Newport Gold annual return on equity
2007
2008
Newport Gold Return on Equity (ROE) Growth & History (NWPG)
Newport Gold's return on equity was −365.87% for fiscal 2008.
View full Newport Gold company overviewNewport Gold annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2008 | 2008-12-31 | −365.87% | −305.50 pp |
| 2007 | 2007-12-31 | −60.37% | — |
Newport Gold return on equity trends
Between the periods ended 2007-12-31 and 2008-12-31, Newport Gold's return on equity decreased from −60.37% to −365.87%, a change of −305.50 percentage points.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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