Hitek Global Inc. (NASDAQ:HKIT) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock? [Yahoo! Finance]
Hitek Global Inc. - Class A Ordinary Share (HKIT)
Company Research
Source: Yahoo! Finance
across the board and that makes us question whether or not the company's current share price momentum can be maintained. Specifically, we decided to study Hitek Global's ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital. See our latest analysis for Hitek Global 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 Hitek Global is: 3.7% = US$1.0m ÷ US$28m (Based on the trailing twelve months to December 2023). The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.04 in profit. What Is The Relationship Between ROE And Earnings Growth? T
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Sec Filings
- 10/30/24 - Form F-3/A
- 10/29/24 - Form 6-K
- 9/9/24 - Form DEL
- HKIT's page on the SEC website