Nova Return On Equity from 2010 to 2024

NOVV Stock  USD 37.00  0.00  0.00%   
Nova Vision Return On Equity yearly trend continues to be fairly stable with very little volatility. Return On Equity is likely to outpace its year average in 2024. Return On Equity is a measure of the profitability of Nova Vision Acquisition in relation to the equity, calculated by dividing net income by shareholder's equity. View All Fundamentals
 
Return On Equity  
First Reported
2010-12-31
Previous Quarter
0.00987699
Current Value
0.0104
Quarterly Volatility
0.01112438
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Nova Vision financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nova Vision's main balance sheet or income statement drivers, such as Depreciation And Amortization of 591 K, Interest Expense of 1.5 M or Selling General Administrative of 537.2 K, as well as many indicators such as Price To Sales Ratio of 86.99, Dividend Yield of 0.0 or PTB Ratio of 1.9. Nova financial statements analysis is a perfect complement when working with Nova Vision Valuation or Volatility modules.
  
Check out the analysis of Nova Vision Correlation against competitors.

Latest Nova Vision's Return On Equity Growth Pattern

Below is the plot of the Return On Equity of Nova Vision Acquisition over the last few years. Return on Equity is the amount of Nova Vision Acquisition net income returned as a percentage of Nova Vision equity. Return on equity measures Nova Vision profitability by revealing how much profit Nova Vision Acquisition generates with the money shareholders have invested. It is a measure of the profitability of a business in relation to the equity, calculated by dividing net income by shareholder's equity. Nova Vision's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nova Vision's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported -0.030910 Years Trend
Very volatile
   Return On Equity   
       Timeline  

Nova Return On Equity Regression Statistics

Arithmetic Mean(0.01)
Coefficient Of Variation(169.20)
Mean Deviation0
Median(0.01)
Standard Deviation0.01
Sample Variance0.0001
Range0.0512
R-Value0.06
Mean Square Error0.0001
R-Squared0
Significance0.82
Slope0.0002
Total Sum of Squares0

Nova Return On Equity History

2024 0.0104
2023 0.009877
2022 -0.0408

About Nova Vision Financial Statements

Nova Vision investors use historical fundamental indicators, such as Nova Vision's Return On Equity, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Nova Vision. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Return On Equity 0.01  0.01 

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Additional Tools for Nova Stock Analysis

When running Nova Vision's price analysis, check to measure Nova Vision's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nova Vision is operating at the current time. Most of Nova Vision's value examination focuses on studying past and present price action to predict the probability of Nova Vision's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nova Vision's price. Additionally, you may evaluate how the addition of Nova Vision to your portfolios can decrease your overall portfolio volatility.