TEL INSTRUMENT ELECTRONICS CORP Annual Return On Equity in % from 2019 to 2023

Taxonomy & unit
ratio: %
Description
Return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.
Summary
Tel Instrument Electronics Corp annual/quarterly Return On Equity history and growth rate from 2019 to 2023.
  • Tel Instrument Electronics Corp Return On Equity for the quarter ending June 30, 2023 was 2.41 %, a 69.2% decline year-over-year.
  • Tel Instrument Electronics Corp annual Return On Equity for 2023 was 5.95 %.
  • Tel Instrument Electronics Corp annual Return On Equity for 2022 was -6.13 %, a 124% decline from 2021.
  • Tel Instrument Electronics Corp annual Return On Equity for 2021 was 25.5 %, a 23.4% decline from 2020.
Return On Equity, Annual (%)
Return On Equity, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 5.95 +12.1 Apr 1, 2023 Mar 31, 2024
2022 -6.13 -31.6 -124% Apr 1, 2022 Mar 31, 2023
2021 25.5 -7.78 -23.4% Apr 1, 2021 Mar 31, 2022
2020 33.3 +417 Apr 1, 2020 Mar 31, 2021
2019 -383 Apr 1, 2019 Mar 31, 2020
* An asterisk sign (*) next to the value indicates that the value is likely invalid.