Andretti Acquisition Ret. on equity
What is the Ret. on equity of Andretti Acquisition?
The Ret. on equity of Andretti Acquisition Corp. is 7.33%
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 Finance sector on NYSE compared to Andretti Acquisition
Companies with ret. on equity similar to Andretti Acquisition
- Julius Bär Gruppe AG has Ret. on equity of 7.31%
- JACQUET Metal Service SA has Ret. on equity of 7.32%
- Jade Power Trust has Ret. on equity of 7.32%
- United Industrial has Ret. on equity of 7.32%
- Pacira BioSciences Inc has Ret. on equity of 7.32%
- Fortive has Ret. on equity of 7.33%
- Andretti Acquisition has Ret. on equity of 7.33%
- Inke has Ret. on equity of 7.33%
- Shankara Building Products has Ret. on equity of 7.34%
- Ashnoor Textile Mills has Ret. on equity of 7.34%
- First Midwest Bancorp Inc Dep R has Ret. on equity of 7.34%
- Advanced Micro-Fabrication Equipment China has Ret. on equity of 7.34%
- F.N.B has Ret. on equity of 7.34%