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What drives Phoenix Motor Inc.’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 equity289%Tax burden69%net income ÷ pretax incomeInterest burden−37%pretax ÷ operating incomeOperating margin−99%operating income ÷ revenueAsset turnover0.90×revenue ÷ average assetsEquity multiplier12.63×average assets ÷ average equityAs of 2024-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$7.9MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
Income before tax$11.4MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
Operating income−$31MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
$31.2MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
Ending assets$57.6MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
Beginning assets$11.6MFY2023
  • 10-K · FY 2023Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
$10.3MFY2024
  • 10-K · FY 2024Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
−$4.8MFY2023
  • 10-K · FY 2023Filing detailsAccession 0001641172-25-013062 · filed May 30, 2025
Source: · event Dec 31, 2024 · retrieved Oct 16, 2026 · annual-row source set
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