Forbes Ret. on equity
What is the Ret. on equity of Forbes?
The Ret. on equity of Forbes & Company Limited is -140,817.62%
What is the definition of Ret. on equity?
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Ret. on equity of companies in the Industrials sector on BSE compared to Forbes
What does Forbes do?
Forbes & Company Limited manufactures, sells, and rents health, hygiene, and safety products in India and internationally. The company engages in manufacturing, selling, renting, and servicing vacuum cleaners, water filter cum purifiers, water and waste water treatment plants; and trading electronic air cleaning systems, small household appliances, digital security systems, fire extinguishers, etc. It also manufactures and trades in precision cutting tools, spring lock washers, and marking systems. In addition, the company offers note counting machines, electronic cash registers, point of sale machines, and various types of kiosks; Forbes Xpress that comprise sale of mobile recharge, and bill payments and money transfer; and transaction network and services, including maintenance, servicing and support services for kiosks and other devices. Further, it is involved in the real estate development activities, as well as rents out investment properties. Additionally, the company engages in the business of ship owners, charterers, etc. The company was founded in 1767 and is based in Mumbai, India. Forbes & Company Limited is a subsidiary of Shapoorji Pallonji and Company Private Limited.
Companies with ret. on equity similar to Forbes
- BioForce Nanosciences has Ret. on equity of -762,101.27%
- Forbes has Ret. on equity of -140,817.62%
- Asian Mineral Resources has Ret. on equity of -66,919.47%
- Safe Orthopaedics SA has Ret. on equity of -63,940.00%
- Abal plc has Ret. on equity of -48,340.56%
- Portofino Resources has Ret. on equity of -28,221.69%
- Netlinkz has Ret. on equity of -23,753.85%
- RenoWorks Software has Ret. on equity of -23,364.71%