MODULAR MEDICAL, INC. (MODD) Return on equity 2017–2018
MODULAR MEDICAL, INC. (MODD) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-15.3%FY2018 · since FY2017: -8.2% → -15.3%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2018 | -15.3% | -7.1 pp |
| FY2017 | -8.2% | — |
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