A Closer Look At Ashtead Group plc's (LON:AHT) Impressive ROE [Yahoo! Finance]
ASHTED GRP PLC UNSP/ADR (ASHTY)
NASDAQ:AMEX Investor Relations:
ashtead-group.com/investorcentre/default.aspx
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Source: Yahoo! Finance
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 Ashtead Group plc ( LON:AHT Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital. Check out our latest analysis for Ashtead Group How To Calculate Return On Equity? ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Ashtead Group is: 24% = US$1.6b ÷ US$6.9b (Based on the trailing twelve months to January 2024). The 'return' refers to a company's earnings over the last year. One way to conceptualize this is that for each £1 of shareholders' capital it has, the company made £0.24 in profit. Does Ash
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News
- Ashtead Group (LON:AHT) Has More To Do To Multiply In Value Going Forward [Yahoo! Finance]Yahoo! Finance
- Sequoia Fund - Ashtead Group: Highly Likely To Be A Bigger Business In The Future [Seeking Alpha]Seeking Alpha
- SIEGY or ASHTY: Which Is the Better Value Stock Right Now? [Yahoo! Finance]Yahoo! Finance
- Ashtead Group Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Ashtead, commodity stocks drag FTSE 100 to near three-week lows [Reuters]Reuters