TANKE BIOSCIENCES CORP (TNBI) Return on equity 2010–2012
TANKE BIOSCIENCES CORP (TNBI) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-1.3%FY2012 · since FY2010: 33.5% → -1.3%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2012 | -1.3% | +18.4 pp |
| FY2011 | -19.8% | -53.3 pp |
| FY2010 | 33.5% | — |
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