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
More FORTY financial trends
FORTY RevenueFORTY Net incomeFORTY Net marginFORTY Gross profitFORTY Gross marginFORTY Operating incomeFORTY Operating marginFORTY Operating cash flowFORTY Free cash flowFORTY Capital expendituresFORTY Stock buybacksFORTY Dividends paidFORTY Total assetsFORTY Total liabilitiesFORTY Shareholders’ equityFORTY overview →