Abrdn Global Infrastructure Income Fund Common Shares Of Beneficial(Asgi) Financials: Return On Equity Compared To Industry Average, Plus Other Key Ratios
Profitability Trend (Last 5 Years)
Profitability - return on equity
This chart shows the historical trend of return on equity for ASGI compared to its industry average over the recent years.
Ratio Definition and Interpretation
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 '2022', ASGI's return on equity was -9.5%, measuring profitability for shareholders. Industry average for Investment Managers in '2022' stood at -5.3%.
• In '2023', ASGI's return on equity was 2.5%, measuring profitability for shareholders. The increase since '2022' reflects strengthening financial performance. Industry average for Investment Managers in '2023' stood at 10.1%. Industry average increased by 15.4% compared to previous year.
• In '2023', ASGI's return on equity was 2.5%, measuring profitability for shareholders. The figure remained stable compared to '2023'. Industry average for Investment Managers in '2023' stood at 10.1%. Industry average remained unchanged from prior year.
• In '2024', ASGI's return on equity was 18.4%, measuring profitability for shareholders. The increase since '2023' reflects strengthening financial performance. Industry average for Investment Managers in '2024' stood at 14.7%. Industry average increased by 4.6% compared to previous year.
Overall, ASGI'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.