Tsit Wing International Holdings Limited (HKG:2119) Delivered A Better ROE Than Its Industry
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). To keep the lesson grounded in practicality, we’ll use ROE to better understand Tsit Wing International Holdings Limited (HKG:2119).
Over the last twelve months Tsit Wing International Holdings has recorded a ROE of 15%. Another way to think of that is that for every HK$1 worth of equity in the company, it was able to earn HK$0.15.
Check out our latest analysis for Tsit Wing International Holdings How Do You Calculate Return On Equity?
The formula for return on equity is:
Return on Equity = Net Profit ÷ Shareholders’ Equity
Or for Tsit Wing International Holdings:
15% = HK$82m ÷ HK$553m (Based on ...
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