Norris Industries, Inc. (NRIS) Return on equity 2018–2019
Norris Industries, Inc. (NRIS) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-413.2%FY2019 · since FY2018: -132.3% → -413.2%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2019 | -413.2% | -280.9 pp |
| FY2018 | -132.3% | — |
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
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