NOVELSTEM INTERNATIONAL CORP. (NSTM) Return on equity 2009–2012
NOVELSTEM INTERNATIONAL CORP. (NSTM) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
41.7%FY2012 · since FY2009: -17.3% → 41.7%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2012 | 41.7% | +88.8 pp |
| FY2011 | -47.1% | -60.1 pp |
| FY2010 | 13.0% | +30.3 pp |
| FY2009 | -17.3% | — |
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