Flagship explainer

What drives FGI Industries Ltd.’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 burden141%net income ÷ pretax incomeInterest burden181%pretax ÷ operating incomeOperating margin−2%operating income ÷ revenueAsset turnover1.80×revenue ÷ average assetsEquity multiplier3.67×average assets ÷ average equityAs of 2025-12-31 · 3 SEC filing sourcesBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$6.1MFY2025
Income before tax−$4.3MFY2025
Operating income−$2.4MFY2025
$131MFY2025
Ending assets$69.5MFY2025
Beginning assets$75.5MFY2024
$17.3MFY2025
$22.3MFY2024
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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FGI dupont explainer — Buy Like Buffett · Buy Like Buffett