IIOT-OXYS, INC. (ITOX) Return on equity 2016–2017
IIOT-OXYS, INC. (ITOX) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-1946.4%FY2017 · since FY2016: -2.2% → -1946.4%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2017 | -1946.4% | -1944.2 pp |
| FY2016 | -2.2% | — |
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