With his stock down 6.5% in the past three months, it’s easy to overlook Casing Macron Technology (GTSM: 3325). However, a closer look at its strong financials might get you to think again. Since fundamentals usually determine long-term market outcomes, the business is worth considering. Specifically, we decided to study Casing Macron TechnologyROE in this article.
Return on equity or ROE is an important factor for a shareholder to consider because it tells them how effectively their capital is being reinvested. In simpler terms, it measures a company’s profitability in relation to equity.
See our latest analysis for Casing Macron Technology
How do you calculate return on equity?
ROE can be calculated using the formula:
Return on equity = net income (from continuing operations) ÷ equity
So, based on the above formula, Casing Macron’s ROE Technology East:
18% = 176 million NT $ ÷ 954 million NT $ (on the basis of the last twelve months …
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