Is New Jersey Resources Corporation's (NYSE:NJR) 11% ROE Better Than Average? [Yahoo! Finance]
NewJersey Resources Corporation (NJR)
Last newjersey resources corporation earnings: 2/6 07:00 am
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US:NYSE Investor Relations:
investor.njresources.com
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Source: Yahoo! Finance
This article is for those who would like to learn about Return On Equity (ROE). To keep the lesson grounded in practicality, we'll use ROE to better understand New Jersey Resources Corporation ( NYSE:NJR 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 other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. Check out our latest analysis for New Jersey Resources 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 New Jersey Resources is: 11% = US$236m ÷ US$2.1b (Based on the trailing twelve months to June 2024). The 'return' is the profit over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.11 in profit. Arguably the easiest
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NJR
News
- New Jersey Board of Public Utilities Approves New Rates for New Jersey Natural Gas [Yahoo! Finance]Yahoo! Finance
- New Jersey Board of Public Utilities Approves New Rates for New Jersey Natural GasBusiness Wire
- New Jersey Resources Co. (NYSE: NJR) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- New Jersey Resources Board of Directors Declares Quarterly DividendBusiness Wire
- New Jersey Natural Gas Receives Approval for Its Largest Ever Energy-efficiency ProgramBusiness Wire
NJR
Earnings
- 8/6/24 - Miss
NJR
Sec Filings
- 11/21/24 - Form 8-K
- 11/12/24 - Form 8-K
- 11/8/24 - Form 4
- NJR's page on the SEC website