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', SOND's return on equity was 50.0%, measuring profitability for shareholders. Industry average for Hotels/Resorts in '2020' stood at 50.0%.
• In '2021', SOND's return on equity was 46.5%, measuring profitability for shareholders. The decline from '2020' may indicate some operational or financial challenges. Industry average for Hotels/Resorts in '2021' stood at 11.5%. Industry average declined by 38.5% from previous year.
• In '2022', SOND's return on equity was 56.6%, measuring profitability for shareholders. The increase since '2021' reflects strengthening financial performance. Industry average for Hotels/Resorts in '2022' stood at 25.7%. Industry average increased by 14.2% compared to previous year.
• In '2023', SOND's return on equity was 123.7%, measuring profitability for shareholders. The increase since '2022' reflects strengthening financial performance. Industry average for Hotels/Resorts in '2023' stood at 20.2%. Industry average declined by 5.6% from previous year.
Overall, SOND'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.