0 results available. Select is focused ,type to refine list, press Down to open the menu,
Invinity Energy Systems plc manufactures and sells vanadium flow batteries (VFB) for energy storage requirements of business, industry, and electrical networks. It also offers electric related service...
The following section summarizes insights on Invinity Energy Systems PLC's Return on Common Equity:
We've identified the following companies as similar to Invinity Energy Systems PLC because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.
| Name | Ticker | Return on Common Equity |
|---|---|---|
| Invinity Energy Systems PLC | AIM:IES | -34.8% |
| Industrials | SECTOR:IND.GB | 7.4% |
| Abound Energy Inc | CNSX:ABND | NM |
| Eos Energy Enterprises Inc | NASDAQCM:EOSE | NM |
| Gelion PLC | AIM:GELN | -58.8% |
| Pod Point Group Holdings PLC | LSE:PODP | -58.6% |
| Checkit PLC | AIM:CKT | -32.6% |
| Ilika | AIM:IKA | -20.6% |
| Ceres Power Holdings PLC | LSE:CWR | -16.9% |
| ITM Power | AIM:ITM | -15.7% |
| LPA Group | AIM:LPA | -2.0% |
| Atlantis Resources Ltd | AIM:SAE | 59.5% |
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Return on Common Equity in the efficiency category include:
A ratio used to measure the return that a firm generates on the book value of common equity.
Return on Common Equity is defined as:
Return on Common Equity = Net Income To Common / Average Total Common Equity
Return on Common Equity for Invinity Energy Systems is calculated as follows:
Net Income [ -20.963 M ]
(/) Average Equity over Period [ 60.287 M ]
(=) Return on Common Equity [ −34.8% ]
The tables below summarizes the trend in Invinity Energy Systems’s return on common equity over the last five years:
| Fiscal Year | Net Income | Average Common Equity | Return on Common Equity |
|---|---|---|---|
| 2019-12-31 | -7.385 M | 14.948 M | −49.4% |
| 2020-12-31 | -24.271 M | 27.47 M | −88.4% |
| 2021-12-31 | -21.372 M | 46.796 M | −45.7% |
| 2022-12-31 | -18.537 M | 42.815 M | −43.3% |
| 2023-12-31 | -23.179 M | 34.102 M | −68.0% |
Return on equity represents the percentage return a company generates on the money shareholders have invested.
The Net Income used in the numerator is often adjusted for one-time and non-recurring items to present a clearer view of future earnings. Since income is earned over the course of a year, we average book value of Common Equity at the start and end of the year for the denominator.
In general, a higher return on equity suggests management is utilizing the capital invested by shareholders efficiently.
The chart above depicts the distribution of return on common equity for companies operating in the Industrials sector in the Developed economic region. Over 3,380 companies were considered in this analysis, and 3,245 had meaningful values. The average return on common equity of companies in the sector is -4.3% with a standard deviation of 48.7%.
Invinity Energy Systems PLC's Return on Common Equity of -34.8% ranks in the 9.9% percentile for the sector. The following table provides additional summary stats:
| Economic Risk Region | Developed |
| Total Constituents | 3,381 |
| Included Constituents | 3,245 |
| Min | -395.1% |
| Max | 59.2% |
| Median | 6.9% |
| Mean | -4.3% |
| Standard Deviation | 48.7% |
You can find companies with similar return on common equity using this stock screener.