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', SPRU's return on equity was 8.0%, measuring profitability for shareholders. Industry average for Auto Parts:O.E.M. in '2021' stood at -4.8%.
• In '2022', SPRU's return on equity was -29.3%, measuring profitability for shareholders. The decline from '2021' may indicate some operational or financial challenges. Industry average for Auto Parts:O.E.M. in '2022' stood at -23.7%. Industry average declined by 18.9% from previous year.
• In '2023', SPRU's return on equity was -26.7%, measuring profitability for shareholders. The increase since '2022' reflects strengthening financial performance. Industry average for Auto Parts:O.E.M. in '2023' stood at -8.3%. Industry average increased by 15.5% compared to previous year.
• In '2024', SPRU's return on equity was -39.6%, measuring profitability for shareholders. The decline from '2023' may indicate some operational or financial challenges. Industry average for Auto Parts:O.E.M. in '2024' stood at -2.9%. Industry average increased by 5.3% compared to previous year.
Overall, SPRU'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.