Can New Fortress Energy Inc.'s (NASDAQ:NFE) ROE Continue To Surpass The Industry Average? [Yahoo! Finance]
New Fortress Energy Inc. - Class A (NFE)
Last new fortress energy inc. - class a earnings: 3/4 12:02 am
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Source: Yahoo! Finance
We'll use ROE to examine New Fortress Energy Inc. ( NASDAQ:NFE ), by way of a worked example. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Put another way, it reveals the company's success at turning shareholder investments into profits. View our latest analysis for New Fortress Energy 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 New Fortress Energy is: 31% = US$549m ÷ US$1.8b (Based on the trailing twelve months to December 2023). The 'return' is the amount earned after tax over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $0.31 in profit. Does New Fortress Energy Have A Good Return On Equity? One simple way to determine if a company has a good return on equity is to compare it to
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NFE
Earnings
- 2/29/24 - Beat
NFE
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- NFE's page on the SEC website