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What drives Cyanotech Corp’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−31%Tax burden100%net income ÷ pretax incomeInterest burden127%pretax ÷ operating incomeOperating margin−10%operating income ÷ revenueAsset turnover1.00×revenue ÷ average assetsEquity multiplier2.35×average assets ÷ average equityAs of 2025-03-31 · 2 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$3.2MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-25-020904 · filed Jun 20, 2025
Income before tax−$3.2MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-25-020904 · filed Jun 20, 2025
Operating income−$2.5MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-25-020904 · filed Jun 20, 2025
$24.2MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-25-020904 · filed Jun 20, 2025
Ending assets$23.5MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-25-020904 · filed Jun 20, 2025
Beginning assets$25.1MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001437749-24-021266 · filed Jun 26, 2024
  • 10-K · FY 2024Filing detailsAccession 0001437749-25-020904 · filed Jun 20, 2025
$8.9MFY2025
  • 10-K · FY 2025Filing detailsAccession 0001437749-25-020904 · filed Jun 20, 2025
$11.8MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001437749-24-021266 · filed Jun 26, 2024
  • 10-K · FY 2024Filing detailsAccession 0001437749-25-020904 · filed Jun 20, 2025
Source: · event Mar 31, 2025 · retrieved Oct 17, 2026 · annual-row source set
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