ENVERIC BIOSCIENCES, INC. (ENVB) Return on equity 2016–2017
ENVERIC BIOSCIENCES, INC. (ENVB) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-46.7%FY2017 · since FY2016: -23.8% → -46.7%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2017 | -46.7% | -22.8 pp |
| FY2016 | -23.8% | — |
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