Westpac Group (WBC) FY2016 FY2015 FY2014 FY2013 FY2012 Normalized Profit {A} $7,605m $7,527m $7,338m $6,792m $6,328m Shareholder Equity EOFY {B} $58,181m $53,915m $49,337m $47,537m $46,219m Return on Shareholder Equity {A}/{B} 13.1% 14.0% 14.9% 14.3% 13.7%
We aren't far away from that 15% ROE hurdle in any of the last five years. But near enough is not good enough.
Result: Fail Test
SNOOPY
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