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', FMST's return on equity was -45.4%, measuring profitability for shareholders. Industry average for Other Metals and Minerals in '2021' stood at -93.2%.
• In '2022', FMST's return on equity was -66.5%, measuring profitability for shareholders. The decline from '2021' may indicate some operational or financial challenges. Industry average for Other Metals and Minerals in '2022' stood at -72.1%. Industry average increased by 21.1% compared to previous year.
• In '2023', FMST's return on equity was 11.2%, measuring profitability for shareholders. The increase since '2022' reflects strengthening financial performance. Industry average for Other Metals and Minerals in '2023' stood at -22.0%. Industry average increased by 50.2% compared to previous year.
• In '2024', FMST's return on equity was -37.9%, measuring profitability for shareholders. The decline from '2023' may indicate some operational or financial challenges. Industry average for Other Metals and Minerals in '2024' stood at -28.2%. Industry average declined by 6.3% from previous year.
Overall, FMST'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.