TIAN RUIXIANG Holdings Ltd (TIRXF) Return on equity 2019–2023
TIAN RUIXIANG Holdings Ltd (TIRXF) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-14.0%FY2023 · since FY2019: 15.0% → -14.0%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2023 | -14.0% | -9.0 pp |
| FY2022 | -5.0% | -12.3 pp |
| FY2021 | 7.3% | +5.0 pp |
| FY2020 | 2.3% | -12.7 pp |
| FY2019 | 15.0% | — |
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