The stock of travel company MakeMyTrip (NASDAQ:MMYT) has risen by 17% over the past three months, possibly due to the market rewarding companies with strong financial performances. Attention is being paid to MakeMyTrip’s Return on Equity (ROE), a measure of a company’s ability to generate returns on shareholder investment. Put differently, it indicates the company’s capability to transform shareholder investments into profits. The calculation for MakeMyTrip’s ROE of 19% is US$217 million (net profit) divided by US$1.1 billion (shareholders’ equity) based on the previous twelve months ending March 2024. This return signifies that for each dollar of shareholder capital, the company made $0.19.
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