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 '2021', ENTG's return on equity was 23.9%, measuring profitability for shareholders. Industry average for Plastic Products in '2021' stood at 26.9%.
• In '2022', ENTG's return on equity was 8.5%, measuring profitability for shareholders. The decline from '2021' may indicate some operational or financial challenges. Industry average for Plastic Products in '2022' stood at -66.1%. Industry average declined by 93.1% from previous year.
• In '2023', ENTG's return on equity was 5.5%, measuring profitability for shareholders. The decline from '2022' may indicate some operational or financial challenges. Industry average for Plastic Products in '2023' stood at -61.8%. Industry average increased by 4.3% compared to previous year.
• In '2024', ENTG's return on equity was 8.2%, measuring profitability for shareholders. The increase since '2023' reflects strengthening financial performance. Industry average for Plastic Products in '2024' stood at 154.7%. Industry average increased by 216.5% compared to previous year.
Overall, ENTG's return on equity has been volatile but showed a downward trend over the past 4 years.

Formula: ROE = Net Income / Shareholders' Equity

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