Return on equity = Net income ÷ ((Beginning shareholders' equity + ending shareholders' equity) ÷ 2)
下面以苹果公司的数据来计算2022年的ROE:
收入表:来源 https://stockanalysis.com/stocks/aapl/financials/
+------------------------------+--------+--------+
| year | 2022 | 2021 |
+------------------------------+--------+--------+
| net income | 99803 | 94680 |
+------------------------------+--------+--------+
+------------------------------+---------+---------+
| year | 2022 | 2021 |
+------------------------------+---------+---------+
| common stock | 64849 | 57365 |
+------------------------------+---------+---------+
| retained earnings | -3068 | 5562 |
+------------------------------+---------+---------+
| comprehensive income | -11109 | 163 |
+------------------------------+---------+---------+
| shareholders' equity | 50672 | 63090 |
+------------------------------+---------+---------+
- +--------------------------+---------+---------+
- | year | 2022 | 2021 |
- +--------------------------+---------+---------+
- | return on equity (roe) | 160.90% | 144.10% |
- +--------------------------+---------+---------+
我们验证一下
Net income = 99803 (2022)Beginning shareholders' equity = 63090 (2021)ending shareholders' equity = 50672 (2022)Return on equity on 2022 = Net income ÷ ((Beginning shareholders' equity + ending shareholders' equity) ÷ 2) = 99803 ÷ ((63090+50672) ÷ 2) = 175%
根本对不上?