Name: Return on Equity (ROE)

Definition: ROE shows how much profit the company earns for its shareholders based on their invested equity. It’s one of the most watched profitability ratios. A consistently high ROE signals strong management and efficient use of shareholder capital. But artificially high ROE may sometimes be boosted by excessive debt.

Interpretation:
• In '2020', AGAE's return on equity was -134.9%, measuring profitability for shareholders. Industry average for Services-Misc. Amusement & Recreation in '2020' stood at -134.9%.
• In '2021', AGAE's return on equity was 95.2%, measuring profitability for shareholders. The increase since '2020' reflects strengthening financial performance. Industry average for Services-Misc. Amusement & Recreation in '2021' stood at 16.2%. Industry average increased by 151.1% compared to previous year.
• In '2022', AGAE's return on equity was -11.6%, measuring profitability for shareholders. The decline from '2021' may indicate some operational or financial challenges. Industry average for Services-Misc. Amusement & Recreation in '2022' stood at 15.1%. Industry average declined by 1.1% from previous year.
• In '2023', AGAE's return on equity was -4.2%, measuring profitability for shareholders. The increase since '2022' reflects strengthening financial performance. Industry average for Services-Misc. Amusement & Recreation in '2023' stood at -29.0%. Industry average declined by 44.2% from previous year.
Overall, AGAE's return on equity has been volatile but showed an upward trend over the past 4 years.

Formula: ROE = Net Income / Shareholders' Equity

Good Range: 10%-20% desirable for many industries.