VALE S.A. (VALE) Return on equity 2007–2012
VALE S.A. (VALE) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
7.4%FY2012 · since FY2007: 33.4% → 7.4%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2012 | 7.4% | -22.0 pp |
| FY2011 | 29.4% | +4.4 pp |
| FY2010 | 25.1% | +15.7 pp |
| FY2009 | 9.4% | -21.7 pp |
| FY2008 | 31.1% | -2.3 pp |
| FY2007 | 33.4% | — |
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