Provident Return On Equity from 2010 to 2024

PROV Stock  USD 15.91  0.22  1.36%   
Provident Financial 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 Provident Financial Holdings 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
0.05657183
Current Value
0.0773
Quarterly Volatility
0.0323561
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Provident Financial financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Provident Financial's main balance sheet or income statement drivers, such as Depreciation And Amortization of 2.8 M, Interest Expense of 19.3 M or Selling General Administrative of 27 M, as well as many indicators such as Price To Sales Ratio of 2.55, Dividend Yield of 0.0478 or PTB Ratio of 1.06. Provident financial statements analysis is a perfect complement when working with Provident Financial Valuation or Volatility modules.
  
Check out the analysis of Provident Financial Correlation against competitors.

Latest Provident Financial's Return On Equity Growth Pattern

Below is the plot of the Return On Equity of Provident Financial Holdings over the last few years. Return on Equity is the amount of Provident Financial net income returned as a percentage of Provident Financial equity. Return on equity measures Provident Financial profitability by revealing how much profit Provident Financial Holdings 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. Provident Financial's Return On Equity historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Provident Financial's overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 0.057910 Years Trend
Very volatile
   Return On Equity   
       Timeline  

Provident Return On Equity Regression Statistics

Arithmetic Mean0.06
Geometric Mean0.06
Coefficient Of Variation52.29
Mean Deviation0.02
Median0.06
Standard Deviation0.03
Sample Variance0
Range0.1436
R-Value(0.1)
Mean Square Error0
R-Squared0.01
Significance0.73
Slope(0.0007)
Total Sum of Squares0.01

Provident Return On Equity History

2024 0.0773
2023 0.0566
2022 0.0663
2021 0.0707
2020 0.0594
2019 0.062
2018 0.0366

About Provident Financial Financial Statements

Provident Financial investors use historical fundamental indicators, such as Provident Financial'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 Provident Financial. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Return On Equity 0.06  0.08 

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional Tools for Provident Stock Analysis

When running Provident Financial's price analysis, check to measure Provident Financial'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 Provident Financial is operating at the current time. Most of Provident Financial's value examination focuses on studying past and present price action to predict the probability of Provident Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Provident Financial's price. Additionally, you may evaluate how the addition of Provident Financial to your portfolios can decrease your overall portfolio volatility.