Norris Industries, Inc. (NRIS) Return on equity 2017–2019
Norris Industries, Inc. (NRIS) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-149.4%FY2019 · since FY2017: -267.7% → -149.4%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2019 | -149.4% | +43.3 pp |
| FY2018 | -192.7% | +74.9 pp |
| FY2017 | -267.7% | — |
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