Is Global Industrial Company's (NYSE:GIC) Stock's Recent Performance Being Led By Its Attractive Financial Prospects? [Yahoo! Finance]
Global Industrial Company (GIC)
Company Research
Source: Yahoo! Finance
Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Specifically, we decided to study Global Industrial'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. Check out our latest analysis for Global Industrial How Do You Calculate Return On Equity? Return on equity 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 Global Industrial is: 28% = US$69m ÷ US$246m (Based on the trailing twelve months to September 2023). The 'return' is the income the business earned over the last year. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.28 in profit. What H
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GIC
News
- Global Industrial Company (NYSE:GIC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Bear of the Day: Ashtead Group (ASHTY) [Yahoo! Finance]Yahoo! Finance
- Global Industrial Company Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Global Industrial Company Reports First Quarter 2024 Financial Results Accesswire
- Global Industrial Company to Report First Quarter 2024 Results on April 30, 2024Accesswire
GIC
Earnings
- 4/30/24 - Miss
GIC
Sec Filings
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- 4/24/24 - Form DEF
- GIC's page on the SEC website