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Taxonomy & unit
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ratio: %
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Description
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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.
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Summary
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Phoenix Motor Inc. quarterly/annual Return On Equity history and growth rate from Q4 2021 to Q2 2024.
- Phoenix Motor Inc. Return On Equity for the quarter ending June 30, 2024 was -18.8 %, a 84.6% increase year-over-year.
- Phoenix Motor Inc. annual Return On Equity for 2023 was -442 %, a 391% decline from 2022.
- Phoenix Motor Inc. annual Return On Equity for 2022 was -90.2 %, a 11.4% decline from 2021.
Return On Equity, Quarterly (%)
Return On Equity, YoY Quarterly Growth (%)