Acuren(Tic) Financials: Return On Equity Compared To Industry Average, Plus Other Key Ratios

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operating roa return on assets return on capital employed return on equity

Profitability Trend (Last 5 Years)

Profitability - return on equity

This chart shows the historical trend of return on equity for TIC compared to its industry average over the recent years.

Ratio Definition and Interpretation

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 '2023', TIC's return on equity was -1.7%, measuring profitability for shareholders. Industry average for Business Services in '2023' stood at -14.4%.
• In '2023', TIC's return on equity was -1.7%, measuring profitability for shareholders. The figure remained stable compared to '2023'. Industry average for Business Services in '2023' stood at -14.4%. Industry average remained unchanged from prior year.
Overall, TIC's return on equity has been volatile but generally stable over the past 2 years.

Formula: ROE = Net Income / Shareholders' Equity

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