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Taxonomy & unit
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ratio: %
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Description
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Return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.
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Summary
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Tel Instrument Electronics Corp annual/quarterly Return On Equity history and growth rate from Q4 2018 to Q2 2023.
- Tel Instrument Electronics Corp Return On Equity for the quarter ending June 30, 2023 was 2.41 %, a 69.2% decline year-over-year.
- Tel Instrument Electronics Corp annual Return On Equity for 2023 was 5.95 %.
- Tel Instrument Electronics Corp annual Return On Equity for 2022 was -6.13 %, a 124% decline from 2021.
- Tel Instrument Electronics Corp annual Return On Equity for 2021 was 25.5 %, a 23.4% decline from 2020.
Return On Equity, Quarterly (%)
Return On Equity, YoY Quarterly Growth (%)