Is Shree Cement Limited’s (NSE:SHREECEM) ROE Of 13% Impressive?



  • Summary:

     

    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). By way of learning-by-doing, we’ll look at ROE to gain a better understanding of Shree Cement Limited (NSE:SHREECEM).

    Our data shows Shree Cement has a return on equity of 13% for the last year. One way to conceptualize this, is that for each ₹1 of shareholders’ equity it has, the company made ₹0.13 in profit.

    Check out our latest analysis for Shree Cement How Do You Calculate ROE?

    The formula for ROE is:

    Return on Equity = Net Profit ÷ Shareholders’ Equity

    Or for Shree Cement:

    13% = ₹14b ÷ ₹103b (Based on the trailing twelve months to September 2019.)

    Most know that net profit is the total earni ...

     

     

    Read Full News: https://simplywall.st/stocks/in/materials/nse-shreecem/shree-cement-shares/news/is-shree-cement-limiteds-nseshreecem-roe-of-13-impressive/


Log in to reply