Is Open Text Corporation's (NASDAQ:OTEX) 3.2% ROE Worse Than Average? [Yahoo! Finance]
Open Text Corporation - Common Shares (OTEX)
Last open text corporation - common shares earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations:
investors.opentext.com/investor-relations
Company Research
Source: Yahoo! Finance
By way of learning-by-doing, we'll look at ROE to gain a better understanding of Open Text Corporation ( NASDAQ:OTEX Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. In short, ROE shows the profit each dollar generates with respect to its shareholder investments. Check out our latest analysis for Open Text How To 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 Open Text is: 3.2% = US$128m ÷ US$4.0b (Based on the trailing twelve months to December 2023). The 'return' refers to a company's earnings over the last year. That means that for every $1 worth of shareholders' equity, the company generated $0.03 in profit. Does Open Text Have A Good Return On Equity? Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. The limitation of
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OTEX
News
- Open Text (OTEX) Q3 Earnings Meet Estimates [Yahoo! Finance]Yahoo! Finance
- OpenText Reports Q3 F'24 Financial Results [Yahoo! Finance]Yahoo! Finance
- OpenText Reports Q3 F'24 Financial ResultsPR Newswire
- Sidetrade and SHS Viveon AG agree public tender offer for SHS Viveon AG [Yahoo! Finance]Yahoo! Finance
- OpenText Completes Divestiture of Application Modernization and Connectivity (AMC) Business to Rocket Software for $2.275B [Yahoo! Finance]Yahoo! Finance
OTEX
Earnings
- 5/2/24 - Beat
OTEX
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 5/1/24 - Form 8-K
- OTEX's page on the SEC website