Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how effecently a company utilizes investments to generate income.
For most industries Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
Elnet Return On Equity Assessment
Based on latest financial disclosure Elnet Technologies Ltd has Return On Equity of 13.52%. This is 175.66% lower than that of Technology sector, and 206.79% lower than that of Technical and System Software industry, The Return On Equity for all stocks is 334.32% lower than the firm.
Filter other Stocks by Return On Equity
Elnet is currently under evaluation in return on equity category among related companies.
Follow Elnet Return On Equity with Macroaxis syndicated feed, custom widget, or your favorite custom stock ticker
Other Elnet Fundamentals