thanks Halebop for your great input while eating squid and snoopy for clearing up the diffrence between "Return on Shareholders Equity" and "Return on Invested Capital"
I worked out ROE for last 7 years.
Code:
2001 2002 2003 2004 2005 2006 2007 Year
643 191 704 775 806 2656 3024 Net profit after taxes
614 670 709 775 806 820 955 Adjusted net earnings
5403 5537 5199 5360 5605 5555 5582 Operating Revenue
7421 7500 7755 8246 8972 6203 8276 Total assets
2003 1328 1776 2617 2612 1062 3604 Total Equity
30.65% 50.45% 39.92% 29.61% 30.86% 77.21% 26.50% ROE (du point)
32.10% 14.38% 39.64% 29.61% 30.86% 250.09% 83.91% ROE
so telecom nz been doing well in terms of ROE over the years? Surely better than having the money in the bank looking at ROE?
Other thing I am not sure about is the dividends. How do I go about including dividends in the formula?
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