Vestand Inc. (VSTD) Return on equity 2022–2024
Vestand Inc. (VSTD) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-1043.8%FY2024 · since FY2022: -61.9% → -1043.8%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2024 | -1043.8% | -929.2 pp |
| FY2023 | -114.6% | -52.7 pp |
| FY2022 | -61.9% | — |
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