Is Wellchange Holdings Company Limited's (NASDAQ:WCT) ROE Of 47% Impressive? [Yahoo! Finance]
Wellchange Holdings Company Limited - Ordinary shares (WCT)
Company Research
Source: Yahoo! Finance
NASDAQ:WCT Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. How Is ROE Calculated? 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 Wellchange Holdings is: 47% = US$938k ÷ US$2.0m (Based on the trailing twelve months to December 2023). The 'return' is the amount earned after tax over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.47 in profit. Does Wellchange Holdings 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. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry cla
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Sec Filings
- 10/3/24 - Form 6-K
- 10/2/24 - Form 424B4
- WCT's page on the SEC website