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', NAAS's return on equity was -797.8%, measuring profitability for shareholders. Industry average for Other Specialty Stores in '2020' stood at -473.1%.
• In '2021', NAAS's return on equity was -1328.8%, measuring profitability for shareholders. The decline from '2020' may indicate some operational or financial challenges. Industry average for Other Specialty Stores in '2021' stood at -0.2%. Industry average increased by 472.8% compared to previous year.
• In '2022', NAAS's return on equity was -2407.5%, measuring profitability for shareholders. The decline from '2021' may indicate some operational or financial challenges. Industry average for Other Specialty Stores in '2022' stood at 14.1%. Industry average increased by 14.4% compared to previous year.
• In '2023', NAAS's return on equity was -667.1%, measuring profitability for shareholders. The increase since '2022' reflects strengthening financial performance. Industry average for Other Specialty Stores in '2023' stood at -43.6%. Industry average declined by 57.7% from previous year.
Overall, NAAS'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.