVH
Sec Filings
- 11/20/24 - Form SC
- 11/8/24 - Form EFFECT
- 10/31/24 - Form F-1/A
- GVH's page on the SEC website