Can Electrovaya Inc. (TSE:ELVA) Improve Its Returns? [Yahoo! Finance]
Electrovaya Inc. (ELVA)
Company Research
Source: Yahoo! Finance
To keep the lesson grounded in practicality, we'll use ROE to better understand Electrovaya Inc. ( TSE:ELVA 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. Put another way, it reveals the company's success at turning shareholder investments into profits. Check out our latest analysis for Electrovaya How To Calculate Return On Equity? 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 Electrovaya is: 12% = US$894k ÷ US$7.5m (Based on the trailing twelve months to December 2023). The 'return' is the yearly profit. One way to conceptualize this is that for each CA$1 of shareholders' capital it has, the company made CA$0.12 in profit. Does Electrovaya Have A Good Return On Equity? Arguably the easiest way to assess company's ROE is to compare it with the
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ELVA
News
- Electrovaya Presenting at the Upcoming EXIM Bank Annual Conference [Yahoo! Finance]Yahoo! Finance
- Electrovaya Presenting at the Upcoming EXIM Bank Annual Conference Accesswire
- Electrovaya Announces date for Q2-2024 Financial Results & Conference Call [Yahoo! Finance]Yahoo! Finance
- Electrovaya Announces date for Q2-2024 Financial Results & Conference Call Accesswire
- Electrovaya signs supply deal with Sumitomo for its lithium-ion battery products Apr. 29, 2024 8:45 AM ET By: Jaskiran Singh , SA News Editor [Seeking Alpha]Seeking Alpha
ELVA
Sec Filings
- 5/6/24 - Form 6-K
- 5/2/24 - Form 6-K
- 4/29/24 - Form 6-K
- ELVA's page on the SEC website