Should We Be Cautious About Tenaga Nasional Berhad's (KLSE:TENAGA) ROE Of 4.3%? [Yahoo! Finance]
TENAGA NASIONAL BERHD ADR (TNABY)
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Source: Yahoo! Finance
We'll use ROE to examine Tenaga Nasional Berhad ( KLSE:TENAGA ), by way of a worked example. 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. Put another way, it reveals the company's success at turning shareholder investments into profits. Check out our latest analysis for Tenaga Nasional Berhad How Do You Calculate Return On Equity? 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 Tenaga Nasional Berhad is: 4.3% = RM2.6b ÷ RM61b (Based on the trailing twelve months to December 2023). The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each MYR1 of shareholders' capital it has, the company made MYR0.04 in profit. Does Tenaga Nasional Berhad Have A Good ROE? One simple way to determin
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