Read This Before Judging ReNew Energy Global Plc's (NASDAQ:RNW) ROE [Yahoo! Finance]
ReNew Energy Global plc - Class A Shares (RNW)
Company Research
Source: Yahoo! Finance
NASDAQ:RNW ), by way of a worked example. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. How Do You Calculate Return On Equity? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for ReNew Energy Global is: 1.3% = ?1.6b ÷ ?122b (Based on the trailing twelve months to June 2024). The 'return' is the amount earned after tax over the last twelve months. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.01. Does ReNew Energy Global Have A Good Return On Equity? By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. However, this method is only useful as a rough check, because comp
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News
- ReNew Energy Global PLC (RNW)'s Technical Outlook is Bright After Key Golden Cross [Yahoo! Finance]Yahoo! Finance
- ReNew Energy Global Plc Announces Receipt of Non-Binding Proposal from Masdar, CPP Investments, ADIA and Sumant Sinha and Establishment of a Special CommitteeBusiness Wire
- Why Is Renew Energy Global (RNW) Among the Best Up and Coming Stocks to Buy According to Analysts? [Yahoo! Finance]Yahoo! Finance
- ReNew Energy Global Second Quarter 2025 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- ReNew Announces Results for the Second Quarter for Fiscal Year 2025 (Q2 FY25), ended September 30, 2024Business Wire
RNW
Sec Filings
- 12/11/24 - Form 6-K
- 12/10/24 - Form SC
- 12/10/24 - Form SC
- RNW's page on the SEC website