U.S. GOLD CORP. (USAU) Return on equity

U.S. GOLD CORP. (USAU) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.

-36.9%FY2017

Fiscal year	Value	YoY
FY2017	-36.9%	—

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

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