ROYALE ENERGY, INC. (ROYL) Return on equity 2018–2019
ROYALE ENERGY, INC. (ROYL) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-20.9%FY2019 · since FY2018: -1580.9% → -20.9%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2019 | -20.9% | +1560.0 pp |
| FY2018 | -1580.9% | — |
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