RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE
Novo Resources Stock

Novo Resources ROE 2024

Novo Resources ROE

-1.51

Ticker

NVO.TO

ISIN

CA67010B1022

WKN

A1JG38

In 2024, Novo Resources's return on equity (ROE) was -1.51, a 168.36% increase from the -0.56 ROE in the previous year.

Novo Resources Aktienanalyse

What does Novo Resources do?

Novo Resources ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROE Details

Decoding Novo Resources's Return on Equity (ROE)

Novo Resources's Return on Equity (ROE) is a fundamental metric evaluating the company's profitability relative to its equity. Calculated by dividing net income by shareholder's equity, ROE illustrates how effectively the company is generating profits from shareholders’ investments. A higher ROE represents enhanced efficiency and profitability.

Year-to-Year Comparison

Analyzing Novo Resources's ROE on a yearly basis aids in tracking its profitability trends and financial performance. An increasing ROE suggests enhanced profitability and value generation for shareholders, whereas a declining ROE may indicate issues in profit generation or equity management.

Impact on Investments

Novo Resources's ROE is instrumental for investors assessing the company's profitability, efficiency, and investment attractiveness. A robust ROE indicates the firm’s adeptness at converting equity investments into profits, thereby enhancing its appeal to potential and current investors.

Interpreting ROE Fluctuations

Changes in Novo Resources’s ROE can emanate from variations in net income, equity capital, or both. These fluctuations are scrutinized to evaluate management’s effectiveness, financial strategies, and the inherent risks and opportunities, aiding investors in making informed decisions.

Frequently Asked Questions about Novo Resources stock

What is the ROE (Return on Equity) of Novo Resources this year?

The ROE of Novo Resources this year is -1.51 undefined.

How has the Return on Equity (ROE) of Novo Resources developed compared to the previous year?

The ROE of Novo Resources has increased by 168.36% increased compared to the previous year.

What impact does a high ROE (Return on Equity) have on investors of Novo Resources?

A high ROE indicates that Novo Resources generates good returns on capital and is successful in monetizing its investments. This is a positive indicator for investors.

What impact does a low ROE (Return on Equity) have on investors of Novo Resources?

A low ROE can indicate that Novo Resources is having difficulties monetizing its investments successfully and can be a negative signal for investors.

How does a change in the ROE (Return on Equity) of Novo Resources affect the company?

A change in ROE (Return on Equity) of Novo Resources can be an indicator of the financial performance of the company and demonstrate how successful the company is compared to other companies in the same industry.

How to calculate the ROE (Return on Equity) of Novo Resources?

The ROE (Return on Equity) is calculated by dividing the company's profit by the total equity. The formula is: ROE = Profit / Total equity.

Which factors influence the ROE (Return on Equity) of Novo Resources?

Some factors that can influence Novo Resources's Return on Equity (ROE) include the efficiency in using equity, the profitability of the company, and the financing structure.

What strategic measures can take to improve the ROE (Return on Equity)?

To improve the Return on Equity (ROE), can take measures such as cost savings, increasing revenue, improving efficiency in the use of equity, and making changes in the financing structure. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to improve ROE.

How much dividend does Novo Resources pay?

Over the past 12 months, Novo Resources paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Novo Resources is expected to pay a dividend of 0 CAD.

What is the dividend yield of Novo Resources?

The current dividend yield of Novo Resources is .

When does Novo Resources pay dividends?

Novo Resources pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Novo Resources?

Novo Resources paid dividends every year for the past 0 years.

What is the dividend of Novo Resources?

For the upcoming 12 months, dividends amounting to 0 CAD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Novo Resources located?

Novo Resources is assigned to the 'Commodities' sector.

Wann musste ich die Aktien von Novo Resources kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Novo Resources from 12/4/2024 amounting to 0 CAD, you needed to have the stock in your portfolio before the ex-date on 12/4/2024.

When did Novo Resources pay the last dividend?

The last dividend was paid out on 12/4/2024.

What was the dividend of Novo Resources in the year 2023?

In the year 2023, Novo Resources distributed 0 CAD as dividends.

In which currency does Novo Resources pay out the dividend?

The dividends of Novo Resources are distributed in CAD.

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Andere Kennzahlen von Novo Resources

Our stock analysis for Novo Resources Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Novo Resources Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.