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', UEIC's return on equity was 1.9%, measuring profitability for shareholders. Industry average for Consumer Electronics/Appliances in '2021' stood at 6.3%.
• In '2022', UEIC's return on equity was 0.1%, measuring profitability for shareholders. The decline from '2021' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Appliances in '2022' stood at -17.6%. Industry average declined by 23.9% from previous year.
• In '2023', UEIC's return on equity was -43.9%, measuring profitability for shareholders. The decline from '2022' may indicate some operational or financial challenges. Industry average for Consumer Electronics/Appliances in '2023' stood at -54.7%. Industry average declined by 37.1% from previous year.
• In '2024', UEIC's return on equity was -14.5%, measuring profitability for shareholders. The increase since '2023' reflects strengthening financial performance. Industry average for Consumer Electronics/Appliances in '2024' stood at -2.0%. Industry average increased by 52.7% compared to previous year.
Overall, UEIC'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.