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Novelis Inc   (NVLCN)
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Novelis Inc 's ROE per quarter

Return on Equity, Quarterly Results, Trends, Rankings, Statistics


What is ROE for Novelis Inc in the third quarter 2024?
Novelis Inc achieved a return on average equity (ROE) of 16.08 % in its third quarter 2024, which is below Novelis Inc 's average return on equity, which stands at 45.13%.

While the company's net income was fading, Novelis Inc was able to improve its ROE compared to the second quarter 2024.

Within the Miscellaneous Fabricated Products industry 15 other companies had a higher return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to 182, from total ROE ranking in the second quarter 2024 at 981.

What is ROE?



Return On Equity (Dec 31 2023)
III. Quarter
(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
Y / Y Equity Change 19.53 % 15.02 % 11.56 % 37.66 % -
Y / Y Net Income Change 908.33 % -14.21 % -49.02 % -27.78 % -95.42 %
Net Income (TTM) in Millions 590 481 507 657 717
Return On Equity (TTM) 16.08 % 13.7 % 14.94 % 19.93 % 23.43 %
NVLCN's Total Ranking # 182 # 981 # 1006 # 0 # 545
Equity (TTM) in Millions 3,886 3,623 3,715 3,454 3,251
Seq. Equity Change 7.26 % -2.48 % 7.56 % 6.24 % 3.21 %
Seq. Net Income Change -22.93 % 0.64 % 0 % 1200 % -93.44 %

Return On Equity Company Ranking
Within: No.
Industry # 16
Sector # 65
Overall # 182

Return On Equity Statistics
High Average Low
218.32 %
45.13 %
3.94 %
(Dec 31 2017)   (Sep 30 2020)





NVLCN Annual Return On Equity (Mar 31 2023)
2023
(Mar 31 2022)
2022
(Mar 31 2021)
2021
(Mar 31 2020)
2020
(Mar 31 2019)
2019
Total Equity in Millions 3,454 2,509 1,886 1,361 1,066
Y / Y Equity Change 37.66 % 33.03 % 38.57 % 27.67 % 29.53 %
Net Income in Millions 657 955 237 420 434
Y / Y Net Income Change -31.2 % 302.95 % -43.57 % -3.23 % -30.23 %
Return On Equity 19.02 % 38.06 % 12.57 % 30.86 % 40.71 %





Annual Roe Comment
In 2023 ROE decreased compared to the previous year to 19.02 %, due to deterioration of net income.


More Return On Equity Ratios
Miscellaneous Fabricated Products Industry Roe Trends and Statistics
Basic Materials Sector Return On Equity Statistics
NVLCN's' Return on Equity at Yahoo Finance
NVLCN's Roe Ratio versus Miscellaneous Fabricated Products Industry, Basic Materials Sector and overall Market
Highest Ranking Return On Equity
Lowest Ranking Return On Equity
Roe for NVLCN's Competitors
Return On Equity for Novelis Inc 's Suppliers
Roe for NVLCN's Customers




Companies with similar Return On Equity at Dec 31 2023, within Basic Materials Sector ROE
Newmarket Corporation  41.33 %
The Clorox Company  40.92 %
Clearwater Paper Corporation  39.92 %
Tecnoglass Inc   37.73 %
Knife River Corporation  37.41 %
Fmc Corporation  36.14 %
Cardinal Ethanol Llc  34.46 %
Unilever Plc  34.39 %
Wd 40 Company  33.52 %
Xpel Inc   33.18 %
Procter and Gamble Co  32.10 %
Trex Co Inc  31.69 %
Ati Inc   31.60 %
Crane Company  31.47 %
Southern Copper Corp  30.98 %
Sylvamo Corporation  29.86 %
Celanese Corporation  29.40 %
Janus International Group Inc   29.40 %
Steel Dynamics Inc   29.05 %
Silvercrest Metals Inc   29.01 %
Graphic Packaging Holding Co  28.68 %
Mueller Industries Inc   27.90 %
Flotek Industries Inc  27.71 %
Parker hannifin Corporation  25.07 %
Apogee Enterprises Inc   24.57 %
Avery Dennison Corporation  24.39 %
Hawkins Inc   24.01 %
Rpm International Inc   23.02 %
Orion S a   21.94 %
Crown Holdings Inc   21.56 %


Date modified: 2024-02-12T17:02:59+00:00



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