Declining Stock and Decent Financials: Is The Market Wrong About Lichen China Limited (NASDAQ:LICN)? [Yahoo! Finance]
Lichen China Limited - Class A Ordinary Shares (LICN)
Company Research
Source: Yahoo! Finance
However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Particularly, we will be paying attention to Lichen China's ROE today. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits. See our latest analysis for Lichen China Return on equity 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 Lichen China is: 11% = US$7.7m ÷ US$70m (Based on the trailing twelve months to June 2024). The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.11 in profit. So far, we've learned that ROE is a measure of a company's prof
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LICN
News
- Lichen China Limited Announces $2.8 Million Registered Direct Offering [Yahoo! Finance]Yahoo! Finance
- Lichen China Limited Announces $2.8 Million Registered Direct OfferingPR Newswire
- Lichen China Limited Prepared To Launch Its AI Large-scale Model Developed With JD Technology [Yahoo! Finance]Yahoo! Finance
- Lichen China Limited Prepared To Launch Its AI Large-scale Model Developed With JD TechnologyPR Newswire
- Univest Securities, LLC Announces Closing of $2.7 Million Registered Direct Offering for its Client Lichen China Limited (NASDAQ: LICN) [Yahoo! Finance]Yahoo! Finance
LICN
Sec Filings
- 12/18/24 - Form SCHEDULE
- 12/17/24 - Form 6-K
- 12/17/24 - Form 6-K
- LICN's page on the SEC website