THE ARENA GROUP HOLDINGS, INC. (AREN) Return on equity
THE ARENA GROUP HOLDINGS, INC. (AREN) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-210.6%FY2017
| Fiscal year | Value | YoY |
|---|---|---|
| FY2017 | -210.6% | — |
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