Marco Polo Marine’s (SGX:5LY) stock is up by 1.9% over the past month. Given its impressive performance, we decided to study the company’s key financial indicators as a company’s long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Marco Polo Marine’s ROE.
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.
View our latest analysis for Marco Polo Marine
Return on equity 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 Marco Polo Marine is:
12% = S$24m ÷ S$201m (Based on the trailing twelve months to September 2024).
The ‘return’ refers to a company’s…
