A Closer Look At TransAlta Corporation's (TSE:TA) Impressive ROE [Yahoo! Finance]
TransAlta Corporation Ordinary Shares (TAC)
Last transalta corporation ordinary shares earnings: 3/4 07:00 am
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US:NYSE Investor Relations:
transalta.com/investors
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Source: Yahoo! Finance
TSE:TA 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. How Do You Calculate Return On Equity? 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 TransAlta is: 35% = CA$669m ÷ CA$1.9b (Based on the trailing twelve months to June 2024). The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each CA$1 of shareholders' capital it has, the company made CA$0.35 in profit. Does TransAlta Have A Good ROE? By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. The limitation of this approach is that some companies are quite different from others, e
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News
- Should Value Investors Buy TransAlta (TAC) Stock? [Yahoo! Finance]Yahoo! Finance
- TransAlta Announces Conversion Results for Series G and Series H Preferred SharesGlobeNewswire
- TransAlta Co. (NYSE: TAC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- TransAlta Co. (NYSE: TAC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Bank of Canada's latest rate cut to spur dividend stock rebound, analysts say [Yahoo! Finance Canada]Yahoo! Finance Canada
TAC
Earnings
- 8/1/24 - Beat
TAC
Sec Filings
- 9/17/24 - Form 6-K
- 9/3/24 - Form 6-K
- 8/22/24 - Form 6-K
- TAC's page on the SEC website