FORGE INNOVATION DEVELOPMENT CORP. (FGNV) Return on equity 2017–2024
FORGE INNOVATION DEVELOPMENT CORP. (FGNV) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-120.0%FY2024 · since FY2017: -37.6% → -120.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2024 | -120.0% | -80.5 pp |
| FY2023 | -39.6% | — |
| FY2020 | -156.0% | -102.1 pp |
| FY2019 | -53.9% | -13.6 pp |
| FY2018 | -40.3% | -2.7 pp |
| FY2017 | -37.6% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice