Are Robust Financials Driving The Recent Rally In Perma-Pipe International Holdings, Inc.'s (NASDAQ:PPIH) Stock? [Yahoo! Finance]
Perma-Pipe International Holdings, Inc. (PPIH)
US:NASDAQ Investor Relations:
investors.permapipe.com
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 Perma-Pipe International Holdings' ROE in this article. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. View our latest analysis for Perma-Pipe International Holdings How Do You Calculate Return On Equity? ROE 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 Perma-Pipe International Holdings is: 11% = US$6.6m ÷ US$61m (Based on the trailing twelve months to October 2023). The 'return' is the profit over the last twelve months. That means that for every $1 worth of shareholders' equity, the company generated $
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News
- Perma-Pipe International Holdings, Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Perma-Pipe International Holdings, Inc. Announces Fourth Quarter and Fiscal 2023 Financial ResultsBusiness Wire
- Those who invested in Perma-Pipe International Holdings (NASDAQ:PPIH) three years ago are up 23% [Yahoo! Finance]Yahoo! Finance
PPIH
Sec Filings
- 4/26/24 - Form 10-K
- 4/26/24 - Form 8-K
- 2/9/24 - Form SC
- PPIH's page on the SEC website