MIND C.T.I. Ltd's (NASDAQ:MNDO) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue? [Yahoo! Finance]
MIND C.T.I. Ltd. - Ordinary Shares (MNDO)
US:NASDAQ Investor Relations:
mindcti.com/investor-information
Company Research
Source: Yahoo! Finance
However, we decided to pay attention to the company's fundamentals which don't appear to give a clear sign about the company's financial health. In this article, we decided to focus on MIND C.T.I's ROE. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. Check out our latest analysis for MIND C.T.I 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 MIND C.T.I is: 22% = US$5.0m ÷ US$23m (Based on the trailing twelve months to September 2023). The 'return' is the income the business earned over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.22 in profit. What Has ROE Got To Do With Earnings Growth?
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Sec Filings
- 3/26/24 - Form 6-K
- 3/18/24 - Form 20-F
- 3/6/24 - Form 6-K
- MNDO's page on the SEC website