Massimo Group (NASDAQ:MAMO) Delivered A Better ROE Than Its Industry [Yahoo! Finance]
Massimo Group (MAMO)
Company Research
Source: Yahoo! Finance
NASDAQ:MAMO ), 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. Put another way, it reveals the company's success at turning shareholder investments into profits. How To Calculate Return On Equity? 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 Massimo Group is: 56% = US$14m ÷ US$25m (Based on the trailing twelve months to June 2024). The 'return' refers to a company's earnings over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.56 in profit. Does Massimo Group 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. However, this method is only useful as a rough check, because companies do diff
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MAMO
News
- Massimo Motor Enhances Production Efficiency with Advanced Robotic Technology; Launches New T-Boss 560L and 760L Models with Winter-Ready Features [Yahoo! Finance]Yahoo! Finance
- Massimo Motor Enhances Production Efficiency with Advanced Robotic Technology; Launches New T-Boss 560L and 760L Models with Winter-Ready FeaturesPR Newswire
- Massimo Motor Introduces MVR HVAC Golf Cart and Utility Carts: Revolutionizing Comfort and Functionality in Electric Carts [Yahoo! Finance]Yahoo! Finance
- Massimo Motor Introduces MVR HVAC Golf Cart and Utility Carts: Revolutionizing Comfort and Functionality in Electric CartsPR Newswire
- Massimo Marine and Vision Marine Technologies Announce Production Partnership for First Commercial Electric Pontoon Platform [Yahoo! Finance]Yahoo! Finance
MAMO
Sec Filings
- 12/26/24 - Form 4/A
- 12/20/24 - Form S-8
- 12/11/24 - Form 144
- MAMO's page on the SEC website