ROE — Return on Shareholders' Equity
Formula: ROE = Profit attributable to controlling shareholders / Average controlling shareholders' equity
- Profit attributable to controlling shareholders = CVM account 3.11.01
of the consolidated
DRE(income statement). When the company does not report the breakdown (no non-controlling interests), we use consolidated profit 3.11 with flaglucro_total_sem_minoritarios. - Controlling shareholders' equity = 2.03 minus 2.03.09 (non-controlling interests). Without line 2.03.09, we use total shareholders' equity — consistent with the numerator in the case with no non-controlling interests.
- Average: equity at the end of the previous year and at the end of the
current year. First year of the series: only the ending value, flag
pl_final_sem_media. - Average equity ≤ 0: ROE is not published (flag
pl_nao_positivo) — ROE over negative equity is a number with no economic meaning.
Source, treatment and limitations: see fontes_e_padronizacao.md.