Is Raytech Holding Limited (NASDAQ:RAY) A High Quality Stock To Own? [Yahoo! Finance]
Raytech Holding Limited - ordinary shares (RAY)
Company Research
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 Raytech Holding Limited ( NASDAQ:RAY Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. View our latest analysis for Raytech Holding The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Raytech Holding is: 32% = HK$9.9m ÷ HK$31m (Based on the trailing twelve months to March 2024). The 'return' is the yearly profit. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.32 in profit. Arguably the easiest way to assess company's ROE is to compare it with the ave
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RAY
Sec Filings
- 12/10/24 - Form S-8
- 11/18/24 - Form SC
- 10/28/24 - Form 6-K
- RAY's page on the SEC website