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', KNF's return on equity was 13.6%, measuring profitability for shareholders. Industry average for Mining & Quarrying of Nonmetallic Minerals (No Fuels) in '2021' stood at 7.4%.
• In '2022', KNF's return on equity was 11.7%, measuring profitability for shareholders. The decline from '2021' may indicate some operational or financial challenges. Industry average for Mining & Quarrying of Nonmetallic Minerals (No Fuels) in '2022' stood at -0.4%. Industry average declined by 7.8% from previous year.
• In '2023', KNF's return on equity was 15.9%, measuring profitability for shareholders. The increase since '2022' reflects strengthening financial performance. Industry average for Mining & Quarrying of Nonmetallic Minerals (No Fuels) in '2023' stood at -57.7%. Industry average declined by 57.3% from previous year.
• In '2024', KNF's return on equity was 14.7%, measuring profitability for shareholders. The decline from '2023' may indicate some operational or financial challenges. Industry average for Mining & Quarrying of Nonmetallic Minerals (No Fuels) in '2024' stood at -23.2%. Industry average increased by 34.5% compared to previous year.
Overall, KNF's return on equity has been volatile but generally stable over the past 4 years.

Formula: ROE = Net Income / Shareholders' Equity

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