With its stock down 23% over the past month, it is easy to disregard Shanghai Anoky Group (SZSE:300067). To decide if this trend could continue, we decided to look at its weak fundamentals as they shape the long-term market trends. Specifically, we decided to study Shanghai Anoky Group’s ROE in this article.
Return on equity or ROE is a key measure used to assess how efficiently a company’s management is utilizing the company’s capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
View our latest analysis for Shanghai Anoky Group
How Is ROE Calculated?
The formula for return on equity is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders’ Equity
So, based on the above formula, the ROE for Shanghai Anoky Group is:
1.3% = CN¥33m ÷ CN¥2.6b (Based on the trailing twelve months to September 2024).
The ‘return’ refers to a company’s earnings…
