FULLNET COMMUNICATIONS INC (FULO) Return on equity 2020–2023
FULLNET COMMUNICATIONS INC (FULO) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
32.8%FY2023 · since FY2020: 213.5% → 32.8%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2023 | 32.8% | -15.2 pp |
| FY2022 | 48.0% | -17.9 pp |
| FY2021 | 65.9% | -147.6 pp |
| FY2020 | 213.5% | — |
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
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