Should We Be Delighted With TOYO Co., Ltd's (NASDAQ:TOYO) ROE Of 17%? [Yahoo! Finance]
TOYO Co., Ltd - Ordinary Shares (TOYO)
Company Research
Source: Yahoo! Finance
To keep the lesson grounded in practicality, we'll use ROE to better understand TOYO Co., Ltd ( NASDAQ:TOYO 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. Simply put, it is used to assess the profitability of a company in relation to its equity capital. See our latest analysis for TOYO How Is ROE Calculated? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for TOYO is: 17% = US$9.9m ÷ US$57m (Based on the trailing twelve months to December 2023). The 'return' refers to a company's earnings over the last year. So, this means that for every $1 of its shareholder's investments, the company generates a profit of $0.17. Does TOYO Have A Good ROE? Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. However, this method is only
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TOYO
News
- TOYO Co., Ltd to Present at the H.C. Wainwright 26th Annual Global Investment ConferencePR Newswire
- TOYO Co., Ltd Announces First Half 2024 Unaudited Financial ResultsPR Newswire
- TOYO Co., Ltd to Ring the Nasdaq Closing Bell on Thursday, August 22, 2024PR Newswire
- TOYO Co., Ltd to Report Unaudited First Half 2024 Financial Results on August 21, 2024PR Newswire
- TOYO Co., Ltd Announces Consummation of Business Combination and Debut on NasdaqPR Newswire
TOYO
Sec Filings
- 8/23/24 - Form 6-K
- 8/20/24 - Form 6-K
- 7/8/24 - Form 20-F
- TOYO's page on the SEC website