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Published on 31 Mar 2024 on Simply Wall St. via Yahoo Finance

Is Hovnanian Enterprises, Inc.'s (NYSE:HOV) 35% ROE Better Than Average?


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While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. By way of learning-by-doing, we'll look at ROE to gain a better understanding of Hovnanian Enterprises, Inc. (NYSE:HOV).

ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

See our latest analysis for Hovnanian Enterprises

NYSE.HOV price evolution

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