The average return on equity declined from 26.16 to 19.82 percent, on the impacts of the decrease in return on net operating assets(RNOA) from 34.29 to 26.63 percent which is mainly caused by the drop in Net operating profit margin(NOPM) due to the decrease in profit margins. The company had no debts, but some of the funds of the company have been invested in financial assets, so it got RNFA rather than NBC and the positive spread reduces ROE.
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Ground services company: Return on equity analysis
Reviewed by Badraldin Alhaj
on
September 02, 2017
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Reviewed by Badraldin Alhaj
on
September 02, 2017
Rating:
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