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What drives REFLECT SCIENTIFIC, 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 equity−22%Tax burden100%net income ÷ pretax incomeInterest burden98%pretax ÷ operating incomeOperating margin−43%operating income ÷ revenueAsset turnover0.42×revenue ÷ average assetsEquity multiplier1.22×average assets ÷ average equityAs of 2023-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
−$459028FY2023
  • 10-K · FY 2023Filing detailsAccession 0001548123-24-000032 · filed Mar 29, 2024
Income before tax−$458716FY2023
  • 10-K · FY 2023Filing detailsAccession 0001548123-24-000032 · filed Mar 29, 2024
Operating income−$467278FY2023
  • 10-K · FY 2023Filing detailsAccession 0001548123-24-000032 · filed Mar 29, 2024
$1.1MFY2023
  • 10-K · FY 2023Filing detailsAccession 0001548123-24-000032 · filed Mar 29, 2024
Ending assets$2.7MFY2023
  • 10-K · FY 2023Filing detailsAccession 0001548123-24-000032 · filed Mar 29, 2024
Beginning assets$2.4MFY2022
  • 10-K · FY 2022Filing detailsAccession 0001548123-24-000032 · filed Mar 29, 2024
$1.9MFY2023
  • 10-K · FY 2023Filing detailsAccession 0001548123-24-000032 · filed Mar 29, 2024
$2.3MFY2022
  • 10-K · FY 2022Filing detailsAccession 0001548123-24-000032 · filed Mar 29, 2024
Source: · event Dec 31, 2023 · retrieved Oct 20, 2026 · annual-row source set
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