What is ROE for Sci Engineered Materials Inc in the forth quarter 2023?
Sci Engineered Materials inc achieved a return on average equity (ROE) of
21.64 % in its forth quarter 2023, this is above SCIA's average return on equity of 10.52%.
Sci Engineered Materials Inc shareholder's equity over the 12 months ending in its forth quarter 2023 are valued at $10 million
ROE decreased relative to the period ending , due to the decline in net income.
Within the
Industrial Machinery and Components industry 18 other companies had a higher return on equity. While Return on equity, overall ranking has advanced in the quarter, so far to
445, from total ROE ranking in the third quarter 2023 at
581.
What is ROE?