Summit Networks Inc. Annual Return On Equity in % from 2015 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
Summit Networks Inc. quarterly/annual Return On Equity history and growth rate from 2015 to 2023.
  • Summit Networks Inc. Return On Equity for the quarter ending June 30, 2024 was 6.29 %, a 40.5% decline year-over-year.
  • Summit Networks Inc. annual Return On Equity for 2023 was -3.87 %, a 128% decline from 2022.
  • Summit Networks Inc. annual Return On Equity for 2022 was 14 %, a 82.6% decline from 2021.
  • Summit Networks Inc. annual Return On Equity for 2021 was 80.5 %, a 12.5% decline from 2020.
Return On Equity, Annual (%)
Return On Equity, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 -3.87 -17.9 -128% Oct 1, 2022 Sep 30, 2023
2022 14 -66.5 -82.6% Oct 1, 2021 Sep 30, 2022
2021 80.5 -11.5 -12.5% Oct 1, 2020 Sep 30, 2021
2020 92 -111 -54.6% Aug 1, 2019 Jul 31, 2020
2019 203 +35 +20.8% Aug 1, 2018 Jul 31, 2019
2018 168 +295 Aug 1, 2017 Jul 31, 2018
2017 -127 -73.2 -136% Aug 1, 2016 Jul 31, 2017
2016 -53.9 +25.7 +32.2% Aug 1, 2015 Jul 31, 2016
2015 -79.6 Aug 1, 2014 Jul 31, 2015
* An asterisk sign (*) next to the value indicates that the value is likely invalid.