NORTHERN MINERALS & EXPLORATION LTD. (NMEX) Return on equity
NORTHERN MINERALS & EXPLORATION LTD. (NMEX) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-85.3%FY2016
| Fiscal year | Value | YoY |
|---|---|---|
| FY2016 | -85.3% | — |
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