FORMULA SYSTEMS (1985) LTD. (FORTY) Return on equity 2016–2024
FORMULA SYSTEMS (1985) LTD. (FORTY) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
11.7%FY2024 · since FY2016: 6.7% → 11.7%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2024 | 11.7% | +1.5 pp |
| FY2023 | 10.2% | -4.5 pp |
| FY2022 | 14.7% | +4.7 pp |
| FY2021 | 10.1% | +0.8 pp |
| FY2020 | 9.3% | +0.1 pp |
| FY2019 | 9.2% | +0.4 pp |
| FY2018 | 8.8% | +5.9 pp |
| FY2017 | 2.9% | -3.8 pp |
| FY2016 | 6.7% | — |
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