OMNITEK ENGINEERING CORP. (OMTK) Return on equity 2016–2018
OMNITEK ENGINEERING CORP. (OMTK) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-494.3%FY2018 · since FY2016: -70.3% → -494.3%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2018 | -494.3% | -276.9 pp |
| FY2017 | -217.4% | -147.1 pp |
| FY2016 | -70.3% | — |
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