Is NewMarket Corporation's (NYSE:NEU) 35% ROE Better Than Average? [Yahoo! Finance]
NewMarket Corp (NEU)
US:NYSE Investor Relations:
newmarket.com/investorrelations/pages/investor_relations.aspx
Company Research
Source: Yahoo! Finance
By way of learning-by-doing, we'll look at ROE to gain a better understanding of NewMarket Corporation ( NYSE:NEU ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. View our latest analysis for NewMarket 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 NewMarket is: 35% = US$399m ÷ US$1.2b (Based on the trailing twelve months to March 2024). The 'return' is the income the business earned over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.35 in profit. Does NewMarket Have A Good Return On Equity? One simple way to determine if a company has a good return on equity is to compare it to the average f
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News
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- NewMarket Co. (NYSE: NEU) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- NewMarket Co. (NYSE: NEU) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- NewMarket Co. (NYSE: NEU) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- NewMarket Co. (NYSE: NEU) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
NEU
Sec Filings
- 6/10/24 - Form SC
- 5/29/24 - Form 11-K
- 4/25/24 - Form 8-K
- NEU's page on the SEC website