Novoray

Novoray ROE

The Return on Equity (ROE) of Novoray (688300.SS) as of Oct 23, 2026 is 17.92 %. In the previous year, Return on Equity (ROE) was 16.67 % — a change of 7.46% (higher).

ROE

17.92 %

YoY

7.46%

Last updated:

In 2025, Novoray's return on equity (ROE) was 17.92 %, a 7.46% increase from the 16.67 % ROE in the previous year.

The Novoray ROE history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

ROE
Date
ROE
Jan 1, 2018
18.27 CNY
Jan 1, 2019
8.34 CNY
Jan 1, 2020
11.51 CNY
Jan 1, 2021
15.81 CNY
Jan 1, 2022
15.30 CNY
Jan 1, 2023
12.91 CNY
Jan 1, 2024
16.67 CNY
Jan 1, 2025
17.92 CNY
The Novoray ROE history
YEARROEYoY
17.92 %+7.46%
16.67 %+29.12%
12.91 %-15.62%
15.30 %-3.18%
15.81 %+37.36%
11.51 %+38.05%
8.34 %-54.37%
18.27 %-16.57%
21.89 %+8.92%
20.10 %+36.06%
14.77 %-24.86%
19.66 %—

Access this data via the Eulerpool API

100,000 free requests/mo · no credit card

Novoray Stock analysis

What does Novoray do? Novoray Corp. generates revenue through the research, development, and sale of silica powder materials. The company produces micron-level and sub-micron-level angular powders, micron-level spherical inorganic powders processed by flame fusion, sub-micron-level spherical particles using high-temperature oxidation and liquid phase methods, ultrafine particles with surface treatment, functional particles, and slurry products. These products are sold to industries requiring epoxy molding materials (EMC), liquid molding materials (LMC), underfill materials, copper clad laminates (CCL), laminated adhesive films, thermal interface materials (TIM), and adhesives for new energy vehicle batteries and solar photovoltaic cells. The primary customers include manufacturers of electronic components and materials for the semiconductor and renewable energy sectors. The firm's product portfolio targets specific applications in chip packaging, electronic circuits, and thermal management solutions. Customers in the semiconductor industry purchase EMC, LMC, and Underfill materials, while those in renewable energy sources utilize TIM and structural adhesives for solar cells. The company's focus on specialized silica powders for high-performance materials ensures steady demand from technology-driven markets. Novoray Corp. serves industrial segments where precision and material performance are critical, such as semiconductor manufacturing and renewable energy production. Its products enable enhanced thermal conductivity and structural integrity in electronic devices and energy systems. By addressing niche requirements in these sectors, the company secures contracts with established manufacturers in both electronics and clean energy fields. Novoray is one of the most popular companies on Eulerpool.

ROE Details

Decoding Novoray's Return on Equity (ROE)

Novoray'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 Novoray'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

Novoray'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 Novoray’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 Novoray stock

Return on Equity (ROE) of Novoray is 17.92 % in 2025.

Return on Equity (ROE) of Novoray changed from 16.67 % to 17.92 %, representing a 7.46% change. The value is higher than the previous year.

On Eulerpool you can find the complete historical development of Return on Equity (ROE) Novoray since 2006 – with annual values, charts, and detailed analysis.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Equity (ROE)'s Novoray with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Equity (ROE)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Equity (ROE).

Access this data via the Eulerpool API

100,000 free requests/mo · no credit card

Profitability — Novoray

All Key Metrics — Novoray