Should You Be Concerned About National Grid plc's (LON:NG.) ROE? [Yahoo! Finance]
National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG)
US:NYSE Investor Relations:
investors.nationalgrid.com
Company Research
Source: Yahoo! Finance
We'll use ROE to examine National Grid plc ( LON:NG. ), by way of a worked example. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital. Check out our latest analysis for National Grid How Do You Calculate Return On Equity? The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for National Grid is: 8.7% = UK£2.6b ÷ UK£29b (Based on the trailing twelve months to September 2023). The 'return' is the profit over the last twelve months. Another way to think of that is that for every £1 worth of equity, the company was able to earn £0.09 in profit. Does National Grid Have A Good Return On Equity? By comparing a company's ROE with its industry average, we can get a quick measure of how good it is. Importantly, this is far
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NGG
Sec Filings
- 4/30/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/10/24 - Form 6-K
- NGG's page on the SEC website