NeoVolta Return On Equity from 2010 to 2024

NEOV Stock  USD 4.96  0.47  8.66%   
NeoVolta Common Return On Equity yearly trend continues to be fairly stable with very little volatility. Return On Equity will likely drop to -0.53 in 2024. Return On Equity is a measure of the profitability of NeoVolta Common Stock in relation to the equity, calculated by dividing net income by shareholder's equity. View All Fundamentals
 
Return On Equity  
First Reported
2010-12-31
Previous Quarter
(0.50)
Current Value
(0.53)
Quarterly Volatility
2.81323626
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check NeoVolta Common financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NeoVolta Common's main balance sheet or income statement drivers, such as Interest Expense of 0.0, Depreciation And Amortization of 32 K or Selling General Administrative of 4.2 M, as well as many indicators such as Price To Sales Ratio of 18.82, Dividend Yield of 0.0 or PTB Ratio of 12.51. NeoVolta financial statements analysis is a perfect complement when working with NeoVolta Common Valuation or Volatility modules.
  
Check out the analysis of NeoVolta Common Correlation against competitors.

Latest NeoVolta Common's Return On Equity Growth Pattern

Below is the plot of the Return On Equity of NeoVolta Common Stock over the last few years. Return on Equity is the amount of NeoVolta Common Stock net income returned as a percentage of NeoVolta Common equity. Return on equity measures NeoVolta Common profitability by revealing how much profit NeoVolta Common Stock generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. NeoVolta Common's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NeoVolta Common's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported -0.5710 Years Trend
Slightly volatile
   Return On Equity   
       Timeline  

NeoVolta Return On Equity Regression Statistics

Arithmetic Mean1.87
Coefficient Of Variation150.17
Mean Deviation2.65
Median4.35
Standard Deviation2.81
Sample Variance7.91
Range6.7901
R-Value(0.84)
Mean Square Error2.51
R-Squared0.71
Significance0.000089
Slope(0.53)
Total Sum of Squares110.80

NeoVolta Return On Equity History

2024 -0.53
2023 -0.5
2022 -0.41
2021 -2.22
2020 -2.44
2019 -0.44
2018 -0.2

About NeoVolta Common Financial Statements

NeoVolta Common investors use historical fundamental indicators, such as NeoVolta Common's Return On Equity, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in NeoVolta Common. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Return On Equity(0.50)(0.53)

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Additional Tools for NeoVolta Stock Analysis

When running NeoVolta Common's price analysis, check to measure NeoVolta Common's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NeoVolta Common is operating at the current time. Most of NeoVolta Common's value examination focuses on studying past and present price action to predict the probability of NeoVolta Common's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NeoVolta Common's price. Additionally, you may evaluate how the addition of NeoVolta Common to your portfolios can decrease your overall portfolio volatility.